In Philippines, JICA Approves Reallocation of Loan Savings for Infrastructure Repair

The Japan International Cooperation Agency has allowed the Philippines to use some 493 million Philippine pesos ($11.5 million) it saved from previous JICA loans for the rehabilitation of more bridges, roads and flood control facilities damaged by floods that hit the country in 2009.

According to the Philippine Department of Public Works and Highways, the savings were acquired through the rebidding of 19 projects under loans provided by JICA in 2010 for the reconstruction of infrastructure damaged by floods caused by typhoons Ketsana and Parma, GMA News reports.

“JICA has granted the DPWH request to rehabilitate new additional roads, bridges and flood control damaged by typhoon ‘Ondoy’ and ‘Pepeng’ using the JICA-funded Post Ondoy and Pepeng Short term Infrastructure Rehabilitation Project (POPSTIRP) balance or savings,” the department said.

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About the author

  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.