DOF chief seals financing deal to rebuild over 3-K climate-resilient schools damaged by typhoons
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NewsTranscript
00:00Department of Finance Secretary Ralph Recto has secured financing agreement with the World Bank
00:05to rebuild over 3,000 schools across the country damaged by typhoons. The Infrastructure for Safer
00:12and Resilient Schools project will focus on repairing and rebuilding schools to withstand
00:17future natural disasters. The project, worth 555.56 million dollars, will be funded with
00:25500 million dollars from the World Bank, while the rest will be covered by the government.
00:30It will run from 2024 to 2029, led by the Department of Education, in partnership
00:36with the Department of Public Works and Highways. Secretary Recto emphasized improving school
00:42infrastructure is key to ensuring a better future for the youth and the nation.