CCU waiting on details of loan agreement - KUAM.com-KUAM News: On Air. Online. On Demand.

CCU waiting on details of loan agreement

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by Mindy Aguon

Guam - The Consolidated Commission on Utilities hasn't heard anything official from the Japanese government or the Department of Defense about a reported agreement on how at least $420 million in a loan will be repaid.  The Daily Yomiuri Online is reporting that Japan's government has earmarked that money to finance infrastructure development in Guam, and that Japan and the United States have agreed that the loan would be repaid from charging infrastructure users including marines and residents. 

CCU chairman Simon Sanchez said, "From the beginning, the DOD has said that they would be responsible for any repayment they've said that publicly General [David] Bice has said that publicly they said it in all of our working meetings and that's why I think the us government is leading the ye negotiation with Japan."

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