Czechman Posted August 6, 2015 Posted August 6, 2015 Wonderful news for the Philippines' "less than desirable crumbling infrastructure" but, it's a loan and needs to be paid back eventually... Click on URL below: Japan to offer 2 Billion Loan to upgrade the Philippines' degrading railway system. 3 Link to comment Share on other sites More sharing options...
Gratefuled Posted August 6, 2015 Posted August 6, 2015 Japan might have to wait a very very long time for the loan to be paid. Many congressmen are very grateful for the money. Now they can plan their retirement. 4 Link to comment Share on other sites More sharing options...
mogo51 Posted August 7, 2015 Posted August 7, 2015 I would assume that Japan will be responsible for the construction and that may be the saving point. 1 Link to comment Share on other sites More sharing options...
intrepid Posted August 7, 2015 Posted August 7, 2015 Japan to offer 2 Billion Loan to upgrade the Philippines' degrading railway system. I guess they will hope the "loan" is the same kind of "loan" we make to our family and expect it is a gift. :tiphat: 1 Link to comment Share on other sites More sharing options...
Dave Hounddriver Posted August 7, 2015 Posted August 7, 2015 I have noticed the Japanese do a lot for the Philippines. The SRP tunnel in Cebu was a loan from Japan. After a disaster I frequently see Japanese aid packages being among the first to arrive. They invest a lot in jobs and industry here like Mitsumi in Danao. In short, they know what they are getting into and I have only respect for them. 4 Link to comment Share on other sites More sharing options...
Thomas Posted August 7, 2015 Posted August 7, 2015 (edited) I have noticed the Japanese do a lot for the Philippines. The SRP tunnel in Cebu was a loan from Japan. After a disaster I frequently see Japanese aid packages being among the first to arrive. They invest a lot in jobs and industry here like Mitsumi in Danao. In short, they know what they are getting into and I have only respect for them. Yes. And if I remember corect, it's Japan who has financed improvements of some of the baranggay roads. At least it was foreign financing of some baranggay roads in Misamis Oriental some time ago. Edited August 7, 2015 by Thomas 1 Link to comment Share on other sites More sharing options...
DavidK Posted August 8, 2015 Posted August 8, 2015 It will be a government bank developmental loan at concessionary rates and extended term, most likely (but not always) tied to Japanese involvement in the project. The Japanese do a lot of this type of lending. It helps bring in commercial bank funding on top. Infrastructure like this also brings in a lot of developmental financial institution cash as well. Mind, they tend to have anti-corruption controls embedded in the loan terms so they might not be that popular in the Philippines... 2 Link to comment Share on other sites More sharing options...
Jack Peterson Posted August 8, 2015 Posted August 8, 2015 they tend to have anti-corruption controls embedded in the loan terms so they might not be that popular in the Philippines... Yeah but as we know, the Administration here have a book full of Excuses and Disclaimers 1 Link to comment Share on other sites More sharing options...
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