Philippines asks Japan for $110m loan for 10 patrol vessels
manilastandardtoday.com -- Feb 12
The Philippines has asked Japan for a $110 million loan to purchase 10 patrol boats that will boost its surveillance capability in the coastal areas inside its territory, including the West Philippine Sea, the Department of Foreign Affairs (DFA) said on Monday.
DFA spokesman Raul Hernandez said the plan to purchase the boats was not intended to bolster its position in the dispute with China over the West Philippine Sea but to upgrade the capabilities of the Philippine Coast Guard (PCG).
The Philippines applied for the loan last December, but Japanese newspaper Nikkei Business Daily has reported that Japan will also donate an unspecified number of patrol boats by 2014. The patrol boats cost $11 million each.
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