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Home>>Daily News>>Philippines>>Economy >>PHL to use $202-M ODA from Japan for roads in Mindanao conflict areas
NEWS UPDATES Asean Affairs   February 18, 2019  






PHL to use $202-M ODA from Japan for roads in Mindanao conflict areas

The government of Japan is set to lend the Philippines $202 million to develop a road network in conflict-affected areas in Mindanao, the Japan International Cooperation Agency (JICA) said Friday.

The Philippine government and JICA will sign an agreement covering the official development assistance within the first quarter of the year, JICA chief country representative Yoshio Wada told GMA News Online on the sidelines of a groundbreaking ceremony for the Philippine National Railways Tutuban-Malolos segment  in this city.

Japanese Foreign Minister Taro Kono and Philippine Foreign Affairs Secretary Teodoro Locsin Jr. signed and exchanged notes on February 10 in Davao City, to pave the way for the $202-million ODA.

“We are expecting the loan agreement to be concluded very soon...” Wada said. “We hope to start the project within this year.”

This project is estimated to be utilized by local residents in 2026.

The road network is envisioned to enhance transportation capacity and efficiency by building and improving access roads to arterial roads that connect to main cities in Mindanao.

The loan carries an interest rate of 1.05 percent and a 25-year repayment term that includes a seven-year grace period, according to the project’s brief.


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ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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