BSP okays $235.6M worth of ODA from Japan, S Korea
The Bangko Sentral ng Pilipinas (BSP) has approved $235.6 million worth of official development assistance (ODA) from
The BSP approved three separate projects funded under the 27th yen loan package of
BSP Governor Amando M. Tetangco Jr. said the Monetary Board approved an equivalent of $65.5 million for phase 3 of the Pinatubo Urgent Hazard Mitigation Project and another $99.2 million for phase 3 of the Agrarian Reform Infrastructure Support Project.
According to Tetangco, these two projects would be funded out of the 27th yen loan package through the Japan Bank for International Cooperation (JBIC).
Tetangco said that based on the final loan papers approved by the Monetary Board, the Pinatubo project would support the government’s recovery efforts in
The Agrarian Reform Infrastructure Support Project (ARISP-Phase III) on the other hand, would finance agrarian-reform related livelihood and infrastructure projects.
Tetangco said the Monetary Board also approved the loan from the Eximbank of Korea and the Economic Development Cooperation Fund of Korea amounting to an equivalent of $70.9 million, a mixed credit facility for the Laguindingan Airport Development Project.
The new airport would serve the growth corridor covering the provinces of Bukidnon, Misamis Oriental, Lanao del Norte, Lanao del Sur, and the island
According to the Department of Transportation and Communication, the main civil works for the airport would involve the construction of the runway and the buildings for new passenger and cargo terminals, air traffic control tower/operation, maintenance, power house, administration, cold water receiving station, fuel farm, and waste water treatment plant.
The airport would be constructed on a 400-hectare property in Laguindingan, with Ayala Land Corp. donating 94 hectares.
- Latest
- Trending