MANILA – The Asian Development Bank (ADB) will fund 12 projects worth around USD19 billion in the country next year.
In the presentation of ADB Philippines Country Director Kelly Bird during the mapping the investment ecosystem forum in Taguig City Wednesday, eight of these projects are in Mega Manila and five projects are in Mindanao.
Bird cited that among these ADB-funded projects in the National Capital Region and nearby provinces include the USD123-million EDSA Greenways Project, the USD125-million Angat Dam Water Transmission Improvement Project, the USD175-million Metro Manila Bridges Project, the USD2.75-billion Malolos-Clark Railway Project, and the USD4.25-billion South Commuter Railway, which are all ongoing projects.
Three projects are pending for approval, which include the USD1 billion to USD2-billion Metro Rail Transit Ortigas to Rizal Line (MRT-4), the USD3.3-billion Laguna Lakeshore Road Transport Project and the USD4-billion Bataan-Cavite Bridge Project.
“So you can imagine all the other infrastructure projects that the government has in Metro Manila and surrounding areas will be very different from what it is today,” he said.
In Mindanao, ADB-backed projects that are ongoing include the USD100-million Emergency Assistance for Reconstruction and Recovery of Marawi and the USD180-million Improving Growth Corridor in Mindanao Road Sector Project.
There are also three projects in Mindanao that are expected to be approved this year. These are the USD380-million Agus River Basin Integrated Flood Resilience and Adaptation Project, the USD380-million Tagum River Basin Integrated Flood Resilience and Adaptation Project, and the USD924-million Davao Public Transport Modernization Project. (PNA)
