China-funded water project in the Philippines

CNC
Added On June 10, 2018

A major irrigation project is now underway in the Philippines.
 
The project is funded by a soft loan from China and costs almost 84 million U.S. dollars.
 
The Chico River Pump Irrigation Project began its construction on Friday, and will irrigate 8,700 hectares of agricultural land.
 
It will serve 21 villages and benefit over 4,000 families in Kalinga and Cagayan, two provinces in the north of the Philippines.
   
According to the Philippines’ Department of Finance, the project costs almost 84 million U.S. dollars.
 
It is the first infrastructure project financed by a Chinese soft loan during President Rodrigo Duterte's administration.
 
The project is expected to create around 15,000 jobs, with 8,000 job positions expected to remain after construction is completed.
 
A Philippines official said the project will take 3 years to be completed.