- The Japanese government has offered financial and technical assistance in the Marawi rehabilitation
- This was announced during the PH-Japan infrastructure committee meeting held in Cebu on Monday
- The Marawi project forms part of the ¥1 trillion ($9 billion) in official development assistance Prime Minster Shinzo Abe earlier pledged for the country
MANILA, Philippines – The Japanese government has offered financial and technical assistance in the ongoing rehabilitation of Marawi City which was ravaged by months-long siege by terrorist group Maute last year.
According to Finance Secretary Carlos Dominguez, Japan is more than willing to help the Philippine government in rebuilding Marawi and would provide equipment, aside from the financial help Prime Minister Shinzo Abe earlier vowed to extend.
This was announced during the Philippines-Japan High-Level Committee on Infrastructure and Economic Cooperation meeting held in Mactan, Cebu on Monday, February 12.
After the ASEAN Summit which was held in Manila last November, Abe made an official visit to the country and witnessed the signing of agreement between the two countries including the Exchange of Notes for the JPY104.5 billion loan (about $929.1 million) aimed at funding the first tranche of loan requirements for the construction of the Metro Manila Subway Project (Phase 1) of the Department of Transportation (DOTr).
Aside from this, Manila and Tokyo also signed the JPY9.399 billion loan ($89 million) for the Arterial Road Bypass Project (Phase III) of the Department of Public Works and Highways (DPWH) in Plaridel, Bulacan; and the JPY2.5 billion ($22.2 million) grant for the Non-Project Grant Aid for the Economic and Social Development Programme, which will benefit the Philippine Coast Guard’s anti-terrorism efforts and rehabilitation program for Marawi City, also to be supervised by the DPWH.
In Cebu on Monday, Dominguez represented the Philippines and signed other loan agreements including the flood-mitigating project in Cavite worth 15.93 billion yen (approx. $142 million).
The Marawi project forms part of the ¥1 trillion ($9 billion) in official development assistance (ODA) and investments to the Philippines over the next five years which Abe promised during his first official visit to Manila in January 2017.