The Philippines, South Korea Sign Loan Deal for Pampanga Dredging

His Excellency President Benigno Aquino III of the Republic of the Philippines, together with Her Excellency President Park Geun-hye of the Republic of Korea, witnessed the signing of a Loan Agreement to support the implementation of the Integrated Disaster Risk Reduction and Climate Change Adaptation Measures in the Low Lying Areas of Pampanga Bay Project.

Finance Secretary Cesar V. Purisima signed the Loan Agreement on behalf of the Philippine Government while Export-Import Bank of Korea (KEXIM) Chairman and President Yong Hwan Kim signed on behalf of the Republic of Korea.

Under the Agreement, the Republic of Korea, through KEXIM-Economic Development Cooperation Fund, will provide an ODA loan amounting to US$80.483 million to primarily support the excavation and dredging of the Third River, Caduang Tete River and Sapang Maragul River in Pampanga by the Department of Public Works and Highways.

Through this, the project is envisioned to mitigate flooding in the low-lying areas of Macabebe, Masantol, Minalin and Sto. Tomas along the Pampanga delta. Further, the loan will support the Department of Education’s reconstruction of 232 classrooms in 47 schools, embankment heightening of 26 schools, and construction of deep well pumps in 11 schools in the area.

With the project, the extent, level and duration of flooding in the surrounding areas of the Pampanga delta will be reduced, and the capacity of educational facilities in the area in coping with disasters will be enhanced”, Secretary Purisima said.

The Korean Government has continually extended assistance in various development projects, most especially in rural areas in the Philippines including:

a) the construction and development of the Laguindingan Airport in Misamis Oriental, which has recently began commercial operations last June 2013;

b) the Jalaur River Multipurpose Project Stage II in Iloilo Province; and c) the recently signed Samar Pacific Coastal Road Project, that traverses towns in Northern and Eastern Samar.

Press Release, October 22, 2013

 

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2019 Western Dredging Association Gulf Coast Chapter Annual Meeting

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3rd International Congress Hydraulic Engineering Structures and Dredging

Russia’s leading maritime industry Media Group PortNews (www.portnews.ru) holds a traditional annual Congress “Hydraulic Engineering Structures and Dredging” in Moscow. 

The two-day Congress includes the 7th International Forum of Dredging Companies and the 3rd Technical Conference “Modern Solutions for Hydraulic Engineering”.

Infrastructure development is among the real sources of Russia’s economy growth. Construction of port facilities and new hydraulic engineering structures on the country’s inland waterways constitute an essential part of all infrastructure projects. It is important to take into account the best international practices to implement these projects effectively.

The program of the Congress will be devoted to the latest technologies for dredging and hydraulic engineering works. Speakers and delegates will refer to real projects to discuss specifics features of dredging works, as well as dedicated fleet and equipment involved.

To learn more about event, please, contact the organizing committee: snitko@portnews.ru

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