Guam – The U.S. Embassy in Japan has announced that Washington and Tokyo have reached agreement on the transfer of $497.8 million dollars in Japanese Funds to the U.S. which will be spent on infrastructure projects on Guam.
According to a release from the U.S. Embassy in Tokyo, U.S. Ambassador John Roos and Japanese Foreign Minister Katsuya Okada exchanged Notes yesterday [Tuesday] affirming the transfer of funds.
The release does not clarify whether the funding is a loan or a grant. And the projects to be funded [see below] do not include any money for upgrading the Northern Wastewater Treatment Plant or any other infrastructure project under the management of GovGuam.
The transfer is in line with the Guam International Agreement on the Relocation of United States Marine Corps from Okinawa to Guam which was signed between Secretary of State Clinton and Foreign Minster Nakasone on Feb. 17, 2009.
Based on the exchanged Notes, the Government of Japan will provide $497.8 million to the United States Government during FY2010 to be used for projects to develop facilities and infrastructure on Guam for the relocation of 8,000 U.S. Marines and their dependents from Okinawa to Guam.
Projects to be funded by the Government of Japan during FY2010 for the relocation of U.S. Marines from Okinawa to Guam:
On-base infrastructure project in Finegayan area (Phase 2) 309 million U.S.
Construction project of fire station in Finegayan area 25.1 million U.S.
Construction project of port operation unit headquarters building in Apra area 24.8 million U.S.
Construction project of medical clinic in Apra area 96 million U.S.
Design project (base administrative building, Marine Logistic Group
headquarters building, police station, physical training complex, enlisted
dining facility and bachelor enlisted quarters in Finegayan area) 42.9 million U.S.
TOTAL: 497.8 million U.S.