Press Release
June 14, 2019

STATEMENT OF SENATOR WIN GATCHALIAN ON THE $202.04-MILLION JAPAN INFRA LOAN DEAL

The Philippines is set to enter a $202.04-million infrastructure loan agreement with Japan next week, to boost the government's efforts to revitalize Mindanao's local economy, particularly in conflict-hit areas. The foreign loan is said to be earmarked for the rehabilitation and improvement of the 178.43-kilometer road network in the Autonomous Region in Muslim Mindanao and neighboring regions.

Again, we need to remind the government to continue to exercise greater transparency on the multimillion-dollar loan agreement it entered into with Japan by uploading details of these new investments in the Department of Finance's website as soon as the agreement has been signed.

Importante na malaman ng taumbayan ang buong detalye ng mga kasunduang pinapasok ng gobyerno para masiguro ang mga ito ay mapapatupad at magagamit sa wastong paraan. Sa bahagi naman ng lenders, ito ay magbibigay kasiguraduhan na ang perang hiniram sa kanila ay may basehan at hindi mapupunta sa mga ghost projects.

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