The Department of Finance (DOF) has secured an PHP8.2 billion funding for the rehabilitation of the Metro Rail Transit Line 3 (MRT 3), which will restore the train system to its original condition, improve its performance, and prepare it for future expansion by repairing and upgrading key parts.
“For the Filipinos, this means three important things: First, it means fewer delays. Second, it means shorter waiting times. Third, it means a more comfortable and predictable ride to work, to school, and back home to family,” Finance Secretary Frederick D. Go said in his remarks during the signing ceremony of the financing agreement on March 3, 2026.
The Japan International Cooperation Agency (JICA) is providing the third tranche loan for the project through an PHP8.2 billion financing agreement.
“Allow me to express my deepest appreciation to the Philippine government who have contributed to this outstanding cooperation. The progress we celebrate today is a testament to the stakes of our vital partnership and shared commitment to delivering safe, efficient and high-quality infrastructure transportation for the people of the Philippines,” JICA Chief Representative Baba Takashi said.
All parts of the system will be repaired, renewed, or upgraded, including tracks, signals, power, overhead lines, communications, and station and maintenance equipment.
This also involves the transition to 4-car trains to create space for 394 more passengers per train, reducing waiting times, especially during peak hours.
“At the Department of Finance, we treat projects like MRT-3 as strategic investments in productivity, mobility, and opportunity. When commuters save even 20 minutes a day, that is more time for family and rest. When employees arrive on time, productivity improves. When transportation is reliable, businesses grow and jobs are created,” Secretary Go said.
