The Philippines is on a roll, there is no way for us but to
improve and progress as a nation.
Last week the country was a witness in the State visit of
president Xi Jinping of China, a healthy sign of the warm, friendly, and
healthy bilateral nations between China and the Philippines.
On that state visit alone, record setting 29 agreements
between both countries have been signed encompassing many aspects or fields
that would help the country achieve its dream of progress.
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| Foreign Affairs Secretary Teodoro Locsin Jr., H.E. Ambassador of Japan to the Philippines Koji Haneda (photo credit o Manila Bulletin) |
And as if that is enough, the Duterte administration follows
that with another milestone in the field of international relations and now
with ally and good friend of the country – Japan.
Japan and the Philippines just signed a 205 billion yen
(approximately P95 billion) loan that will involve railways and river projects
aimed to poromote sustainable economic growth, overcoming vulnerability to
various risks, as well as stabilizing and fortifying bases for human life and
production in the country.
Foreign Affairs Secretary Teodoro Boy Locsin Jr. and
Japanese Ambassador Koji Haneda signed and exchanged notes on the
multi-billion yen loans, this was the result of the Sixth Meeting of the
Philippines-Japan Joint Committee on Infrastructure Development and Economic
Cooperation in Manila the other day.
North-South
Commuter Railway Extension Project (I) :
it run along the length of the railway from Tutuban to
Calamba in Laguna (South Section), and from Malolos to Clark International
Airport in Pampanga. This consists of a total extension of 109 kilometers.
The extension will address and improve “the connectivity
between Manila and the surrounding areas, ease the heavy traffic congestion,
and promote the convenience of the general public through fast, safe, and
comfortable public transportation system.”
The Asian Development Bank (ADB) and Japan, will extend
financing assistance and will make use or utilize Japan’s extensive railway
knowledge, technology, and experience. This loan alone will be about 167
Billion yen ( approximately P78 billion)
The Pasig-Marikina
River Channel Improvement Project (Phase IV):
The Philippines will benefit tremendously because the
project will utilize Japan’s world
famous disaster prevention technology and will include and not limited to major
works such as dredging and construction of dikes, control gate structure, and
revetment along the Pasig-Marikina river walls.
The project aims to mitigate flood damage in lowland areas
of Metro Manila, combined with its Phase I (development of detailed design),
and Phases II and III, which implemented river improvement works.
Total loan amount allotted for this project will reach up to
38 billion Yen (P18 billion pesos).
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