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Japan commits P215-M ODA for eco-friendly vehicles

MANILA, March 15 (PIA) – The Government of Japan has committed ¥500 million or approximately P215 million official development assistance (ODA) for the production of eco-friendly vehicles.

Japanese Ambassador Toshinao Urabe and Secretary of Foreign Affairs Albert F. Del Rosario has exchanged notes for the “Non-Project Grant Aid (Next-Generation Vehicle Package).”

In a statement, the Embassy of Japan said the “Non-Project Grant Aid (Next-Generation Vehicle Package)” aims to contribute to the reduction of environmental pollution in the Philippines caused by greenhouse gas (GHG) emissions.

The products to be provided under this project will be decided in accordance with the Philippine Government’s requests. Specifically, the project is intended to provide eco-friendly products that will promote the development of the Philippines through making use of Japanese technology such as hybrid vehicle (HV), plug-in hybrid electric vehicle (PHEV), electric vehicle (EV) and clean diesel vehicle (CD).

Projects under the Non-Project Grant Aid (NPGA) seek to assist developing countries in responding to different economic and social needs. The NPGA offers foreign currency funding for importation of goods such as industrial materials that will address a specific concern of a developing country.
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