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Japan gives $336 million to start Guam process

Date Posted: 2009-07-16

The first money for the massive project to move 8,000 American Marines from Okinawa to Guam by 2014 is about to be given to the U.S. by Japan’s government.

Japan is to give ¥34.6 billion to cover initial infrastructure projects in Guam’s Finegayan area and at Apra Harbor. Hirofumi Nakasone, Japan’s Foreign Minister, and James Zumwalt, the charge d’affaires at the American Embassy in Tokyo, exchanged notes o the deal. The $336 million is the first part of $2.8 billion cash Japan will contribute to the 2006 Japan-U.S. agreement designed to streamline realignment of troops and relieve the burdens on local communities in Okinawa and mainland Japan.

Japan will contribute nearly $6.1 billion of the $10.3 billion cost of building all the new facilities on Guam necessary to move the Marines and their families from Okinawa. In addition to the $2.8 billion cash, Japan has agreed to underwrite investments and third-party loans. This first round of case comes on the heels of a May 19th agreement that requires the central government to spend the money to get the project moving.

The May 19th document constituted legal authority for implementation of the 2006 agreement often referred to as the ‘road map’ for drawing down the American troop population in Okinawa.

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