China accord P226M for hybrid rice project

China will be providing 27.52 million renminbi or about P226.93 million for a project that will modernize the Philippines’ hybrid rice center and help boost the country’s palay production, the Finance department announced.An exchange of letters for the grant was signed by Finance Secretary Carlos Dominguez 3rd and Chinese Commerce Minister Zhong Shan, the department said in a statement.
The funds will be used for Phase III of the Technical Cooperation Project for the Philippines’ Agricultural Technology Center, which is being implemented by the Agriculture department.It would “contribute in boosting the rice production capacity of the Philippines towards rice sufficiency by upgrading the Philippine Sino Center for Agricultural Technology’s hybrid rice technology research and demonstration center into a modern hybrid rice breeding station and technology demonstration center,” the Finance department said.
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