The governments of the Philippines and Japan on Wednesday exchanged notes for the rehabilitation of the Metro Rail Transit Line 3.
The Philippine government was represented by Foreign Affairs Secretary Teodoro Locsin Jr., while the Japanese government was represented by Ambassador of Japan to the Philippines Koji Haneda.
Locsin and Haneda exchanged notes on the MRT3 rehabilitation loan deal at the Department of Foreign Affairs main office in Pasay City.
The exchange of notes was witnessed by Transportation Undersecretary for Railways Timothy John Batan.
Under the Exchange of Notes, Japanese company Sumitomo-Mitsubishi Heavy Industries will return as the firm in charge of the maintenance and rehabilitation of the MRT3.
Sumitomo-Mitsubishi Heavy, as the original MRT3 maintenance contractor, has designed and built the line, as well as maintained it in its first 12 years.
The exchange of notes will be followed by the signing of a loan agreement on Thursday, November 8. — MDM, GMA News
http://www.gmanetwork.com/news/money/companies/673876/phl-japan-exchange-notes-for-mrt3-rehab/story/
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