Did you know the United States is one of the largest stakeholders of Manila-based Asian Development Bank (ADB)?
Clarence Severens, Director at the U.S. Treasury’s Office of Development Results and Accountability, visited the ADB-funded Angat water transmission improvement project in Norzagaray, Bulacan on February 9. The project aims to provide access to safe, adequate and sustainable water supply to all residents in Metro Manila by 2025.
“We are proud that ADB is working closely with the Philippines in its infrastructure needs including water. The Philippines has large infrastructure needs, and the U.S., as the co-largest shareholder of ADB, is pleased to see ADB investing in providing water for the Manila region, one of the largest urban areas in the world,” he told reporters from Philippine Daily Inquirer, Bloomberg TV Philippines and ABS-CBN News.
Severens said infrastructure projects like the Angat water transmission improvement project can help the Philippines meet community needs, create jobs, contribute to economic growth and more sustainably use valued water resources. As water is a critical resource, it is important that all countries manage it well.
With the construction of the urgently required fourth tunnel, it will enable the decommissioning of the upstream tunnels and downstream aqueducts.
For more information on the project, you may read the statement issued by ADB last March 2016: https://www.adb.org/news/adb-loan-help-upgrade-manila-s-water-supply-system