World Bank OKs $269 million water, sanitation project
The World Bank has approved a $268.62 million project to improve water and sanitation infrastructure in Bohol, Siargao, and Jolo. The initiative aims to provide climate-resilient water access while creating thousands of jobs over the next 25 years.
Why it matters
This project addresses critical infrastructure gaps in vulnerable Philippine island provinces, directly impacting public health and economic development.
MANILA, Philippines - The World Bank has approved a $268.62-million project aimed at expanding access to safe water and sanitation in island provinces in the Philippines.
In a statement, the World Bank said it would provide $250.87 million in financing for the Philippines Accelerated Water and Sanitation Project in Selected Areas (AWSPSA), which has a total project cost of $268.62 million.
To be implemented by the Department of Public Works and Highways and the Department of the Interior and Local Government in Bohol, Siargao and Jolo, the project is expected to create 8,700 jobs within five years of completion, or around 46,500 jobs over 25 years, through construction work.
The three islands were selected using a framework that considered poverty and water access gaps, vulnerability to climate hazards such as droughts and floods and project readiness, including local government support.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in