Monday, August 15, 2016

Japan is Willing to Fund ₱110.76 Billion to the Philippines for the Malolos(Bulacan)-Tutuban(Manila) Railway! Must See!

     We all know that Japan has a very advanced technology when it comes to almost everything, and of course their 52-year-old Shinkansen Train System is one of the most outstanding train system in the world.

     Speaking of their Shinkansen Trains, last March 11, 2011 a magnitude 9.0 earthquake has struck Japan and around 38 high-speed rail trains were running that time in Japan.

Shinkansen Billet Train - Tokyo, Japan - June 8,'16 (c) Franck Robichon/EPA

     According to Masato Ohtaka, the deputy press secretary of the Japanese Foreign Ministry, "The 38 trains actually came to a halt safely. And nobody was hurt." he even added that "Tens of thousands of trains are running every year for the last 50 years, and we've had no fatal accidents. Zero. Nobody has died because of out high-speed rail system. It takes a lot of work to do that."

     Masato Ohtaka said that Japan is willing to fund through loan process ( Around ₱110.76 Billion) the Malolos(Bulacan)-Tutuban(Manila) Railway which is a great project for the solution of the Philippines's Transportation problems. And Take note as this is 'One of the Biggest Japanese Yen Loans Ever.'

     Masato Ohtaka explained that they're willing to fund the said project because the "Philippines is a very important partner of Japan" and the "Prosperity in the Philippines is very important."

     Now its our President's choice if he'll go with this or the one with China (whose offering to build a railway from Metro Manila to Clark, Pampanga in a span of 2 years), but we'll see after he got the emergency powers from the congress, that is, if the congress permits him or not. 

     Take note that the Philippines' MRT-3 is only 16 years old while Japan's Shinkansen Train System was built in the year 1964.

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