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JICA-backed rail projects on track with targets despite rising costs

26 March 2026
in Business
Reading Time: 4 mins read
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JICA-backed rail projects on track with targets despite rising costs
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By Justine Irish D. Tabile, Senior Reporter 

Railway projects funded by the Japan International Cooperation Agency (JICA) are still on track with completion targets despite the potential impact of the Middle East war on oil prices and costs, contractors said.

“Although we are facing various challenges, including the Middle East conflict, we will achieve our target,” said Takashi Date, the project manager of the Metro Manila Subway Project (MMSP) Contract Package (CP) 103 during a press tour conducted by the Japan Embassy in the Philippines.

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