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Updating of the Feasibility study previously
approved by the NEDA Technical Board.
Marubeni Philippines Corporation
officially expressed its intention to participate in the invitation of
the Japanese Ministry of Economy, Trade and Industry (METI) to private
companies to conduct ODA project formulation and has chosen the project
(eastern and western extension of Line 2) for this undertaking. LRTA
issued its official request to Marubeni Corporation on 12 May 2009.
Results of the said proposal is still being awaited.
Exploratory talks with the Land Bank of
the Philippines, Development Bank of the Philippines on the possible
financing of the project is also ongoing. Financing from other
institutions offering concessional terms like the JBIC/JICA will,
likewise, be explored in coordination with DOF.
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