The Philippines and China have signed six bilateral agreements which include feasibility studies for two huge projects under President Rodrigo Duterte’s “Build Build Build” program.
On Thursday (October 24), The Department of Finance (DOF) said Chinese Vice Premier Hu Chunhua and Philippine officials, led by Finance Secretary Carlos Dominguez III, witnessed the signing and exchange of the following bilateral documents:
· Feasibility study for the Davao City Expressway Project conducted by CCCC Highway Consultants Co., Ltd., and funded by grant financing from the Chinese government.
· Feasibility study for the Panay-Guimaras-Negros Island Bridge Project, which was also conducted by CCCC Highway Consultants Co., Ltd., and funded by a grant from the Chinese government.
· The Philippine Radio Equipment Project, which provides for the Chinese donation of broadcasting equipment to the Philippine Broadcasting Service (PBS) of the Presidential Communications Operations Office (PCOO). The donation includes, among others, live broadcast room equipment, FM broadcast transmitter equipment, and medium wave transmitter equipment.
· The China-Aid Container Testing Equipment covering the donation of four sets of Mobile Container/ Vehicle Inspection System and two sets of CT Scan Inspection System to the Bureau of Customs (BOC).
· The implementation of the Marawi Sports Complex and Central Market Projects as part of the reconstruction program for the devastated city of Marawi through an exchange of letters between Secretary Villar and Deng Boqing, the Vice Chairman of the China International Development Cooperation Agency (CIDCA).
· The Protocol on Phytosanitary Requirements for the Export of Avocado from the Philippines to China, which was signed andexchanged between Agriculture Secretary William Dar and Zou Zhiwu, the Vice Minister of General Administration of Customs of China (GACC).
Dominguez has expressed his gratitude to Vice Premier Hu and the Chinese government for their unwavering assistance and cooperation especially in implementing the Duterte administration’s priority projects.
Meanwhile, Vice Premier Hu said, “I’ll be happy to work together with you, Mr. Secretary, to implement the important consensus of our two heads of state and to promote the better development of our cooperation.”
The DOF said the Philippines has also secured a total of $430.82 million worth of grants from China since 2016.—AAC