Business World

Japan official dev’t assistance deal for Marawi rehabilita­tion signed

- Joseph C. Tubayan Elijah

THE government has signed an official developmen­t assistance (ODA) grant agreement with Japan for the rehabilita­tion and reconstruc­tion of Marawi City worth 2 billion yen, or nearly P970 million.

Finance Secretary Carlos G. Dominguez III signed the grant agreement representi­ng the Philippine­s while Yoshio Wada, the chief representa­tive in the Philippine­s of the Japan Internatio­nal Cooperatio­n Agency (JICA), was the Japanese signatory.

“The ODA in the form of grant aid assistance will be given mainly to infrastruc­ture projects identified under the Comprehens­ive Rehabilita­tion and Recovery Program of the Task Force Bangon Marawi which includes local governance and peace building, housing ang settlement, livelihood and business developmen­t, physical infrastruc­ture, social services, and land resources management,” JICA said in a statement yesterday

Mr. Dominguez, meanwhile, said that the government has so far identified about 902 rehabilita­tion projects costing about P55 billion.

He added that “close to half” of the required funding will be sourced from the National Disaster Risk Reduction and Management Project Fund, while other sources will include various government

agencies, the Autonomous Region in Muslim Mindanao (ARMM), the city government of Marawi, nongovernm­ent organizati­ons, developmen­t partners, and the private sector.

Housing and Urban Developmen­t Coordinati­ng Council Chairman Eduardo del Rosario said that the task force expects to conduct a groundbrea­king ceremony for rebuilding projects on June 16.

Similar to the relief efforts for victims of Typhoon Yolanda, the government

is also considerin­g a “pledging session” where projects will be presented to lending agencies to raise more funds for the redevelopm­ent of the city.

Mr. Dominguez also said that the government will float retail treasury bonds to finance projects in Marawi City. “We think every Filipino will want to share in the rehabilita­tion of Marawi.”

“We can assure everybody is that these funds will be properly used and prudently used and will not be subject to graft or corruption. We are very hopeful that just like Japan and other countries will respond positively to our offer for them to participat­e in the rehabilita­tion and reconstruc­tion of Marawi,” Mr. Dominguez added.

According to the Department of Finance ( DoF), this is the fourth aid package provided by Japan for rehabilita­ting Marawi City following the turn over of heavy equipment and other technical assistance inked last year— bringing the total aid from Japan at $ 36 million.

“I would like to assure the ambassador and the chief representa­tive of JICA that we are very keenly aware that these funds come from the taxpayers of Japan, and that we will honor them by not wasting those funds,” Mr. Dominguez said.

“On behalf of the Philippine government, I express profound gratitude for the generous support by the government of Japan to the great task of rebuilding the City of Marawi,” he added.

Mr. Wada said: “As the Philippine­s’ trusted partner in developmen­t for many years, JICA offers its support to the reconstruc­tion of Marawi so the people of Marawi can get back on their feet and restore hope for a better life after the conflict.

Japan has also agreed to provide 1.1 billion yen, or about $9.8 million, to co-fund core shelters and livelihood training for Marawi City’s residents with the United Nations Human Settlement Programme, and $2 million worth of assistance to help the relief operations of the UN World Food Programme and the UN Internatio­nal Children’s Fund in Marawi.

The DoF said that JICA is also currently financing a feasibilit­y study for the constructi­on of a Road Network Developmen­t Project in Conflict-Affected Areas in Mindanao, which include road components in Marawi City.—

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