Catalytic Green Finance Archives - American Stock News

MANILA, PHILIPPINES (14 December 2020) — The EDSA Greenways Project will help the government construct 5 kilometers of covered walkways, which will be linked to mass transit stations along EDSA, namely the Balintawak, Cubao, Guadalupe, and Taft stations. The 5-meter-wide structures, equipped with elevators and monitoring systems, will be easily accessible for pedestrians, including the elderly, pregnant women, young children, and people with disabilities. “The EDSA Greenways Project is an integral part of the government’s transport strategy to make Metro Manila a better place to live, work, and visit,” said ADB’s Southeast Asia Transport and Communications Director Hiroaki Yamaguchi. “This project is an important part of our contribution to helping make that vision a reality for Filipinos.” The project is part of the government’s “Build, Build, Build” infrastructure development program aimed at boosting public spending on infrastructure to attract investments, provide improved connectivity, and spur economic growth. “This project will encourage more Filipinos to switch from private vehicles to public transport, which is being strengthened with the North–South Commuter railway, the Metro Manila subway, and the upgraded Light Rail/Metro Rail Transit systems. The project, to be built with cutting-edge technology for cantilever overhead walkways, will provide safe, inclusive, and equitable access for commuters while lowering CO2 emissions,” said ADB Senior Transport Specialist for Southeast Asia Shuji Kimura. Metro Manila is considered the most congested city in Asia in terms of population, land area, and length of road networks, based on ADB’s 2019 Asian Development Outlook. Annual average daily traffic on EDSA reached 405,882 vehicles in 2019, up about 6% from 383,828 in 2018, according to the Metro Manila Development Authority, a government agency. The project will support Metro Manila’s recovery from the coronavirus disease (COVID-19) pandemic. It is expected to create much-needed jobs during the construction period, with Php3 billion ($61 million) to be spent on local raw materials. The civil works contracts for the project are expected to be awarded during the first half of 2021. The project, including improving existing walkways and building new elevated walkways, is expected to cause minimal traffic disruptions. An international consulting firm has been hired to work on the project’s feasibility study with the Department of Transportation, with funding from ADB’s Infrastructure Preparation and Innovation Facility. The project will also be supported by a $15 million loan from the Association of Southeast Asian Nations (ASEAN) Catalytic Green Finance Facility, which will be administered by ADB.

Top News on Stock Markets, Brands and Corporations

Catalytic Green Finance

$123 Million ADB Loan to Help Build Elevated Walkways in Manila

Web Success Portal (Success Study LLC) Setting Business Goals: Steps to Successful Planning

Meeks Welcomes End of Assad Regime, Calls for Inclusive, Peaceful Transition in Syria

What is the Stock Exchange?

Who is Scott Bessent? Trump picks hedge fund manager for treasury secretary

Hollywood’s 100 Favorite Films

Top 50 Men: Most Famous and Handsome Male Celebrities in the World

Weleda’s ‘Save Earth’s Skin’ Movement Spreads in Georgia

Did Coca-Cola Add ‘Try To Be Less White’ to Cans?

Condor takes off for DHL Express

Top 50 Countries Ranking – Adventure, Heritage and other factors

Carte Noire: A Success Story on the Georgian Coffee Market

Restaurant Qvevri to Open Branch in Black Sea City of Batumi This Summer

Lotus – aesthetic medical centers. Expansion Plan of Lotus – Interview With Director Tea Ebralidze

Proservice Ventures Into International Operations Under New Brand Nixonic

Hollywood’s 100 Favorite Films

Top 50 Men: Most Famous and Handsome Male Celebrities in the World

Suggestions

Catalytic Green Finance