The acquisition of the vessels and the development of support facilities is valued at over 64.38 billion yen (around P23.85 billion)
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Philippine Foreign Secretary Enrique Manalo and Japanese Ambassador Endo Kazuya led on Friday, May 17, the signing and exchange of diplomatic notes for the project. Practically all of the PCG’s newest ships are Japan-made and funded through loans from the Philippines’ strategic partner. Its 10 44-meter MRRVs were delivered between 2016 and 2018, and the first two 97-meter vessels were delivered in 2022.
“The additional grant is expected to contribute to improving maritime safety in the Philippines by improving the capacity of the Philippine Coast Guard to efficiently conduct maritime rescue, law enforcement, and other operations,” said the Japanese embassy in Manila in a release.
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