Saturday 22 September
Powered by Ajaxy
Sep 28, 2017 @ 16:36

PH eyes P12.2B Japan ODA for flood control projects


The Philippines is hoping to secure P12.23 billion in aid from Japan which it plans to use to fund key flood control projects.

“With the assistance of Japan International Cooperation Agency, we are now doing the feasibility study for the Paranaque spillway tunnel project, a 9.2 km spillway which is expected to shorten flood inundation in the shoreline of Laguna de Bay and reduce flood damages in the area,” said Public Works Secretary Mark Villar.

“The P10 billion project, which will include a 3.3 km tunnel, is expected to start implementation in 2018,” he added.

Villar said the Cavite Industrial Area Flood Management Project, which is expected to protect 7,000 houses in Cavite Industrial Area, covers Imus, San Juan, and Canas River Basins.

“Our JICA loan for the financial assistance on the Cavity Industrial Area Flood Management Project is targeted to be approved by November 2017,” he added.

The P2.23 billion Davao river basin flood control project will also be funded by the government of Japan.

“In the Philippines’ pursuit of ushering in the golden age of infrastructure, we thank the Japanese government for being a great partner in our economic development by constantly providing us with development assistance, financing, and innovative technology,” Villar added.

Tags: , , , , , , , , , , , ,

Related Stories
San Miguel Holdings Corp. is expected to secure original proponent status for its proposal to
Listed property developer Primex Corp. is spending P3.6 billion for the construction of a 50-storey
Suntrust Properties Inc., a wholly-owned subsidiary of Megaworld Corp. has acquired 42-year old property firm
Ride-hailing firm Grab Philippines just launched its dedicated food delivery service in its bid to


Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.