Finance Secretary Carlos Dominguez signed on behalf of the Philippines while ADB Vice-President Ahmed Saeed signed for the Manila-based multilateral lending bank.
The signing ceremony was witnessed by President Rodrigo Duterte in Malacañang.
President Duterte witnesses signing of the loan agreement for the Malolos-Clark railway project. @inquirerdotnet pic.twitter.com/FuzcdLxEe1— Darryl John Esguerra (@DJEsguerraINQ) July 11, 2019
The amount is the first tranche for the total $2.75-billion loan that will be used for the railway project.
https://business.inquirer.net/274436/govt-adb-sign-1-3-b-loan-deal-for-malolos-clark-railway-project
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