By Peter A. Balocnit
PINUKPUK, Kalinga
-- The P4.3- billion Chico River Pump Irrigation Project, the first
flagship infrastructure project to be financed by China under President
Duterte’s ambitious “Build, Build, Build” program will be
completed in three years- time, a Chinese official vowed.
Jin Yuan,
Economic and Commercial Consellor of the Chinese Embassy in Manila said “there
will be no more eight years of waiting but three years to complete the project”
referring to the long eight-year period the project was being worked out by the
Philippine government.
“The Chinese
side will do its part to build this project and make it a symbol of
China-Philippine Friendship,” he said in his message during the project’s
grounbreaking at Pinococ in this town on June 8.
Upon completion, the
project will provide a stable supply of water to around 8,700 hectares of
agricultural land, benefit 4,350 farmers and their families and serve 21
barangays in the provinces of Kalinga and Cagayan.
The contract
was signed on March 8, awarding the contract to China CAMC Engineering Corp.
On April 10,
Chinese President Xi Jinping and Duterte signed the loan agreement on the
sidelines of the Boao Forum for Asia in Hainan, China.
With its leaders meeting already
five times to build friendship and economic cooperation, it resulted to
China-Philippine trade volume exceeding $50 billion, making China the
Philippines’ top trading partner, top-import origin and the fourth largest
export market. China’s investment to the Philippines increased by 67 percent
Yuan said.
“Besides the
Chico River Pump Irrigation Project, the two sides are discussing the first and
second basket of infrastructure projects worth $10 billion to be funded by
China, which will gradually begin construction from next year,” the Chinese
official informed.
Yuan sees the
Philippines as one of the most important participants, contributors, and
beneficiaries in the future under the “Belt and Road” Initiative as the two
countries continue to implement the 21st Century Maritime Silk Road. - PIA
Kalinga
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