MANILA - The Philippines and China have signed agreements to study the feasibility of two major infrastructure projects in the Western Visayas and Davao regions, the Department of Finance said on Thursday.
The DOF said the agreements were signed during the meeting between Philippine officials and Chinese Vice Premier Hu Chunhua.
China will fund the feasibility study for the Davao City Expressway and the Panay-Guimaras-Negros Island Bridge projects, which will be implemented by Chinese company CCCC Highway Consultants Co.
Four other agreements covering areas of cooperation in trade, customs and communications, the DOF said.
The signing of the deals follows a statement by Socioeconomic Planning Secretary Ernesto Pernia that no China-funded infrastructure projects were being shelved, as the Duterte administration scales back its ambitious 'Build Build' program.
Pernia was earlier quoted as saying that some of the items in the 75 "game-changing" flagship infrastructure projects of the Duterte administration are not feasible and were being shelved.