The government has approved a P3.8-billion flood control project in Pampanga that will be partly funded by the Korea Economic Development Cooperation Fund (EDCF) in line with efforts to strengthen the country’s disaster risk management capabilities.
The Department of Budget and Management (DBM) said it has approved the joint multi-year obligation authority (MYOA) of the Department of Public Works and Highways (DPWH) and the Korea EDCF to implement the five-year flood control project.
The MYOA will provide for the project requirements from 2013 to 2017. Of the P3.8 billion project cost, the DPWH will contribute P886.1 million while the EDCF will shell out P2.9 billion.
“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,” Budget Secretary Florencio Abad said.
For 2013 and 2014, the DBM has already released P74 million out of the MYOA, which were charged to the 2013 and 2014 General Appropriations Act (GAA). The 2015 to 2017 budget requirement would also be charged to the DPWH budget upon Congress approval.
The MYOA allows DPWH to engage in multiple-year contracts and to partner with EDCF for the project requirements. Aside from the flood control component of the Pampanga project, rehabilitation and repair of school buildings will also be included to benefit the schools in the area.
“The challenges of climate change require us to strengthen our disaster risk management capabilities, especially in calamity-prone provinces,” Abad said.
“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,” the budget chief added.