China is looking to construct new port infrastructure investments in the Philippines as it respond to investment calls from Manila, and grow its influence in the South China Sea, IHS Fairplay reports on Tuesday.
Beijing seeks to develop new projects under its national One Belt One Road (OBOR) programme and place up to USD900 billion into OBOR projects across 60 countries, the report said.
Senior officials, including a vice governor of state-owned China Development Bank, and a primary OBOR investment official visited one of Manila’s main terminal facilities to discuss port investment possibilities in Manila, Cebu, and Davao on southern island of Mindanao.
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