Exclusive | Slow progress on projects … but China, Philippines hope time will heal all wounds
Manila urges patience for huge infrastructure projects to get underway as two nations try to move on from fractured relations
The Philippines Acting Foreign Minister says his country is keen to promote further investment with China, but cautioned that it could take some time to get large infrastructure projects already agreed up and running.
Enrique Manalo’s comments came after the Philippines and China have been attempting to heal ties fractured over the two nations’ rival claims to disputed waters in the South China Sea.
The Philippines President Rodrigo Duterte is due to attend a summit in Beijing next month on its massive “Belt and Road” initiative to increase trade and infrastructure ties between China, Asia and beyond.
Chinese officials pledged US$15 billion in investment in the Philippines during Duterte’s visit to China in October, according to the Philippine Department of Finance.
Manalo told the South China Morning Post that many of the projects were only agreed towards the end of last year and that it would take time to get the work underway.