Wednesday 19 December
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.

Please follow and like us:

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

Related Stories
The Department of Public Works and Highways granted original proponent status to San Miguel Holdings
Smart Communications Inc. has completed an upgrade of its network in Metro Manila, fulfilling its
The Department of Public Works and Highways is poised to grant the original proponent status
Lazada Philippines is expanding its operations to reach more Filipinos and fulfill orders faster as


Trending News

Recommended on sister sites

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