THE Asian Development Bank (ADB) said Wednesday it has approved a $303-million loan for an infrastructure project that is expected to reduce flood and climate risks and protect people and livelihoods in three major river basins in the Philippines. In a statement on Wednesday, ADB said Phase 1 of the…
THE Asian Development Bank said Wednesday it has approved a $303-million loan for an infrastructure project that is expected to reduce flood and climate risks and protect people and livelihoods in three major river basins in the Philippines.
The multilateral development bank said 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. “Climate change is expected to raise risks from extreme weather events. These river basin communities are highly vulnerable to climate-related hazards, as we have seen in recent years when typhoons destroyed infrastructure, displaced families, and damaged crops,” Sagara said.
According to ADB, the project also aims to boost community-based flood risk management by supporting 22 local government units and about 150 barangays in updating their climate and disaster risk assessments and integrating flood risk management in local development plans.
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