Category : Press Release
Date : February 12, 2018
Agency : Department of Finance
Title : Dominguez cites "fast and sure" implementation of Japan-funded PRRD infra projects
Article : LAPU-LAPU CITY—Finance Secretary Carlos Dominguez III cited Monday the progress of the discussions on infrastructure and economic cooperation between the Philippines and Japan, which, he said, demonstrate the strong commitment of the two countries to the “fast and sure” implementation of the Duterte administration’s flagship infrastructure projects.

Dominguez said this latest meeting today of the Philippines-Japan High Level Committee on Infrastructure and Economic Cooperation, which is the fourth to be held since March 2017, has already addressed several concerns in only a short period of time.

“I am convinced that, through our regular meetings, both our governments are prompted to deliver on our commitments and are encouraged to think of more innovative measures to improve our cooperation,” Dominguez said at the opening of the High-Level Committee meeting here at the Shangri-La’s Mactan Resort and Spa.

Dominguez and Secretary Ernesto Pernia of the National Economic and Development Authority (NEDA) both chair the Philippine delegation to the high-level meeting, which also includes key members of the government’s “Build Build Build” infrastructure team, while the Japanese side is led by Dr. Hiroto Izumi, the Special Advisor to Japanese Prime Minister Shinzo Abe.

Dr.Izumi, in his opening remarks, said “Japan intends to contribute to the fast development of the Philippines.”

“We are pleased to provide ‘fast, fast, fast’ (implementation) and share cooperation,” Dr. Izumi said.

On behalf of the Philippine delegation, Dominguez also expressed appreciation for the “focused and open” discussions between the two countries during the meetings of the high-level committee, “signifying our closer cooperation and our strong commitment to a ‘fast and sure’ project implementation.”

“As a result of these high-level meetings, our various agencies have been coordinating on a regular basis to implement our joint actions,” Dominguez said.

With Japan as a partner to complement the Philippine government’s economic growth strategies, Dominguez said the Duterte administration aims to build safe and resilient structures and communities through the use of Japanese technologies and expertise.

Prime Minister Abe, during his first visit to the Philippines in January 2017 and later when President Duterte visited Tokyo in October of the same year, affirmed his intention to contribute one trillion yen ($9 billion) to the Philippines in the form of official development assistance (ODA) and investments for the next five years.

“We are grateful for the Prime Minister’s affirmation of the commitments that we have reached in our high level meetings and the support to our long-term plans,” Dominguez said.

Underscoring Japan’s commitment to support the country’s infra buildup, Dominguez noted that several development projects here in Cebu, such as the Second Mandaue-Mactan Bridge, Mactan International Airport, and Cebu South Reclamation benefited from Japanese funding.

For today’s meeting, the flagship infrastructure projects proposed for Japan ODA financing; the project processing and implementation timetables; the proposed concrete actions to address bottlenecks; the Marawi reconstruction and rehabilitation efforts; and the proposed sectoral cooperation were discussed.

Three documents are also expected to be signed today between the Philippines and Japan: 1) the Record of Discussions of the meeting; 2) the Memorandum of Cooperation among the Bases Conversion and Development Authority (BCDA), Japan Overseas Infrastructure Investment Corporation for Transport and Urban Development (JOIN), and Surbana Jurong for the “New Clark City”; and 3) the Memorandum of Cooperation between the Department of Information and Communications Technology (DICT) and Japan Ministry of Internal Affairs and Communications for the “Technical Assistance for the National Broadband Plan”.

Aside from Dominguez and Pernia, the Philippine side was also represented by Secretaries Benjamin Diokno of the Department of Budget and Management (DBM), Arthur Tugade of the Department of Transportation (DOTr), Mark Villar of the Department of Public Works and Highways (DPWH), Eliseo Rio, Jr. of DICT; National Security Adviser Hermogenes Esperon; Undersecretaries Jesus Cristino Posadas of the Department of Energy (DOE) and Falconi Millar of the Housing and Urban Development Coordinating Council (HUDCC); and Vivencio Dizon, president-CEO of BCDA.

The Japanese delegation included Shigeru Kiyama, Special Adviser to the Cabinet; Director-General Kazuya Nashida, Ministry of Foreign Affairs; Director-General Seiji Takagi, Ministry of Internal Affairs and Communication; Deputy Director-General Yasuhiro Yukimatsu, Cabinet Office; and Deputy Director-General Kazuhisa Kobayashi, Ministry of Economy, Trade and Industry.

Assistant Vice-Minister Koichiro Kakee, Ministry of Land, Infrastructure, Transport and Tourism; Director General Yasushi Tanaka, Japan International Cooperation Agency; Director-General Fumio Suzuki, Japan Bank for International Cooperation; and Ambassador Koji Haneda, Embassy of Japan also represented the Japan side.