CCU briefed on DoD/JBIC meetings - KUAM.com-KUAM News: On Air. Online. On Demand.

CCU briefed on DoD/JBIC meetings

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by Janjeera Hail

Guam - The Consolidated Commission on utilities was briefed this morning, on meetings that were held earlier this week between the Department of Defense and representatives from the Japan Bank for International Cooperation.   Japan is expected to provide $740 million needed to upgrade the Northern and Hagatna Wastewater Treatment Plants in time for the military buildup. 

CCU Chairman Simon Sanchez says nothing is final yet, but the outlook from the DoD was positive, adding, "They were very encouraged by the progress in their talks and they're very close to putting together a package. The most important thing to recognize is that DoD is working this out with Japan, because DoD is going to be the one to repay any kind of assistance from Japan."

Sanchez says that the DoD also committed to providing an additional $600 million to fund the remainder of the $1.3 billion total that is needed to bring the island's power and water systems up to par.

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