DOF endorses $20-M UAE grant for Pasig River rehab to OP

DOF endorses $20-M UAE grant for Pasig River rehab to OP

The Department of Finance (DOF) said Thursday it endorsed a proposed $20-million, or approximately P1.2 billion, grant from the government of the United Arab Emirates (UAE) to the Office of the President (OP) for the rehabilitation of the Pasig River.

DOF Backs USD20 Million United Arab Emirates Grant To Support Pasig River Restoration Project

The Department of Finance (DOF) endorsed to the Office of the President a proposed USD20-million (approximately PHP1.2 billion) grant from the United Arab Emirates (UAE) government, seeking authority to negotiate an agreement for the Pasig River Restoration project. In a statement Thursday, the DOF said the proposed assistance will support the Pasig River Restoration Project (PRRP), which targets a 25 percent reduction in plastic and organic was…