Japan to finance study on PHL monorail system

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Japan will fund the pre-feasibility study of a monorail system connecting the Metro Rail Transit to Bonifacio Global City and Nino Aquino International Airport Terminal, project developer Bases Conversion and Development Authority said on Tuesday.

The Japan Ministry of Economy, Transportation and Industry or METI told BCDA that the funding was approved for the study, said BCDA president and chief executive Arnel Paciano Casanova.

“The METI has issued a Certificate of Acceptance to fund the pre-feasibility study,” Casanova said in a statement.

The July 2012 certificate was received by BCDA only last week.

Taken from:

http://www.gmanetwork.com/news/story/269653/economy/finance/japan-to-finance-study-on-phl-monorail-system

Jonas Montemayor
Real Estate Broker
PRC License #: 0007396

Member: Philippine Association of Real Estate Boards – City of Taguig Real Estate Board

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