Sunday, January 1, 2023

PBBM expected to get Php 12 billion in Infra Pledges during China Visit

The Manila Bulletin Article on PBBM's upcoming Visit to China
The Manila Bulletin Article on PBBM's upcoming Visit to China

President Bong Bong Marcos (PBBM) is expected to get around Rmb 1.5 billion (or around Php 12 billion) in Pledges from the Chinese Government to support his Infrastructure Projects during his State Visit to China this coming Week. 

Other Items expected during his Visit are: 

*  A Framework Agreement for the Construction of three Priority Bridges that will cross the Pasig and Marikina Rivers and the Manggahan Floodway

*  Renewal of the Philippines’ Agreement to participate in China’s Belt and Road Initiative (BRI) Projects

*  Strengthening of Cooperation in the Areas of Agriculture, Infrastructure, Energy and People-to-People Exchanges

China will reportedly also import more Durian from the Philippines and Chinese Businessmen could invest in the Durian Industry in Mindanao

SOURCE: PH expects P12-B Grant from China for Infra Projects {Archived Link}

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