PHL, Japan set to sign loan deal for North-South rail project in November (Philippines News Agency)

The Philippines is set to sign next month an Php89-billion loan agreement with Japanese government to partially finance the North-South commuter rail project (NSCRP) meant to ease traffic congestion in Metro Manila. The loan agreement for the project will be signed during Japanese Prime Minister Shinzo Abe’s visit to the Philippines for the Asia Pacific Economic…