Dr. Hiroto Izumi, Special Advisor to Japan Prime Minister Shinzo Abe, and Finance Secretary Carlos G. Dominguez seal with a handshake their commitment to further strengthen the strategic partnership between Japan and the Philippines after signing the Memorandum of Cooperation (MOC) signifying Japan’s commitment to extend technical assistance for the formulation of the Subic Bay Regional Development Masterplan.
The proposed master plan will outline possible projects in Subic Bay and its surrounding areas covering road network development, logistics terminal development, disaster risk management, and other public utilities development.
This commitment of assistance from Japan was first conveyed to President Rodrigo Roa Duterte by Japan Prime Minister Shinzō Abe during their bilateral meeting on November 4, 2019 held on the sidelines of the 35th Association of Southeast Asian Nations (ASEAN) Summit and Related Summits in Bangkok, Thailand.
The signing ceremony was held at the conclusion of the 9th Meeting of the Philippines-Japan High-Level Joint Committee on Infrastructure Development and Economic Cooperation on Friday (December 6) at the Hilton Odawara Resort in Hakone, Japan.
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