DoD, Japan, utilities continue buildup talks - KUAM.com-KUAM News: On Air. Online. On Demand.

DoD, Japan, utilities continue buildup talks

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by Mindy Aguon

Guam - Discussions continue on how Japan will fund the hundreds of millions of dollars worth of infrastructure needed for the military buildup.  Earlier this week, the Guam Power Authority and Guam Waterworks Authority met with representatives from the Department of Defense and the Government of Japan to discuss the various projects. 

$420 million would be given to GWA and $160 million to GPA for infrastructure upgrades.  Consolidated Commission on Utilities chairman Simon Sanchez says representatives from the Japan Bank for International Cooperation were also on island to try to determine how to create the loan.

Sanchez told KUAM News, "There's still uncertainty of when cash will be available to fund these projects. We're in the budget that has been confirmed and that's not the issue. The issue is with the tsunami. Japan is still wrestling with how to fund the budget and the tsunami recovery and we're in the middle of all that. And we still await timelines." Sanchez is hopeful the first of the money will start coming in at the end of the year. 

He stresses that the loan from Japan's government would be completely paid by the DoD.  The representatives are expected to continue discussions again next month.

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