The proposed grant awaits final government approval before negotiations can begin.
The Philippines is seeking a $20-million (approximately ₱1.2 billion) grant from the United Arab Emirates (UAE) to help reduce plastic and organic waste entering the Pasig River system, as the government pushes for stronger waste management and recovery efforts in surrounding communities.
The Department of Finance (DOF) said it has sought authority from the national government to negotiate an agreement with the UAE for the proposed assistance, which would fund the Pasig River Restoration Project (PRRP).
The five-year project aims to reduce plastic and organic waste entering the river system by 25% through improved waste recovery, household segregation and collection, and waste processing.
It also includes capacity-building and support for informal waste collectors, as well as stronger enforcement against illegal dumping.
The DOF said it would facilitate negotiations with the UAE government in coordination with concerned government agencies once it secures the necessary authority.
The proposed funding has yet to be finalized, with negotiations still subject to government approval.
As radar’s business editor, Kenneth oversees stories on innovation, enterprise, and business trends. Off the clock, you’ll find him jamming to Mariah Carey, logging miles on a run, or diving for a volleyball.