ADB approves $408m to help gov’t rebuild Marawi

December 14, 2018

The Asian Development Bank (ADB) approved Thursday a $408 million financing package to assist the government in rebuilding and rehabilitating the southern Philippine city of Marawi and help residents regain their livelihoods.

The Emergency Assistance for Reconstruction and Recovery of Marawi package includes a $300 million quick disbursing loan to finance selected programs, projects, and activities under the government’s Bangon Marawi Comprehensive Rehabilitation and Recovery Program covering local governance and peace building, housing and settlement, business and livelihood, and social services.

A second loan of $100 million will finance the reconstruction and rehabilitation by the Department of Public Works and Highways of damaged infrastructure in the city, including about 25 kilometers of roads and 1,700 meters of bridges and viaducts.

Many internally displaced people (IDPs) are slowly returning to Marawi and surrounding municipalities after the five-month siege in 2017.

The delivery of basic utilities, social  services, and educational resources for children of IDPs have yet to catch up with the needs of residents. DMS