The Asian Development Bank said Wednesday it approved a $303-million (roughly P17 billion) loan to reduce flood and climate risks
The Agus River Basin is one of the three major river basins in the Philippines whose flood infrastructure protection will be upgraded under a new ADB loan.
The infrastructure takes into account future climate change impacts and incorporates nature-based solutions such as restoring and reconnecting old river channels for natural drainage and reinforcing riverbanks with mangroves and vegetation planting. The project will help strengthen the Philippines’ capacity to perform flood risk management planning by providing training for government officials, installing equipment for weather and river flow monitoring and early flood warning, and introducing an asset management information system.
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