MANILA - Philippine Finance Secretary
Carlos Dominguez has hailed the "significant progress" made in the
implementation of Philippine infrastructure projects funded with Official
Development Assistance (ODA) from China, a statement said on Wednesday.
In a recent visit to China, Dominguez provided updates on the
"Build, Build, Build" infrastructure projects that are being
implemented by the Duterte administration with funding support from China at a
meeting with a senior Chinese official.
Dominguez was referring to the two bridge projects that will
help ease traffic in Metro Manila, the Binondo-Intramuros and
Estrella-Pantaleon Bridges being implemented by the Department of Public Works
and Highways (DPWH) of the Philippines with the grant of $63.13
million from China.
Dominguez also thanked China for providing concessional loan
financing for the Chico River Pump Irrigation project and the New Centennial
Water Source-Kaliwa Dam project.
China has extended a $62.09-million loan for the Chico river
irrigation project and a $211.21-million loan for the construction of the
"We have been meeting with the Ministry of Commerce of
China for the past two years, and we have made a lot of progress with our
actual official development assistance relations with China," Dominguez
said in the statement.
Dominguez said the Philippines and China are also working
towards the implementation of two rail projects, the Subic-Clark Railway
project in the Philippine Luzon island and the Mindanao Railway project in
The Davao-Samal Bridge project in Mindanao and the
Panay-Guimaras-Negros Bridge project in Western Visayas are also two other
projects in the pipeline for possible Chinese financing, Dominguez added.
"We want to assure you that the funds provided by the
Chinese people through the Chinese government are going to be used to the
benefit of the Filipino people," Dominguez said.