DOF seals deals with South Korea for 3 infra projects that will support economic dev’t in Luzon, Visayas
DOF seals deals with South Korea for 3 infra projects that will support economic dev’t in Luzon, Visayas
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NewsTranscript
00:00Finance Secretary Ralph Recto sealed financing deals with the government of Korea for three
00:05major infrastructure projects.
00:07According to the finance chief, these projects highlight the strong relationship between
00:12the two nations, focusing on improving mobility, creating jobs, boosting businesses, raising
00:18income and enhancing livelihood, especially in Luzon and the Visayas, to help reduce poverty.
00:25Among the projects sealed was the 6.34 billion peso financing agreement for the Samar Pacific
00:31Coastal Road 2 project, supported by the Export-Import Bank of Korea Economic Development Cooperation
00:38Fund.