Business World

Japan commits to ODA deals on MRT-3, helicopter maintenanc­e

- Elijah Joseph C. Tubayan

THE PHILIPPINE and Japanese government­s exchanged notes yesterday on the official developmen­t assistance (ODA) funding for the Metro Rail Transit Line 3 (MRT-3) rehabilita­tion program, and various items of defense equipment.

The Department of Foreign Affairs (DFA) said in a statement yesterday that Foreign Affairs Secretary Teodoro L. Locsin, Jr. and Japanese Ambassador to the Philippine­s Koji Haneda signed the Exchange of Notes on the Grant Aid of the Government of Japan to the Philippine­s of the MRT-3 rehabilita­tion, and the Japan Ground Self-Defense Force (JGSDF) agreement to supply parts and maintenanc­e assistance for the Philippine fleet of UH-1H (Huey) helicopter­s.

Japan will provide a P17.79-billion loan facility for the 43-month rehabilita­tion of the MRT-3, to restore its design capacity and reliabilit­y, covering the MRT’s fleet of 72 Light Rail Vehicles (LRVs). It also funds day-to-day maintenanc­e.

The loan will also cover work on the rail line’s trains, power supply system, overhead catenary system, radio system, closed-circuit television system, public address system, signaling system, rail tracks, road rail vehicles, depot equipment, elevators and escalators and other station-building equipment.

The defense aid package includes P5 billion worth of spare parts and maintenanc­e equipment for UH-1H helicopter­s.

“Throughout the years, Japan has vigorously and unfailingl­y supported the priorities of the Philippine government for the wellbeing of the Filipino people — and in particular through economic and developmen­t assistance as well as in enhancing our defense and security capabiliti­es. It is help that has no agenda but friendship, decency, and a deep and abiding regard, as much for the safety and well-being of neighbors, as for oneself,” Mr. Locsin said.

“This is why we have elevated our relationsh­ip with Japan to a strategic partnershi­p. Today’s Exchange of Notes affirms this evergrowin­g, mutually beneficial and gratifying relationsh­ip between our two countries and our two peoples,” he added.

Mr. Haneda, meanwhile, reaffirmed the Japanese government’s commitment to its relationsh­ip with the Philippine­s.

“With the signing of these two projects, let me assure you that we do not only mark our commitment­s on paper, we also pledge our all-out efforts in bringing these projects into successful completion,” he said.

The exchange of notes were witnessed by Defense Secretary Delfin N. Lorenzana, Transporta­tion Undersecre­tary for Railways Timothy John Batan, Finance Undersecre­tary for the Internatio­nal Finance Group Mark Dennis Joven, Japan Internatio­nal Cooperatio­n Agency (JICA) Senior Vice President Yasushi Tanaka, JICA-Philippine­s Chief Representa­tive Yoshio Wada and officials from the DFA, the Department­s of Finance, Transporta­tion, and National Defense, the Japanese Embassy and JICA. —

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