PH to receive $8.66 billion package aid from Japan

Japanese Prime Minister Shinzo Abe waves as he leaves to Indonesia at the Tokyo International Airport in Tokyo on April 21, 2015. Abe will attend the Asian-African Summit in Jakarta.  AFP PHOTO / JIJI PRESS    JAPAN OUT        (Photo credit should read JIJI PRESS/AFP/Getty Images)

A 1 trillion yen ($8.66 billion) aid package for the Philippines from Tokyo will spread over five years, Japanese Prime Minister Shinzo Abe is yet to announce it during his state visit to the country beginning on Thursday, January 12.

Asian Review news said the aid package is one of Japan’s largest directed at a single country, quoting a senior government official.

The official said the money combines official development assistance and private-sector investments, which will be directed toward infrastructure projects such as building subways and electric power systems for the country’s regional cities.

“A panel of government officials from both countries will be formed to help carry out the infrastructure investments. Japan also will help establish rehabilitation facilities to support President Rodrigo Duterte’s effort to eradicate drug use,” the report said.

Further, Abe also aims to “prevent China from getting too close to Duterte” according to the report.

Abe has arrived on Thursday at about 3p.m. in Manila to begin his two-day official state visit. He is accompanied by his wife, First Lady Akie Abe.

In talks with China, Duterte avoided explicitly referencing the U.N.-backed ruling that found China’s claims to the South China Sea groundless.

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