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Phl, S. Korea ink P60-B infrastructure financing deals
The Philippine Star
|October 10, 2024
The Philippines and South Korea have signed financing agreements worth P60 billion for three infrastructure projects that will strengthen mobility in Luzon and Visayas.
In a statement, the Department of Finance (DOF) said it sealed three financing deals for a combined P60.16 billion.
The exchange of agreements was done between Finance Secretary Ralph Recto and Deputy Prime Minister and Minister of Economy and Finance Choi Sang-mok during the Philippine visit of South Korean President Yoon Suk Yeo earlier this week.
“Beyond enhancing mobility, they will create jobs, spur businesses, boost incomes and uplift Filipino lives – helping reduce poverty, especially in Luzon and Visayas,” Recto said.
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