The National Economic and Development Authority (NEDA) and the Japan International Cooperation Agency (JICA) recently signed a grant agreement in Tokyo, Japan for the Project for Flood Disaster Mitigation in Camiguin Island amounting to about PhP500 million.
The Government of Japan (GOJ) will be extending a grant amounting to ¥1 billion (approximately PhP450 million) for the project which aims to obtain sustainable economic growth and improve the standard of living in Camiguin. These objectives are expected to be met through the enhancement of security and reliability of the Provincial highway, which is the main artery in the region; improvement of agriculture-based economy and tourism; and improvement of Sabo and flood control works.
The project also intends to mitigate the damage caused by disasters such as flood and debris flow in Camiguin Island. It involves the construction of Sabo Dams and reconstruction of the damaged Hubangon Bridge. The project sites include the Municipalities of Manbajao, Mahinog, Catarman, Sagay and Guinsiliban in the Province of Camiguin.
The project was approved by the GOJ for implementation by the Department of Public Works and Highway in Japanese fiscal year 2009.
Socioeconomic Planning Secretary and NEDA Director General Ralph G. Recto and JICA President Dr. Sadako Ogata signed the agreement in Tokyo on 19 June 2009. Witnesses to the signing were JICA Director Susumu Ito, Philippine Ambassador to Japan Domingo Siazon, JICA Director-General Osamu Murata, Mr. Hideo Noda, Mr. Naoyuki Ochiai and Japan's Ambassador to the Philippines Makoto Katsura.
The Government of Japan (GOJ) will be extending a grant amounting to ¥1 billion (approximately PhP450 million) for the project which aims to obtain sustainable economic growth and improve the standard of living in Camiguin. These objectives are expected to be met through the enhancement of security and reliability of the Provincial highway, which is the main artery in the region; improvement of agriculture-based economy and tourism; and improvement of Sabo and flood control works.
The project also intends to mitigate the damage caused by disasters such as flood and debris flow in Camiguin Island. It involves the construction of Sabo Dams and reconstruction of the damaged Hubangon Bridge. The project sites include the Municipalities of Manbajao, Mahinog, Catarman, Sagay and Guinsiliban in the Province of Camiguin.
The project was approved by the GOJ for implementation by the Department of Public Works and Highway in Japanese fiscal year 2009.
Socioeconomic Planning Secretary and NEDA Director General Ralph G. Recto and JICA President Dr. Sadako Ogata signed the agreement in Tokyo on 19 June 2009. Witnesses to the signing were JICA Director Susumu Ito, Philippine Ambassador to Japan Domingo Siazon, JICA Director-General Osamu Murata, Mr. Hideo Noda, Mr. Naoyuki Ochiai and Japan's Ambassador to the Philippines Makoto Katsura.
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