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PHL gets $300-M loan for quake-proof buildings


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. ....

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World Bank OKs $600 million loan for Philippines


World Bank OKs $600 million loan for Philippines
Elijah Felice Rosales
© STAR/File
World Bank OKs $600 million loan for Philippines
MANILA, Philippines The World Bank has approved close to $600 million worth of new projects in the Philippines to renovate state buildings in Metro Manila and scale up fish production in coastal towns.
The Washington-based multilateral has committed $300 million out of the $309.5-million Philippines Seismic Risk Reduction and Resilience Project that will improve the strength of government structures in Metro Manila to withstand earthquakes.
The project also intends to capacitate the Department of Public Works and Highways (DPWH) to better prepare for and respond to emergencies. ....

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