PHL gets $300-M loan for quake-proof buildings
June 4, 2021 | 12:31 am
Employees duck under the table during an earthquake drill in a hospital in Quezon City in this September 2020 photo. — PHILIPPINE STAR/ MICHAEL VARCAS
THE World Bank approved on Tuesday a new $300-million (P14.34-billion) loan for a Philippine government project that aims to protect key public buildings in Metro Manila against earthquakes, and to boost emergency preparedness.
In a statement, the Washington-based multilateral lender said the Philippines Seismic Risk Reduction and Resilience project will involve upgrading 425 structures, including school buildings and health centers, to make them more resilient against natural calamities such as earthquakes.