English
ADB puts up USD7.1-B lending program for PH infra projects
Arnold Quinoviva Balairos 기자  |  aqbalairos@engdaily.com
폰트키우기 폰트줄이기 프린트하기 메일보내기 신고하기
승인 2018.07.11  15:53:25
트위터 페이스북 미투데이 네이버 구글 msn

Manila, July 11 (Engineering Daily) -- The Philippine government and Asian Development Bank (ADB) have signed an agreement covering an indicative USD7.1 billion sovereign lending program that will mainly support the Duterte administration’s “Build, Build, Build” infrastructure program over the next three years.

The Manila-based multilateral lender on Wednesday said it signed with the National Economic and Development Authority (NEDA) and the Department of Finance (DOF) a memorandum of understanding on the program, which will run from 2019 to 2021, last June 29.

“The government’s “Build, Build, Build” (BBB) program will be supported by the proposed lending program, with two-thirds of the ADB pipeline, or about USD4.5 billion, allocated for projects that connect regions and communities and manage urbanization, such as railways, bridges, roads, and flood management,” ADB said in a statement.

DOF Assistant Secretary Maria Edita Tan said ADB has been a “very responsive partner”, noting “when we asked them to consider co-financing some of the large infrastructure projects under the BBB program, ADB immediately stepped up to the challenge.”
 
The remaining one-third of the pipeline will focus on policy support and social assistance in the areas of inclusive finance, capital market development, local government development, and youth employment.
 
The agreement covers an indicative three-year rolling program that will be revisited annually.
 
ADB’s Country Operations Business Plan 2019–2021 will focus on the strategic priorities of accelerating infrastructure and long-term investments, promoting local economic development, and investing in people to support the government’s objective of lowering poverty to 14 percent of the population by 2022, from the current 21.6 percent.
 
“ADB has been very cooperative and helpful in our objectives to sustain our economic growth and achieve inclusive development. This will help bring us closer to our longer-term vision of a prosperous, middle-income country where no one is poor by 2040,” Socioeconomic Planning Secretary Ernesto Pernia said.
 
ADB Country Director for the Philippines Kelly Bird noted that ADB is committed to working closely and collaboratively with the Philippine government to ensure that the multilateral lender delivers on its pipeline of projects.

Arnold Quinoviva Balairos 기자 | aqbalairos@engdaily.com
< 저작권자 © 엔지니어링데일리 무단전재 및 재배포금지 >

[관련기사]

Arnold Quinoviva Balairos 기자의 다른기사 보기  
폰트키우기 폰트줄이기 프린트하기 메일보내기 신고하기
트위터 페이스북 미투데이 네이버 구글 msn 뒤로가기 위로가기
이 기사에 대한 댓글 이야기 (0)
자동등록방지용 코드를 입력하세요!   
확인
- 200자까지 쓰실 수 있습니다. (현재 0 byte / 최대 400byte)
- 욕설등 인신공격성 글은 삭제 합니다. [운영원칙]
이 기사에 대한 댓글 이야기 (0)
최근인기기사
1
3,900억원대 동탄-인덕원 턴키 나왔다
2
“서영엔지니어링 경영정상화, 임금지급·공개매각 전환이 우선”
3
인천시, 인천 2호선 연장 사전타당성조사 시작
4
11월 1주 엔지니어링 주간 입낙찰동향
5
11월 2주 엔지니어링 주간 입낙찰동향
6
한수원, 파키스탄서 수력발전 사업 채비 中
7
200억원대 호남고속철도 노반설계戰 결과 나왔다
8
"15조원이면 충분해" 북한 SOC개발 총력전 예고한 2019 예산안
9
유신, 2018 유신 한마음 체육대회
10
“대가 정상화하고, 부당행위 않겠다” 환골탈태 나선 LH
최신뉴스
1
"지하철역은 되고, 군비행장은 안되고" 내 집 값만 신경쓰는 지역이기주의
2
문 대통령, 싱가포르 T301 GS건설 현장 방문
3
경기도, 도봉-옥정 철도 1, 3공구 건설사업관리 입찰 中
4
베트남 고속열차사업, 자금 조달에 '발목'
5
The First High-Speed Railway of Vietnam Construction Stranded for High Cost
6
화성시 "군공항이전 특별법 개정안, 지자체 월권행위"
7
[사당골]갑중갑 정부
8
상장ENG 3분기益, 도화-유신 흑자, 한종 적자
9
필리핀 첫 자기부상열차연구센터, 카가얀 주에 건설
10
The First Maglev R&D Center to be Constructed in CSEZFP
신문사소개광고문의불편신고개인정보취급방침청소년보호정책이메일무단수집거부
명칭 : 한국엔지니어링협회  |  (07023)서울특별시 동작구 남부순환로 2017(사당동 1049-1)  |  대표전화 : 02-3019-3250  |   팩스 : 02-3019-3260
등록번호: 서울 아 02095  |  제호 : 엔지니어링데일리  |  발행인 : 이재완  |  편집인 : 염명천  |  청소년보호책임자 : 정장희  |  등록일(발행일) : 2012.04.25
Copyright © 2012 엔지니어링데일리. All rights reserved. mail to engdaily@engdaily.com