Japan commits PHP215-M ODA providing “Next-Generation Vehicle Package”

MANILA, March 12 (PNA) — Japanese Ambassador Toshinao Urabe and Secretary of Foreign Affairs Albert F. Del Rosario exchanged notes for the “Non-Project Grant Aid (Next-Generation Vehicle Package)” amounting to 500 million yen (approximately 215 million pesos) on March 12, 2014.

The “Non-Project Grant Aid (Next-Generation Vehicle Package)” aims to contribute to the reduction of environmental pollution in the Philippines caused by greenhouse gas (GHG) emissions.

The products to be provided under this project will be decided in accordance with the Philippine Government’s requests. Specifically, the project is intended to provide eco-friendly products that will promote the development of the Philippines by making use of Japanese technology such as hybrid vehicle (HV), plug-in hybrid electric vehicle (PHEV), electric vehicle (EV) and clean diesel vehicle (CD).

Projects under the Non-Project Grant Aid (NPGA) seek to assist developing countries in responding to different economic and social needs. The NPGA offers foreign currency funding for importation of goods such as industrial materials that will address a specific concern of a developing country.

The objectives of these projects are in line with the concept of “Inclusive Growth” stated in the Philippine Development Plan 2011-2016, as well as the concept of “Human Security” being advocated by the Japanese Government. Projects such as this serve as a continuing testimony of strategic partnership between Japan and the Philippines. (PNA)