China-led Asian Infrastructure Investment Bank (AIIB) has joined the World Bank in lamenting the slow implementation of the massive flood project in Metro Manila which the two lenders bankrolled.
Referring to the $500-million Metro Manila Flood Management Project, Beijing-based AIIB said “implementation has been progressing slower than the originally agreed timelines.”
The Department of Public Works and Highways (DPWH) and the Metropolitan Manila Development Authority (MMDA) have been jointly implementing this project since 2018.
“The modernization of one pumping station, Balut, progressed well until the enhanced community quarantine was put in place on Mar. 16, 2020. The extend…
Keep on reading: Slow progress of flood project disappoints lenders