This Philippines and China sealed a contract on a $219. 7-million preferential buyer’s credit facility to fund the actual project management consultancy from the Philippine National Railways’ southwest long haul project, your Department of Finance reported.
This infrastructure project under the Duterte administration’s “Build, Develop, Build” program will hyperlink Metro Manila to Legazpi, Albay; Legaspi to Matnog, Sorsogon, and Calamba (in Laguna) to be able to Batangas City.
The services for being rendered by the project management consultancy cover that detailed engineering and style and design; preparation of the words of reference and bidding documents for any design-and-build procurement process with the civil works, rolling commodity and electromechanical system, and the construction supervision.
According for the finance department, the project management consultant would also provide tender assistance, which comprises of, among others, the sector study, administration of the constrained competitive bidding and tender award towards contractors and suppliers.
President Duterte and Far east President Xi Jinping witnessed the exchange on the signed loan agreement concerning Finance Secretary Carlos Dominguez III plus Export-Import Bank of Cina vice president Xie Ping on the Diaoyutai State Guest Residence in Beijing.
The dollar-denominated loan has an interest rate of 2 percent having a maturity period of 20 years, inclusive of the seven-year grace period.
Presidents Duterte plus Xi also witnessed that exchange of notes among Foreign Affairs Secretary Teodoro Locsin Junior. and Chinese State Councilor and also Foreign Minister Wang Yi confirming the particular cooperation procedures and arrangements that will enable the Philippines to avail itself of Offshore concessional loans under the renminbi-denominated loan facility.
This loan facility between the DOF and the China International Development Cooperation Agency helps support the Duterte administration’s major projects that may promote economic and interpersonal development.
This Philippines and China sealed a contract on a $219. 7-million preferential buyer’s credit facility to fund the actual project management consultancy from the Philippine National Railways’ southwest long haul project, your Department of Finance reported.
This infrastructure project under the Duterte administration’s “Build, Develop, Build” program will hyperlink Metro Manila to Legazpi, Albay; Legaspi to Matnog, Sorsogon, and Calamba (in Laguna) to be able to Batangas City.
The services for being rendered by the project management consultancy cover that detailed engineering and style and design; preparation of the words of reference and bidding documents for any design-and-build procurement process with the civil works, rolling commodity and electromechanical system, and the construction supervision.
According for the finance department, the project management consultant would also provide tender assistance, which comprises of, among others, the sector study, administration of the constrained competitive bidding and tender award towards contractors and suppliers.
President Duterte and Far east President Xi Jinping witnessed the exchange on the signed loan agreement concerning Finance Secretary Carlos Dominguez III plus Export-Import Bank of Cina vice president Xie Ping on the Diaoyutai State Guest Residence in Beijing.
The dollar-denominated loan has an interest rate of 2 percent having a maturity period of 20 years, inclusive of the seven-year grace period.
Presidents Duterte plus Xi also witnessed that exchange of notes among Foreign Affairs Secretary Teodoro Locsin Junior. and Chinese State Councilor and also Foreign Minister Wang Yi confirming the particular cooperation procedures and arrangements that will enable the Philippines to avail itself of Offshore concessional loans under the renminbi-denominated loan facility.
This loan facility between the DOF and the China International Development Cooperation Agency helps support the Duterte administration’s major projects that may promote economic and interpersonal development.
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