Push Admin

ADB approves $303 million loan for Philippine flood control

Article (news)

ABS-CBN News

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img alt="The Agus River Basin is one of the three major river basins in the Philippines whose flood protection infrastructure will be upgraded under a new ADB loan. Handout" src="https://sa.kapamilya.com/absnews/abscbnnews/media/2023/news/09/13/abra-(1).jpg"/><figcaption>The Agus River Basin is one of the three major river basins in the Philippines whose flood protection infrastructure will be upgraded under a new ADB loan. <em>Handout</em></figcaption></figure></div><p>MANILA — The Asian Development Bank (ADB) on Wednesday said it approved a $303 million loan to upgrade and construct flood protection infrastructure in 3 major river basins in the Philippines. </p><p>In a statement, the ADB said the loan would cover anti-flood infrastructure for the Abra River basin in Luzon, and the Ranao/Agus and Tagum–Libuganon river basins in Mindanao.</p><p>&quot;The infrastructure takes into account future climate change impacts, and incorporates nature-based solutions such as restoring and reconnecting old river channels for natural drainage and reinforcing riverbanks with mangroves and vegetation planting,&quot; the multilateral lender said.</p><p>ADB Senior Water Resources Specialist Junko Sagara noted that the three river basins were highly vulnerable to climate-related hazards. He said the project would lessen the risks and improve livelihood opportunities for 22 local government units and about 150 barangays. </p><p>The project will also help communities update their climate and disaster risk assessments and integrate flood risk management in local development plans. </p><p>Residents will be trained in managing flood risks, the ADB added.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/news/09/07/23/why-is-flooding-getting-worse-despite-dpwhs-nearly-p2-t-spending">&#x27;Why is flooding getting worse despite DPWH&#x27;s nearly P2-trillion spending?&#x27;</a></li>	<li><a href="https://news.abs-cbn.com/news/08/16/23/pondo-sa-flood-control-projects-ng-dpwh-kinuwestiyon">&#x27;Mas malaki pa sa DA&#x27;: Pondo sa flood control projects ng DPWH kinuwestiyon</a></li></ul><p>In a study published in 2019, the Philippines topped the list of countries most susceptible to hazards brought about by climate change. </p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/spotlight/06/15/19/country-most-threatened-by-climate-change-study-says-its-philippines">Country most threatened by climate change? Study says it’s Philippines</a></li>	<li><a href="https://news.abs-cbn.com/news/03/23/23/sws-93-pct-of-pinoys-felt-climate-crisis-impact-in-past-3-years">SWS: 9 in 10 Filipinos felt impact of climate crisis in past 3 years</a></li>	<li><a href="https://news.abs-cbn.com/video/news/06/12/23/pinoy-kids-from-56m-families-vulnerable-to-climate-disasters-group">Filipino kids from 5.6M families vulnerable to climate disasters - group</a></li></ul><div><strong>RELATED STORY:</strong></div><figure class="op-interactive"><iframe height="315" src="https://www.youtube.com/embed/VN2nJ9fAc6I?enablejsapi=1" width="560"></iframe></figure><div class="iwantbar">Watch more News on <a href="https://www.iwanttfc.com/#!/browse/Genres/News/tag_id_genres/id_news" target="_blank">iWantTFC</a></div>

The ADB has approved a loan to improve flood control projects in 3 Philippine river basins. 