By Chino S. Leyco
The national government gas tapped the expertise of the Japan International Cooperation Agency (JICA) in updating the masterplan for the development of the Subic Bay and its surrounding areas, the Department of Finance (DOF) said.
During the recent plenary deliberations on the proposed DOF budget for 2020, Finance Secretary Carlos G. Dominguez III relayed this information through Sen. Juan Edgardo Angara, who chairs the chamber’s Committee on Finance.
Angara had sponsored the DOF budget on the senate floor.
“Mr. (Senate) President, I was informed by the Secretary that they are engaging JICA to update the Subic masterplan,” Angara said in response to Senator Richard Gordon’s interpellation regarding the government’s plan for the development of the former US naval base located in his home province of Zambales.
Gordon was a former mayor of Olongapo City, which is adjacent to Subic. He was also the first administrator and chairman of the Subic Bay Metropolitan Authority (SBMA).
The Philippines and Japan signed last December 6 a memorandum of cooperation signifying the latter’s commitment to provide technical support to the Duterte administration’s formulation of a regional development master plan designed to maximize the economic potentials of the Subic Bay and its surrounding areas.