Sunday 23 September
Powered by Ajaxy
Sep 5, 2018 @ 11:16

NIA secures funding from Korean gov’t to build Jalaur dam

The National Irrigation Administration (NIA) has secured a more than P8-billion loan from the South Korean government, the largest official development assistance (ODA) that the East Asian nation has granted so far, for the long delayed development of the Jalaur River Multipurpose Project (JRMP).

In a statement, NIA said the stage two of Jalaur River Multipurpose Project (JRMP-II) will be started earlier than expected with the signing of the contract between the agency and Daewoo Engineering and Construction Co., Ltd., the chosen developer for the project.

The P11.212-billion JRMP Stage 11 is the 8th big irrigation project to ground break under the Duterte Administration, and the second project to be funded by Korean Export-Import (KEXIM) Bank. The recently inaugurated PASA Small Reservoir Irrigation Project was the first project funded under a grant by the Korean Government through the KEXIM Bank.

Senator Franklin Drilon, who initiated the loan proposal, said this is the single biggest loan that South Korea is providing.

The deal with Daewoo involves the construction of 109-meter Jalaur High Dam, 38.5-meter Afterbay Dam, 10-meter Alibutan Catch Dam, 80.74-kilometer Highline Canal, and its appurtenant structures.

Groundbreaking is scheduled on the first week of October this year.

It is noteworthy to mention that the construction of JRMP was mandated under Republic Act (RA) 2651 enacted by Congress in 1960. Due to insufficient funds, the project was implemented in two stages. Stage I is the rehabilitation of existing irrigation systems covering an area of 22,340 hectares. Stage II is the construction of high dam, hydropower electric plant, domestic water supply, watershed management.

Stage 1 was completed in 1983, while Stage II was stalled since 1988 for unknown reasons.

After 30 years, JRMP Stage 11 will be started.


Trending News

Recommended on sister sites

Copyright © 2018 - Latest News on Celebrities, Politikos and Businessmen that loves food!.