Betting on Bankability: Picking up the pace of Manila’s Light Rail Transit system

When the Manila Light Rail Transit (LRT) extension project reached financial close in March 2016 it was a landmark event for the Philippines and for Southeast Asia. It is an achievement for an enormous project worth some US$1.1 billion to go ahead in a region with not much of a track record of large-scale transport Public-Private Partnerships (PPPs). The project’s winning formula is a combination of at-times difficult ingredients: government responsiveness, a balanced risk profile, and project bankability. Continue reading

Deltares and the World Bank: examples of close collaboration in the Philippines

Deltares is a leading independent institute for applied research and high-end consultancy, operating worldwide in the field of water and subsurface. More than 800 specialists develop innovative insights to make living safe, sustainable and economically successful. Through many collaborative missions, seminars and projects Deltares shares its breakthroughs on Flood Risk Management, Environment, Water and Subsoil Resources, Delta Infrastructure, Adaptive Delta Planning and advanced Software Products with the World Bank.

Through the Water Partnership Program (WPP, a joint partnership between the World Bank and the Governments of the Netherlands) Deltares has supported the World Bank in the Philippines by providing technical assistance on dredging operations in river basins, developing advanced flood inundation models (using Lidar datasets) meanwhile capacitating local engineers in advanced modeling techniques. Another project included a coastal engineering study to prevent flooding in Manila and carrying out detailed assessments on upgrading of pumping stations in Manila.

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$81 Billion Mobilized in 2015 to Tackle Climate Change – Joint MDB Report

Manila, Philippines, August 9, 2016 – Climate finance totaling $81 billion was mobilized for projects funded by the world’s six largest multilateral development banks (MDBs) in 2015. This included $25 billion of MDBs’ direct climate finance, combined with a further $56 billion from other investors.

The latest MDB climate finance figures are detailed in the 2015 Joint Report on Multilateral Development Banks’ Climate Finance, prepared by the Asian Development Bank (ADB) together with MDB partners: the African Development Bank (AfDB), the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), the Inter-American Development Bank Group (IDBG), and the World Bank Group (WBG).

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