Japan is planning to boost its funding of infrastructure projects in the Philippines, according to the Department of Finance (DOF).
So far, the country has received 1-trillion yen from “The Land of the Rising Sun” for landmark projects under the current administration, but more is on the way.
On Wednesday’s virtual (July 28) “11th Meeting of the Japan-Philippines High-Level Joint Committee on Infrastructure Development and Economic Cooperation,” the DOF said Japanese delegation head Hiroto Izumi shared that Tokyo plans to “expand assistance to the Philippines beyond its 2017 commitment of 1 trillion yen.”
However, Finance Secretary Carlos Dominguez III noted that the Japanese official did not go into detail regarding how much additional official development assistance (ODA) would be given to the Philippines. But Dominguez mentioned that it will be delivered before Duterte’s term ends.
Izumi, who also serves as a special adviser to Japan’s Prime Minister Yoshihide Suga, assured that the infrastructure partnership between Japan and the Philippines will be sustained.
Some of the projects that have been supported by Japan include the Cebu-Mactan Bridge (fourth bridge) and Coastal Road construction, Davao City Bypass construction, Light Rail Transit-2 East Extension, Metro Rail Transit-3 Rehabilitation, North-South Commuter Railway, as well as Parañaque Spillway.
The country also helped the Philippines create the regional development plan for Subic, which was finished on July 27. Similar plans will also be created for Cebu, Davao, and New Clark City.
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