It’s almost a sentimental attachment for many years,” Duterte said in his speech during the meeting. During the bilateral meeting, Duterte and Abe witnessed the exchange of notes between several agencies of the Philippines and Japan. The two leaders first witnessed the exchange of notes for the Metro Manila subway project between Foreign Affairs Secretary Alan Peter Cayetano and Japanese Ambassador to the Philippines Kojie Haneda. A portion of the 1-trillion yen financial package includes a 104.53-billion yen loan for the first phase of the Metro Manila Subway Project, aimed at solving the transportation and traffic congestion problem in the Philippine capital. About P356 billion (800-billion yen) is needed to complete the entire subway project and Japan, known for its high-speed bullet trains and efficient transportation system, might provide more aid to complete the project.
Source: Manila Times November 14, 2017 15:33 UTC