From the Philippine News Agency (Dec 22): DND to tailor equipment list to fit into Chinese 100-M yuan grant
Department of National Defense (DND) Secretary Delfin Lorenzana said they are now tailoring the list of equipment which they intend to acquire under China's one-time grant worth 100 million yuan.
“We at the DND and Armed Forces of the Philippines are still preparing our list,” he added.
“We do not know yet the quantities, but we are looking at fast boats, drones, night vision goggles, and communications equipment," Lorenzana stressed.
One hundred million yuan is worth USD14 million or around PHP720 million.
The grant was announced following the meeting of President Rodrigo Duterte with Chinese ambassador to the Philippines, Zhao Jianhua last Dec. 19 at the Malacañang Palace in Manila.
The Chinese envoy conveyed that the grant is China’s support to the President’s war on illegal drugs and terrorism.
The Chinese government also offered a low-interest long-term loan amounting to USD500 million.
Lorenzana said the DND will study the offer vis-à-vis the current AFP Modernization Program.