Philippines, Japan finalize JPY 3.56 billion grants for infrastructure

The Philippine and Japanese governments have formally exchanged notes on JPY 3.56 billion (USD 32.14 million) worth of grants for the establishment of a proposed railway institute, as well as peace-building efforts in Mindanao, the Department of Finance said.
According to the DOF, Philippine Ambassador to Japan Jose Laurel and Japanese Ambassador Koji Haneda met for the exchange of notes for the JPY 1.2 billion (USD 10.83 million) grant assistance for the provision of train simulators to be used by the proposed Philippine Railway Institute.
They also exchanged notes on the JPY 1.8 billion (USD 16.25 million) grant for the construction of Technical Education and Skills Development Authority (TESDA) training centers in Marawi City, Basilan and Sultan Kudarat under the program for the urgent improvement of socioeconomic infrastructure in the Bangsamoro region, and another JPY 560 million (USD 5.05 million) grant for the provision of well-drilling machines and underground water detecting machines under the Economic and Social Development Program.

 


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