Thursday, March 26, 2015

PH gets P7.3B in ODA loans from Japan


popular .



aguilar


Ginebra's Japeth Aguilar sprains ankle anew




coa


Aquino appoints new COA chair




150325_BB_ADULT_PLUS_04


Anything for my family






Pinoy Pride: Gilberto Parra vows to end Donnie Nietes reign






It’s not too late




Rey pamaran


Rey Pamaran airs side on slapping incident with Melissa Mendez




Ateneo Lady Eagle Aerieal Patnongon smiles as she chats with reporters after cheering boyfriend and San Miguel center June Mar Fajardo play against Globalport Tuesday night.


Aerieal Patnongon surprised by boyfriend Junemar Fajardo's kiss on live TV




Panfilo-Lacson-1203


Ping on 2016: 'Count me among the undecided'



videos





PBA: Ginebra’s LA Tenorio comfortable on the floor with Emman Monfort






PBA: Agustin credits good defense, big men performance for win over Purefoods






PBA: Warner’s maturity big thing for Globalport, says coach Gonzales






Crime watchdog wants advisory body composed of bishops, inter-religious leaders






Former Tarlac Governor calls Aquino to resign






The Philippine and Japanese governments on Thursday signed a 19.5-billion yen or about P7.3 billion worth of loan agreements that would finance a flood risk reduction project in Mindanao and the construction of new interchanges in Metro Manila’s major roads.


Finance Secretary Cesar V. Purisima signed the agreement on behalf of the Philippine government, while Japan International Cooperation Agency’s (Jica) chief representative in the Philippines Noriaki Niwa represented the Japanese government.


The bigger chunk of the official development assistance (ODA) worth almost 11.6 billion yen or about P4.3 billion would be spent on a flood risk management project for Cagayan de Oro River. It will fund the implementation of structural measures (such as construction of a new dike/retaining wall and retarding basin, installation of gate and drainage outlets, and improvement of Kagayan Bridge), as well as non-structural measures (such as preparation/updating of the flood hazard map, and putting in place a flood forecasting and warning system) in areas surrounding the river, the Department of Finance said.


“The flood risk management project for Cagayan de Oro River aims to strengthen the resilience of the communities along the [river’s] stretch—from Macajalar Bay to Pelaez Bridge—to climate change and other hydrometeorological hazards by mitigating flood risk in the area,” according to the DOF.


In October last year, the National Economic and Development Authority (Neda) Board chaired by President Aquino approved the P8.6-billion flood mitigation project, which would start in October this year for completion by March 2022.


The remainder of the loan, amounting to more than 7.9 billion yen or almost P3 billion, will go to the P4-billion sixth phase of the Department of Public Works and Highways’ Metro Manila Interchange project.



Get Inquirer updates while on the go, add us on these apps:


Inquirer Viber




  • Tags:


  • Business


  • Japan


  • oda loans


  • official development assistance


  • Philippines




Related Stories:



  • Australia investigates ‘paedophile’ father in Thai baby scandal

  • Bangladesh ferry owner faces charges in sinking

  • Bangladesh ferry owner faces charges in sinking

  • Bangladesh ferry owner faces charges in sinking

  • Bangladesh ferry owner faces charges in sinking

  • Bangladesh ferry owner faces charges in sinking

  • Bangladesh ferry owner faces charges in sinking

  • Bangladesh ferry owner faces charges in sinking


Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.



Disclaimer: The comments uploaded on this site do not necessarily represent or reflect the views of management and owner of INQUIRER.net. We reserve the right to exclude comments that we deem to be inconsistent with our editorial standards.



To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.


Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:


c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City,Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94





seo tools

No comments:

Post a Comment