Philippine and Japanese officials are slated to meet in Cebu this coming Monday to discuss the progress of the government’s “Build, Build, Build” infrastructure program.
Through an e-mailed statement, the Department of Finance (DOF) affirmed that the Philippines-Japan High-Level Committee on Infrastructure and Economic Cooperation will take place in Mactan, Cebu on February 19. This is the fourth dialogue between two countries since last year.
The Philippine delegation will be led by Finance Secretary Carlos Dominguez III while the Japanese delegation will be led by Dr. Hiroto Izumi, the Special Adviser to Japan Prime Minister Shinzo Abe.
“After the meeting, officials from the two sides are expected to sign the record of discussions and other documents related to the commitment on infrastructure cooperation between the Philippines and Japan,” the DOF said.
Dominguez has earlier signed a 15.93-billion yen loan agreement with the Japan International Cooperation Agency (JICA) for a flood control project in Cavite.
Other projects to be funded from Japan are the $89-million loan for the Arterial Road Bypass Project (Phase III), and the $22.2-million grant for the Non-Project Grant Aid for the Economic and Social Development Program.