Thursday, May 17, 2012
World Bank loans $275 million to tackle Philippines sewage
Terra Daily via AFP: The World Bank is lending the Philippines
$275 million to tackle huge volumes of untreated sewage that threaten to
swallow the capital Manila, the lender said Wednesday.
The loan would be reinvested by a government bank into
Manila Water Co. and Maynilad Water Services projects to boost the two
utilities' household wastewater collection and treatment systems, the World
Bank said.
World Bank country director Motoo Konishi said the project
is part of the lender's broader programme to support the urban renewal of
Manila, a metropolis of at least 12 million people that is blighted with huge
slums.
Its residents produce about two million cubic metres (500
million gallons) of wastewater a day, of which only 17 percent is treated
before being released into Manila Bay, the bank said...
Labels:
aid,
Philippines,
sanitation,
World Bank-IMF
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