DPWH partners with Korean fund for Pampanga project
MANILA, Philippines – Government has approved the partnership between the Department of Public Works and Highways (DPWH) and the Korea Economic Development Cooperation Fund (EDCF) for a flood control project of the P3.83 billion Integrated Disaster Risk Reduction and Climate Change Adaptation in Pampanga.
The multi-year obligation authority of the DPWH with the EDCF was approved by the Department of Budget and Management (DBM).
With the approval, the DPWH now has the authority to enter into multiple-year contracts for the flood mitigation project for more than a year, and is allowed to partner with the EDCF to fulfill the requirements of the project for 5 years.
DBM said P74 million has already been released for the project for 2013 and 2014.
"The Philippines is a very typhoon-prone country and we'll need a good deal of support in implementing our disaster risk reduction initiatives. We're very grateful to the Korean government and its aid arm for joining us in our bid to build durable and disaster-proof infrastructure to protect communities in low-lying areas, specifically those in Pampanga,” said Budget Sec. Butch Abad.
DBM will provide P886.1 million in total, while EDCF will contribute P 2.94 billion for the duration of the five-year project.
Aside from the project’s flood control component, the project also aims to rehabilitate and repair school buildings for the benefit of the schools in the area.
“The challenges of climate change require us to strengthen our disaster risk management capabilities, especially in calamity-prone provinces. This project is definitely in line with the Administration’s goal of ramping up our disaster risk preparedness to avert calamity-related crises and ensure the sustainability of our drive for inclusive growth,” Abad added.