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PIA Press Release
2007/04/13

ADB commits US$5.1-M for BIMP-EAGA in 2007

PUERTO PRINCESA CITY (13 April) -- Approximately US$5.1 million has been earmarked by the Asian Development Bank (ADB) for short term projects that will be implemented in the Brunei Darussalam-Indonesia-Malaysia-Philippines East Asian Growth Area (BIMP-EAGA) for the current year.

Mr. Jacques Ferreira, ADB Regional Cooperations Specialist said that this amount will fund a broad range of development projects in the areas of transport connectivity, environment and energy which are the three priority programs for the BIMP-EAGA.

He also said that ADB is currently focusing its development efforts in the region on the connectivity aspect which would bring about competitiveness. Connectivity in transportation and communication in BIMP is perceived as the most challenging in Asia because of the archipelagic nature of the region.

For 2007, Ferreira said that ADB will provide US$500,000 in form of technical assistance to various sub projects in the priority areas and programs; US$600,000 for custom inspection and quarantine services (CIQS); US$2 million for road and energy; and another US$2 million for the marine ecosystem development in the Sulu-Sulawesi area.

Ferreira represented the Asian Development Bank in the 4th BIMP-EAGA Transport/ Infrastructure/ ICT Development Cluster Meeting of the BIMP-EAGA on 10-11 April at the Legend Hotel in Puerto Princesa City.

About 100 delegates from the four-member countries attended the meeting to discuss flagship programs and projects and agree on the deliverables as a strategy to enhance movement of trade, tourism, and investment across the region. (PIA Palawan) [top]

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