China aid sought for 40 infrastructure projects

ABS-CBN News

Posted at Jan 25 2017 02:27 PM

MANILA - The Philippines sought Chinese assistance for 40 infrastructure projects, the finance department said Wednesday, as Manila and Beijing sought to deepen economic ties.

The requests for funding and feasibility study include $3.4 billion to improve the productivity of small farmers, improve transportation and ensure water supply in Metro Manila, said Finance Secretary Carlos Dominguez.

Other projects include bridges in the capital to help ease traffic congestion, he said.

China this week announced a $3.7-billion package for anti-poverty measures in the Philippines after a team led by Dominguez met with Chinese officials in Beijing.

“My expectation is that the projects that we have discussed would be implemented very quickly and that it would benefit both people," Dominguez said.