12 infrastructure projects set up for scholarships for Chinese auxiliary agencies

The new Chinese aid agency looked at grants to finance the feasibility studies for 12 infrastructure projects under the Build, Build, Build & # 39; from the Duterte administration.

In a statement from yesterday, the Ministry of Finance also revealed that the Chinese International Development Cooperation Office (CIDCA) would grant a $ 13.4 million grant for the feasibility study of the Guimaras, Negros and Panay bridge project. connect islands in Visayas.

Finance Secretary Carlos G. Dominguez III and the Government's economic and infrastructure teams met with Cidca President Wang Xiaotao last week in Beijing.

The DOF quoted Wang as saying that the Philippine delegation was "the first high-level delegation" received by the Chinese aid organization since its establishment in April last year.

"This really shows that China attaches great importance to promoting its bilateral relations with the Philippines," Wang told Filipino officials.

Socio-economic planning Secretary Ernesto M. Pernia presented to Wang the 12 large-scale infrastructure projects for Chinese subsidies.

The projects are the future phases of the Mindanao railway; Bohol-Leyte Link bridge; Cabadbaran Small Reservoir Irrigation Project; Camarines Sur-Catanduanes Friendship Bridge; Cebu-Bohol Link bridge; Dinagat (Leyte) -Surigao Link bridge; Ipo Dam No. 3; Development of the east coast of Luzon; Luzon-Samar (Matnog-Alen) bridge; Negros-Cebu Link Bridge; Port Irene Development-Navigational Channel; a river basin and river basin management project in Camarines Sur.

"These projects are selected on the basis of the geographical spread, the size of the investment need and the focus of the Duterte administration on connectivity, rural development and disaster prevention, among other things:" Pernia was quoted by the DOF during the meeting.

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