PSF Board okays release of ₱500M for LGU climate adaptation projects

The People’s Survival Fund (PSF) Board has approved over P500 million worth of climate adaptation projects for various local government units (LGUs), according to the Department of Finance (DOF). The DOF said the PSF Board, chaired by Finance Secretary Benjamin E. Diokno, recently approved P539 million worth of new climate adaptation projects.

The People’s Survival Fund Board has approved over P500 million worth of climate adaptation projects for various local government units , according to the Department of Finance .

The projects that were approved by the PSF Board were P126.4-million drainage and early warning systems installation and agroforestry industry development in Maramag Bukidnon, P21.28-million solar-powered irrigation project in Cabagan, Isabela and P2.63-million mangrove rehabilitation project in Catanauan, Quezon.

“For our part, the DOF shall continue to address the delays in the current system by improving processing time and providing sufficient resources to assist our proponents,” Diokno added.

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BusinessMirror /  🏆 19. in PH

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