The Japanese government through Japan International Cooperation Agency (JICA) will be providing an official development assistance (ODA) loan to fund the Maritime Safety Capability Improvement Project (MSCIP) for the Philippine Coast Guard (PCG), Phase II.
On March 2, the National Economic and Development Authority (NEDA) said MSCIP for PCG Phase II is one of the six recently approved projects to be funded by Japan.
MSCIP for PCG Phase II has a revised project cost of PHP8,017,410,000.00.
“The project involves the acquisition of two (2) heavy weather, high endurance 94-meter Multi-Role Response Vessels (MRRVs), to provide the PCG with vessels with a cruising range capability of 4,000 nautical miles, can be used in Sea-State 6 (wave height of up to 6 meters) in rough sea condition, and are capable to conduct continuous maritime patrol up to 15 days at 15 knots,” NEDA said.
“Each vessel, as claimed by PCG, will enable them to recover as much as 500 passengers in the event of a maritime disaster, as well as provide the country with wider maritime coverage for strategic and national security purposes,” it added.
MSCIP for PCG Phase I, also funded by Japan, is currently in progress. MSCIP for PCG Phase I will supply 10 44-meter vessels to PCG. 6 44-meter MRRVs are already in active service.
Sources: http://www.neda.gov.ph/2018/03/02/japan-to-help-fund-6-of-13-new-infra-projects/; http://www.neda.gov.ph/2016/09/15/neda-board-approves-nine-projects-in-first-meeting-changes-in-the-investment-coordination-committee-icc-review-policies-also-green-lighted/