Conflict-ridden areas in Mindanao will soon have better roads after the Philippines and Japan signed a $202.04 million (about Php 10.482 billion) loan agreement that will be used in the reconstruction and rehabiliation of road networks in the island.
The loan deal was duly agreed upon during a key meeting of high-level committee members between the two countries held last Tuesday.
The projects that are part of the loan deal will include a total of 176.6 kilometers of roadways that will be constructed, improved and repaired. This will link the Bangsamoro Autonomous Region with trade centers in Mindanao.
Other than that, the two nations also agreed to sign additional loan that will be needed for the construction of the Davao City Bypass Road Project, New Mactan Bridge Construction Project, Metro Manila Priority Bridges Seismic Improvement Project Phase 2, and the Second tranche loan for the Metro Manila Subway Project Phase 1.
Japan has also committed in providing additional support in rebuilding Marawi City. According to Secretary Francisco Dominguez of the Department of Finance, Japan is the largest donor of funds for the government's plan to rehabilitate Marawi and that they are willing to provide more if needed. With it, DPWH Secretary Mark Villar has stated that the long-delayed rehabilitation of Marawi can now begin in 2019.
In addition, the signed loan deal between Japan and the Philippines will cover critical components that need to be completed first as part of the master plan for Marawi City. These includes: road infrastrucutre building, widening of roads, and acquiring right-of-way.