Duterte administration’s economic team will be in Tokyo on September 25 to 26 to discuss with Japanese officials ways of speeding up the implementation of the Duterte administration’s flagship infrastructure projects for possible funding by Japan, the Department of Finance (DOF) said.
The meeting will be the third Philippines-Japan High-Level Committee on Infrastructure and Economic Cooperation since the first meeting in March also in Tokyo. The second was held in July in Manila.
According to Finance Secretary Carlos Dominguez III the third high-level committee meeting will focus on ways to speed up the processing and implementation of timelines of the flagship infra projects that are being eyed for possible Japanese financing.
Director General of the National Economic and Development Authority (NEDA) Socioeconomic Plannin Secretary Ernesto Pernia said that the Philippines presented these projects during the high level committee meeting in July for possible Japanese financing: 1) Malitubog-Maridagao Irrigation Project Phase II, 2) Metro Manila Subway Project Phase I, 3) Malolos-Clark Railway Project, 4)Cavite Industrial Area Flood Management Project, 5) Dalton Pass East Alignment Alternative Road Project, 6) Road Network Development Project in Conflict-Affected Areas in Mindanao, 7)Circumferential Road 3 Missing Link Project, and 8) the Pasig Marikina Channel Improvement Project (Phase IV).
“We want to discuss with them how we can fast-track the process of implementing the projects,” Dominguez said.
The team will also meet potential Japanese investors to present vibrant prospects for the Philippine economy.
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