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Priority for 8 infra projects

FILIPINO and Chinese government officials cited the need to prioritize eight infrastructure projects under cooperation initiatives that Manila will be implementing in partnership with Beijing, the Finance Department said in a statement Monday.

Chinese Commerce Minister Zhong Shang told the Philippine delegation led by Finance Secretary Carlos Dominguez III in a meeting in Beijing the eight projects must be prioritized so that substantial progress would have already been made by the time Premier Li Keqiang visits Manila in November.

These projects are the Binondo-Intramuros bridge and the Estrella-Pantaleon bridge in Manila funded by Chinese grants; the Chico River Pump Irrigation Project in Cagayan and Kalinga provinces and the New Centennial Water Source-Kaliwa Dam Project; two drug rehabilitation facilities; the Elevated Expressway in Davao City; and the construction of an industrial park.

Dominguez said the Philippine government was looking forward to the visit of Premier Li Keqiang to Manila for the 31st Asean Summit and Related Meetings in November as this “will further strengthen our bilateral relationship and capability to work together for mutual beneficial cooperation.” 

 

Topics: Economy
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