Guam - Representatives from the Japan Bank of International Cooperation will be meeting with members of the Consolidated Commission on Utilities this week to discuss Japan's role in financing infrastructure upgrades for the military buildup. CCU Chairman Simon Sanchez says JBIC has sent technical staff to go over the proposed numbers - $740 million to upgrade the island's wastewater and $1.3 billion overall to bring the entire power and water systems up to par.
"We are hoping there will also be a meeting on how the financing discussions are going. The truth of the matter is the financing discussions are really going between the Department of Defense and Japan because the DoD has made it clear they're paying back whatever needs to be paid back, if anything," said the chairman.
Sanchez says the meetings will probably take place on Thursday or Friday.