Investment through JICA-funded "LEAP2" (Private Sector Investment Finance): Building a Resilient Water Supply System in Metro Manila
Philippines, Nov. 10 -- On November 7, the Asian Development Bank (ADB) has signed an investment agreement with Maynilad Water Services, Inc., a water utility provider in Metro Manila of the Republic of the Philippines. The total amount of the investment is USD145 million, of which USD45 million will be provided through JICA-funded LEAP 2.LEAP 2 is an ADB-managed fund with commitment from JICA. It focuses on sustainable private sector infrastructure projects that reduce carbon emissions, improve energy efficiency, and provide affordable healthcare, education, and communication services to ADB's developing member countries.Changing rainfall patterns, economic development, rapid urbanization, and population growth have contributed to intermit...
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