by Staff Writers
Manila (AFP) Sept 29, 2017
The Philippines will receive a loan of $415.2 million from the World Bank and the China-backed Asian Infrastructure Investment Bank (AIIB) to help it solve chronic flooding in its capital city.
The lenders will put up $207.6 million each for a $500-million project in Manila, with the Philippine government footing the balance, the banks said in a joint statement Friday.
Over the next seven years, the government plans to rebuild or construct 56 stations to pump floodwaters from the coastal metropolis of 13 million people, the statement said.
The current system was built for the typhoon-prone city four decades ago.
"Recurrent flooding has made life more difficult for the poorest populations who live in low-lying areas, on riverbanks, and in other danger zones," said Mara Warwick, World Bank country director for the Philippines.
"The floods disrupt business and commercial activities, causing unnecessary economic costs," added Supee Teravaninthorn, AIIB director-general for investment operations.
Flooding from Tropical Storm Ketsana wreaked havoc in Manila in 2009, with damage and losses equivalent to around 2.7 percent of the economy, according to the banks.
"The master plan will take 25 years to implement, but this phase of modernising Metro Manila's pumping stations will ensure that several million residents will be less vulnerable to floods," Public Works Secretary Mark Villar said.
Washington (UPI) Sep 27, 2017
New research out of Germany suggests efforts to curb erosion aren't sufficient to prevent severe siltation in rivers. In a paper published this week in the journal Land Degradation and Development, scientists at the Technical University of Munich argue siltation will remain a problem as long as rivers are straightjacketed and denied the freedom to twist and bend. "The prevention ... read more
Bringing Order To A World Of Disasters
When the Earth Quakes
A world of storm and tempest
|The content herein, unless otherwise known to be public domain, are Copyright 1995-2017 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement|