The South Korean government will co-finance one of the flagship projects of the Duterte administration through an official development assistance (ODA) under the concessional loan offer made earlier by Seoul, the Department of Finance (DoF) said.
“There is just one project that they have already signed,” Finance Assistant Secretary Maria Edita Tan said, referring to the P9.19-billion New Cebu International Container Port project, which the Philippines’ National Economic and Development Authority Board has approved.
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