From the Philippine Information Agency (Feb 24): PNOY boosts AFP
The Aquino Administration has surpassed efforts of the past three administrations since the enactment of the AFP Moderzation Act in Feb. 1995, Philippine Army Commander, Lt. Gen. Eduardo Año informed.
He said that with the acquisition of P53B worth of equipment in the first three years, the AFP had been on track with its modernization program, with the Philippine Army receiving R4 assault rifles, armored personnel carriers, had-held radios and night fighting equipment and still expected to arrive are trucks, weapons and mortars.
He added that they are also improving facilities to meet the world class standard as part of transforming PA into territorial defense modes.
The modernization program is intended to last for 15 years with an initial funding of P50B in the first five years
http://news.pia.gov.ph/article/view/1231456371686/pnoy-boosts-afp
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