Japan to Fund Infrastructure Project In Cagayan de Oro

Cagayan De Oro City Mayor Oscar Moreno said he had the privilege to talk to Japan Prime Minister Shinzo Abe during the latter’s visit in Davao City last week.

The Japanese official promised to extend financial assistance to various infrastructure projects in four Mindanao cities, which include Cagayan De Oro City, Moreno said during Monday’s flag ceremony.

According to Moreno, the Japanese government has now also adopted a new policy of releasing funds through direct dealings with the local governments instead of with the national government.

The Japanese government through the Japan International Coordinating Agency (JICA) has been implementing major infrastructure in Cagayan De Oro, the latest of which was the multi-billion river dike.

The JICA approved the funding of the ongoing construction of the eight-kilometer flood dike along the stretch of the Cagayan De Oro River during the incumbency of former City Mayor Vicente Emano.

At present, JICA has expressed the interest of funding the first 100-kilometer of the first phase of the Mindanao railway that would start from Tagum City to Digos City in Davao.

The proposed 4,000-kilometer Mindanao railway project would traverse the Davao-Butuan, Cagayan De Oro, and Iligan City route.