MCC Drops Philippine Watershed Project

With costs outweighing benefits, the Millennium Challenge Corp. decided to drop a watershed management project proposed by the Philippine government,

reported. "The project is expensive if we follow American construction standards. … If a project becomes expensive the economic rate of return will be lower," said Dante Canlas, Philippine representative to MCC consultations.

About the author

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    Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.