MANILA – China will increase infrastructure assistance to the Philippines under “corruption-free” agreements, as ties between the two countries improved under President Rodrigo Duterte, Beijing’s envoy said Friday.
The Chinese government hopes Duterte will secure “emergency powers” to speed up his infrastructure overhaul, Ambassador Zhao Jianhua said, adding a new government would bring “uncertainty.”
Zhao said investments and loans from China in the coming years will be “even greater” than Beijing’s earlier commitment of $6 billion in soft loans and a $3-billion credit line.
“We will try to make sure these projects are going to be corruption-free,” Zhao said in a televised speech from Davao City.
Allegations of corruption scuttled previous infrastructure deals with China, including the $500-million Northrail, which will connect the capital to provinces in the north, and a $329-million national broadband network.
“There is a very strong sense of urgency. As you all know, the infrastructure projects, they cannot be done overnight,” he said.
“We must hurry. We have to get it done within the presidential term. We are quite afraid of taking up projects that go beyond the presidential term. That will mean a lot of challenges and uncertainties,” he said.
Zhao said there was a “strong possibility” that the Philippines and China will break ground on three projects, including a train line from Manila to Legazpi City.
The Philippines offered 40 projects to China, 15 for financing and 25 others for assistance with feasibility studies, he said.
WASHINGTON — Secretary of State Mike Pompeo has authorized the release of $1.2 billion in U.S. military assistance to Egypt, despite human rights concerns that have held up previous funding. The … [Read More...]
The United States has reportedly agreed to resume a firearm sale to the Philippines but President Duterte might not take the offer anymore. The President said he was not interested with the US … [Read More...]
Viral social media posts showing military tanks rumbling through EDSA have caused panic among netizens amid destabilization and martial law reports , but the Armed Forces of the Philippines (AFP) said … [Read More...]
MANILA -- Extensive examination is still being conducted on the Philippine Navy (PN) flagship, BRP Gregorio del Pilar (FF-15), that ran aground off Hasa-Hasa (international name Half-Moon) Shoal in … [Read More...]
DAVAO CITY — President Rodrigo Duterte said he had acquired “some arms” during his recent trip to Israel and Jordan but did not give details. “May nakuha ako doon. Hindi ko sabihin kung anong … [Read More...]
THE TWO AH-1F COBRA ATTACK HELICOPTERS BEING DONATED BY JORDAN TO THE PHILIPPINES PART OF 16 COBRA HELICOPTERS DONATED TO JORDAN BY ISRAEL IN 2015. A long-held suspicion that everyone was already … [Read More...]