Gov’t eyes P7-B Jica loan for flood control project | Inquirer Business

Gov’t eyes P7-B Jica loan for flood control project

/ 12:14 AM June 09, 2017

The government will borrow P7.1 billion from the Japan International Cooperation Agency (Jica) to meet the bulk of the financing requirement of a project aimed at mitigating flooding in areas in Cavite that host manufacturing facilities.

The remaining P2.89 billion needed for the P9.99-billion Cavite Industrial Area Flood Risk Management Project, which will be implemented by the Department of Public Works and Highways, will come from the national budget.

Based on a document obtained by the Inquirer, the loan agreement with Jica for the project “would start in November.”

Article continues after this advertisement

The DPWH plans to begin construction in October next year for completion in April 2024.

FEATURED STORIES

The project will mitigate flooding caused by overflow and convergence of Ylang Ylang and Rio Grande rivers in San Juan River as well as poor drainage system at Maalimango Creek, according to the document.

It will have two components. The first of which is the river flood mitigation through a 2.4-kilometer San Juan River diversion channel and the widening of Ylang Ylang and Rio Grande rivers by 2.8 km and 4.2 km, respectively.

Article continues after this advertisement

The second component will involve the improvement of Maalimango Creek’s catchment area drainage by widening the creek by 2 km and building of two diversion channels 1 km and 3.5 km long.

Article continues after this advertisement

Up to 7,964 households will be relieved from potential flooding through the project.

It will benefit the cities of General Trias and Imus as well as the municipalities of Kawit, Noveleta and Rosario, where economic zones that produced $5.5 billion worth of exports last year are located.—BEN O. DE VERA

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

TAGS: flood control project, Japan International Cooperation Agency (Jica), manufacturing facilities

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our newsletter!

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

© Copyright 1997-2024 INQUIRER.net | All Rights Reserved

This is an information message

We use cookies to enhance your experience. By continuing, you agree to our use of cookies. Learn more here.