The Prime Infra-led WawaJVCo Inc. and the Department of Environment and Natural Resources (DENR) signed a landmark deal for the reforestation of some 1,800-hectare area within the Upper Marikina River Basin Protected Landscape (UMRBPL). Know more:
The Prime Infra-led WawaJVCo Inc. and the Department of Environment and Natural Resources signed a landmark deal for the reforestation of some 1,800-hectare area within the Upper Marikina River Basin Protected Landscape .
“We’re very glad for this new effort on the part of the public and private sector to address the very complexity that we are facing in terms of risks for the country. The private sector is among the leading engines of growth for the country, and we would like very much to continue exploring this type of multi-stakeholder partnerships to move the agenda of the Department forward,” Environment Secretary Maria Antonia Yulo-Loyzaga said in a statement.
Loyzaga and Razon signed the MOU on February 20 with WawaJVCo President Melvin John Tan and Environment Undersecretary Jonas Leones as witnesses. DENR and WawaJVCo will “design, develop, and establish Afforestation, Reforestation, and Revegetation programs” within the UMRBPL. The said programs intend to generate carbon units, based on internationally accepted voluntary carbon standards, which will enable investments in sustainable social and environmental projects for the communities where WawaJVCo and Prime Infra operate.
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