Foreign Affairs Secretary Albert del Rosario and Japanese
Ambassador to the Philippines Kazuhide Ishikawa signed and exchanged notes on
four Official Development Assistance (ODA) grant projects amounting to JPY
2.789 billion or about Php1.195 billion and two yen loan projects amounting to
JPY 19.5 billion or approximately Php8.356 billion.
Finance Secretary Cesar Purisima and Japan International
Cooperation Agency Chief Representative Noriaki Niwa also signed the two yen
loan agreements.
The Grant Aid program for the Project for Community
Development in Conflict-Affected Areas in Mindanao worth JPY 1.117 billion will
be implemented by the Department of Agriculture to promote conflict prevention
and peace-building in the Philippines ,
particularly in Mindanao .
To support the hydropower development program of the
government and help attain its “Renewable Energy Policy Framework” target, Japan ’s Grant Agreement for Mini-Hydropower
Development Project in the Province
of Ifugao
It will be implemented by Department of Energy to determine
the technical feasibility and economic viability of hydropower projects along
irrigation canals administered by the National Irrigation Administration.
A JPY 250-million Non-Project Grant Aid will fund
small-medium enterprises and support the procurement of weather, rainfall and
river observation systems by the country’s weather bureau.
Another Non-Project Grant Aid worth JPY 500 million will
fund the acquisition of disaster risk reduction equipment and facilities and at
the same time aid the Philippine National Police (PNP) in responding and
adapting to climate change and disasters.
Two Yen Loan Programs have been provided for the Metro
Manila Interchange Construction Project (MICP) Phase VI worth JPY 7.9 billion
or about Php3.345 billion and the Flood Risk Management Project (FRMP) for
Cagayan de Oro River worth JPY 11.6 billion or Php5.011 billion.
The MICP’s objective is to alleviate serious traffic
congestion and enhance transportation capacity and efficiency around Metro
Manila through interchange/flyover construction, thereby contributing to
socio-economic development of Metro Manila and the surrounding suburbs.
FRMP, on the other hand, aims to mitigate flood risk in
Cagayan de Oro River Basin through the construction of new dikes and
improvement of existing bridges in Cagayan de Oro, among others.
Its assistance, through loans, grants and technical cooperation, covers a wide range of areas, including public works, socio-economic infrastructure, transportation and communications, agriculture, and capability-building, among other areas.
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