WB, China agree to finance MMDA’s $500M flood control project
The World Bank (WB) and the Asian Infrastructure Investment Bank (AIIB) will bankroll the $500 million flood control and solid waste management project of the Metropolitan Manila Development Authority (MMDA).
Under the project, 36 existing pumping stations will be modernized while 20 new ones will be built.
Support infrastructure along critical waterways will also be improved in the cities of Manila, Pasay, Taguig, Makati, Malabon, Mandaluyong, San Juan, Pasig, Valenzuela, Quezon City, and Caloocan.
The community-based solid waste management activities include the improvement of solid waste collection services, community mobilization and awareness campaigns, incentive-based waste collection and purchase of waste collection equipment within the vicinity of pumping stations, waterways and drainage channels.
“Said component is expected to support other existing MMDA flood control and clean-up operations such as the ‘Estero Blitz’, dredging of open waterways, de-clogging of drainage laterals, and de-silting of drainage mains and interceptors,” the agency said in a statement.
The Department of Public Works and Highways will be in charge of modernizing the 36 pumping stations operated by the MMDA and constructing new ones.
The National Housing Authority (NHA) and the Social Housing Finance Corp. (SHFC) will be responsible for the resettlement of informal settler families.
The WB has approved its counterpart funding worth $207.6 million for the flood control project last September 28.
The China-led AIIB has likewise approved similar funding of $207.6 million while the Philippine government will shoulder the balance of $84.8 million.
The project, which will be implemented from 2018 to 2023, is expected to benefit 760,000 households living within the affected drainage areas in Metro Manila.