Japan International Cooperation Agency ( Jica ) has signed a 21.65 billion yen ( US$137 million ) loan agreement with the Government of the Philippines to provide an Official Development Assistance loan for the Manila Metro Rail Transit Line 3 Rehabilitation Project.  

The project aims to improve the safety and service level of MRT3, promote ridership, and contribute to mitigating traffic congestion, air pollution, and climate change in Metro Manila. It comprises rehabilitation and maintenance of rolling stock, track, signalling, power systems, station facilities, and maintenance equipment; supply of spare parts and maintenance services during rehabilitation and defects liability periods; and consulting services, including construction management support and maintenance management capacity building. Completion is scheduled for October 2027. 

The project contributes to Sustainable Development Goals 9 ( Industry, innovation and infrastructure ), 11 ( Sustainable cities and communities ), and 13 ( Climate action ). 

The loan carries an interest rate of 0.80%. Repayment is over 40 years, with a 10-year grace period.  

Special Terms for Economic Partnership ( STEP ) will apply. This refers to special assistance terms for promoting the visibility of Japanese aid through a transfer of outstanding Japanese technology and expertise to developing nations.

Japanese technology, including maintenance techniques for rolling stock, track, and signalling systems, will be utilized at the railway facilities in the project.