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March 23, 2017, Thu, 12:20 PM
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China keen on funding major projects in Mindanao region

by UNTV News and Rescue   |   Monday, March 20th, 2017

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Chinese Vice Premier Wang Yang

Chinese Vice Premier Wang Yang

Chinese Vice Premier Wang Yang made a courtesy call to President Rodrigo Duterte in Davao City last Friday where the two leaders agreed to bolster ties between the two nations.

On Saturday, several local officials presented to Wang some major projects for Davao City and Mindanao.

These include the Davao City Expressway Project, Coastal Road, Coastline and Port Development Project, the Mindanao Railway Project and the development of Davao International Airport.

“They are still up to be offered to our investors either thru PPP (Public-Private-Partnership) or thru official development assistance,”  said NEDA Region 11 Director, Maria Lourdes Lim.

Davao City councilor Danilo Dayanghirang said, “The Chinese government is really committed.  They have a time bounded direction that may result in some infrastructure development of the city,” said .

NEDA Region 11 Director Maria Lourdes Lim said that of the five projects, the development of Davao Airport is the only one approved by the NEDA board, while the other projects are still under evaluation.

“The ambassador will be coming back later this month and a mission will be sent by the Vice Premier next month to look into the details the preparation, terms of reference and other exploratory, preparatory activities in time for the visit of President Duterte to Beijing in May.” NEDA Region 11 Director Lim said.

As for the Mindanao Railway Project, the Digos-Davao-Tagum segment will be the first to be constructed.

NEDA clarified that the said projects are open to other interested foreign investors or the private sector and not only to China. – Victor Cosare | UNTV News & Rescue

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