President Ferdinand “Bongbong” Marcos Jr. arrived again within the Philippines on Sunday from his official go to to Japan, which he mentioned would carry a brand new decade of partnership between the 2 international locations.
In his arrival speech, Marcos mentioned the Philippine delegation — together with authorities officers and business executives — secured over $13 billion in contributions and pledges.
“From my visit it was very clear that our strategic partnership with Japan has withstood the test of time and is poised for a new decade of mutual trust, mutual support, and mutual benefit,” he mentioned.
Latest information from the Philippine Statistics Authority (PSA) present that Japan was the nation’s third-largest importer of Philippine-made items in December at $809.85 million, and third-largest exporter to the nation at $793.58 million.
Marcos flew to Japan on board PR 001 on February 8, 2023 for an official go to, which included an viewers with Japanese Prime Minister Fumio Kishida.
Marcos mentioned the assembly centered on a strategic partnership between the Philippines and Japan, mapping out the “transformative, future-oriented partnership that is responsive to new developments.”
He mentioned it additionally cemented relations relating to protection and safety relations, agriculture, data and communication expertise, together with cooperation and bilateral settlement frameworks for mutually useful collaboration in “many areas.”
Among the commitments secured through the journey have been mortgage offers for the North-South Commuter Railway (NSCR) Project and its extension, estimated to be value over ¥400 billion or over P166 billion.
As deliberate, the undertaking is about to have 18 elevated at-grade stations and would minimize the two.5-hour journey time by street from Manila to Calamba by over half.
It may even be related to the Metro Manila Subway.
Once operational, the railway is anticipated to accommodate 600,000 passengers day by day by 2040.
Originally, the NSCR was envisioned to be the most important railway undertaking of the administration of former President Benigno “Noynoy” Aquino III.
It was deliberate to have a northern phase connecting Malolos, Bulacan to Tutuban, Manila, and the southern portion connecting Tutuban to as far south as Matnog, Sorsogon. — DVM, GMA Integrated News
Source: www.gmanetwork.com
