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PIA Press Release
2009/06/22

Tagalog News: Pangulong Arroyo sumaksi sa paglagda ng Japanese ODA loans at grant aid para sa bansa

Manila (22 June) -- Sa kanyang katatapos na pagbisita sa bansang Japan, sinaksihan nina Pangulong Arroyo at Japanese Prime Minister Taro Aso ang paglagda sa dalawang (2) Official Development Assistance (ODA) loan agreements na nagkakahalaga ng $456 million at grant aid package.

Ang loan at grant agreements ay nilagdaan sa pagitan nina Foreign Affairs Secretary Alberto Romulo at Japanese Ambassador to the Philippines Makoto Katsura pagkatapos ng bilateral meeting sa pagitan nina Pangulong Arroyo at Prime Minister Taro Aso.

Kabilang sa dalawang ODA loan projects ang P7.77 billion Agricultural Credit Support Project (ACSP) at P16.16 billion Logistics Infrastructure Development Project (LIDP) na ipapatupad sa ilalim ng 27th Yen Loan Package. Ang grant aid naman na nagkakahalaga ng P489 million ay ilalaan para sa Food Disaster Mitigation Project sa Camiguin Island.

Ang nabanggit na mga proyekto ay ipapatupad simula ngayong taon hanggang 2014 at magtatapos sa loob ng tatlumpung taon na mayroong 10-year grace period sa 1.4% interest per annum. (Abbenal/PIA 12) [top]

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