(Eagle News) — The Philippines has signed a $202.04-million loan agreement with Japan for the financing of the construction and improvement of roads in Mindanao’s conflict-affected areas, including the war-torn city of Marawi.
According to the Department of Finance, quoting the Japan International Cooperation Agency, the amount includes funding for consulting services and civil works covering 176.6 kilometers of access roads, including 19.8 km of the Marawi Ring Road and 23 km of the Marawi Trans-Central Road.
Finance Secretary Carlos Dominguez, who signed the agreement for the Road Network Development Project in Conflict-Affected Ares in Mindanao, said with the loan, which is equivalent to 21.92 billion yen, the government aims to reduce poverty in its communities by linking them to Mindanao’s trade centers.
Representing the Japanese government was JICA’s Senior Vice President Yasushi Tanaka.
