[ LETTER OF INSTRUCTION NO. 475, October 22, 1976 ]
In order to utilize to full advantage the project loans under the Japanese Official Financial Assistance Program (O.E.C.F.), the following guidelines shall hereafter be Strictly observed, viz:
- As much as possible, OECF project loans shall be utilized for turnkey projects.
- If a turnkey project is not feasible such OECF project loans, should not be utilized for locally available materials.
- In order to facilitate and insure implementation of these guidelines, all executing agencies shall coordinate closely with the Implementing Officer, PJPLAP, in the preparation of the project report, and/or project studies, determination of and preparation of the specifications for the item to be procured out of the proceeds of OECF loans.
Done in the City of Manila, the 22nd day of October, in the year of Our Lord, nineteen hundred and seventy-six.
(Sgd.) FERDINAND E. MARCOS
President of the Philippines
President of the Philippines