PIA Press Release
Friday, January 06, 2012
Multiple benefits of Jalaur River project citedILOILO CITY, Jan. 6 (PIA6) -- The P11.2-billion Jalaur River Multi-Purpose Project-Stage II, once completed, will not only boost local rice production but will also yield other benefits which will contribute to the overall economic growth of Iloilo.
This project of the Department of Agriculture through the National Irrigation Administration is already on its the second phase. This will also generate 6.6 megawatts of power and additional potable water supply of 86,000 cubic meters a day for the province and city.
The project will also generate an additional 17,000 additional jobs during its construction period, pave the way for eco-tourism ventures, and create livelihood opportunities including inland fisheries.
The multi-billion-peso project will boost local production by providing year-round irrigation to about 32,000 hectares of farms that would benefit more than 700,000 farmers.
The project started, following the recent order of President Aquino for the Department of Budget and Management (DBM) to release an initial funding of P450 million.
It will be funded by a P8.95-B loan from the Export Import Bank of Korea and a P2.2-billion counterpart from the Philippine government.
The Regional Development Council (RDC) of Western Visayas also considers the Jalaur River Multi-Purpose Project as a priority project as it supports the agriculture modernization and competitiveness strategy of the 2011-2016 Regional Development Plan.
The Council chaired by Capiz Gov. Victor Tanco re-endorsed the project during its executive committee meeting in November of last year, which helped pave the way for its approval by the National Economic and Development Authority (NEDA) at the Investment Coordinating Committee level. (JCM/JSC/PIA6)