AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
On August 25th, 2015, a 33.689 billion yen ($282 million USD) loan agreement was signed with the Republic of the Philippines and the Japanese International Cooperation Agency (JICA) for the construction of earthquake-proof bridges. This loan will be part of the Japanese International Cooperation Agency's STEP program which implies that the loan will go towards providing Japanese-sourced seismic retrofitting technologies, construction services as well as excavation and tunnel construction consulting services.
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