Philippines: ADB approves technical assistance for flood risk management project

Source(s): Business World

By Elijah Joseph C. Tubayan

The ASIAN Development Bank (ADB) on June 21 said it approved a technical assistance grant for the Integrated Flood Risk Management Sector Project covering various river basins across the Philippines.

The grant involves a $1-million technical assistance grant, co-financed with another $300,000 grant from the Cooperation Fund for Project Preparation in the Greater Mekong Subregion and in Other Specific Asian Countries.

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ADB will assist the government by improving flood risk management planning through strengthening data acquisition and data management, and improving flood protection asset management.

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“The project will enhance their resilience to disasters by reducing flood risks, reducing vulnerability before, during, and after flooding events, improving early warning systems, rehabilitating flood protection infrastructure, incorporating flood risk in land-use planning and management, preparing disaster risk reduction and management (DRRM) plans, and improving community awareness and preparedness,” it added.

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