DBP lends P2B for Kabankalan City flood control projects

MANILA, Philippines — State-owned Development Bank of the Philippines (DBP) has approved a P2-billion loan to the local government of Kabankalan City in Negros Occidental to fund infrastructure projects that will address decades-long flooding. According to the DBP, Kabankalan City will use the funds to implement infrastructure projects designed to mitigate flooding caused by the overflow of the Ilog-Hilabanga River, a natural catch basin that swells during heavy rainfall and typhoons. The loan comes in three tranches under the Assistance for Economic and Social Development (Asenso) for Local Government Units Financing Program, which covers climate adaptation and disaster-resiliency public works and […]... Keep on reading: DBP lends P2B for Kabankalan City flood control projects

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