Japan Has Invested Heavily In The Aid Of The Railway To Resist China'S Influence In The Asian Economic Circle.

Japan confronting Asia Investment Bank: 240 billion yen to help Philippines repair railways

Japan's first investment against Asia Investment Bank is Manila railway.

It is reported that the Japanese government plans to provide about 240 billion of the railway construction projects planned for Philippines's capital Manila.

(about 12 billion yuan) loan.

As a one-time loan provided by government development assistance (ODA), it will be the largest in Japan.

In May, Japanese Prime Minister Abe Shinzo proposed a "new high quality infrastructure investment in Asia" as a new aid strategy, and the loan will be the first investment.

This assistance is not only a huge sum, but also will attach importance to the sustainability of long-term growth.

In addition, business opportunities for Japanese companies are expected to expand.

Mr Abe's policy is to increase investment in Asia to $110 billion in 2016-2020 years, an increase of 3 over the past 5 years.

In Japan's previous overseas infrastructure construction assistance, censorship and other procedures took time, and the aid recipient considered the ease of use.

In addition to paying attention to the speed of aid implementation, this time, instead of gradually pouring funds into the construction period as before, it will increase the single aid amount.

In response to China's rapidly growing demand for infrastructure in Asia, the Asian infrastructure investment bank (AIIB) was set up during the year.

Japan is adjusting its past fears that China's leading economic circle is expanding.

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With the aid of Manila railway as the starting point, we will also strengthen capital cooperation in railway construction in Thailand, Vietnam and Burma in the future.

The Japanese yen loan will be used in the Philippines government to promote the construction of state-owned railway from Manila to the north extension of the route.

This is about 40 km linking Manila and Marlow Los (the province of katcheon), equivalent to 300 billion yen total construction cost of 8 of the amount will be provided through the Japan International Cooperation Agency (JICA) to provide loans.

The remaining construction costs will be provided by the government of Philippines.

The two governments strive to be in November.

(APEC) an agreement was signed at the summit meeting held at the summit.

The two sides are adjusting the Japanese yen loan will be accompanied by the procurement of materials and other objects are limited to Japan.

It is expected that Japanese companies will be able to obtain orders from many related businesses including line laying, introduction of vehicles and systems.

Trading companies and Japanese banks showed interest in participating.

With regard to the route extending from south to south, Manila has decided to make recommendations by the Asian Development Bank (ADB) in terms of tendering and contractor selection.

The Japanese government plans to provide assistance to a package of urban construction in the capital city of Manila.

In addition, it is promoting a business survey aimed at building the first subway in Manila.

According to the statistics of Asia open bank, Philippines needs us $127 billion in 2010-2020 years to promote infrastructure construction.

It is equivalent to 6.1% of the annual gross domestic product (GDP), but the infrastructure related expenditure in 2014 was about 400 billion pesos, only about 3%.

Asian emerging market countries are believed to have nearly US $800 billion in huge infrastructure investment every year.

The Japanese government hopes to highlight the importance of quality assistance through environmental protection and thorough compliance with the law.

The difference.