Japan gives Philippines P215M for green vehicles-A A +A
Wednesday, March 12, 2014
THE Government of Japan on Wednesday gave the Philippines 500 million yen or P215 million to help in the production of eco-friendly vehicles in the country.
In a statement released by the Japanese Embassy in Manila, it disclosed that Japanese Ambassador to Manila Toshinao Urabe and Foreign Affairs Secretary Albert Del Rosario had exchanged notes for the "Non-Project Grant Aid (NPGA): Next-Generation Vehicle Package."
"The project aims to contribute to the reduction of environmental pollution in the Philippines caused by greenhouse gas (GHG) emissions,” said the Japanese embassy.
"Specifically, the project is intended to provide eco-friendly vehicles that will promote the development of the Philippines through making use of Japanese technology," it further said.
These, it said, include hybrid vehicles (HVs), plug-in hybrid electric vehicles (PHEVs), electric vehicles (EVs), and clean diesel vehicles (CDs).
The Embassy said projects under the NPGA aim to assist developing countries in responding to different economic and social needs.
"Projects such as this serve as a continuing testimony of strategic partnership between Japan and the Philippines," said the Japanese embassy. (HDT/Sunnex)