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Finance Secretary Cesar V. Purisima and Japan International Cooperation Agency Chief Representative Noriaki Niwa yesterday officially signed two yen loan agreements including the Flood Risk Management Project (FRMP) for Cagayan de Oro River worth JPY 11.6 billion (approximately PhP 5.011 billion).

The FRMP aims to mitigate flood risk in Cagayan de Oro River Basin through the construction of new dikes and improvement of existing bridges in Cagayan de Oro, among others. Read more HERE.

photo from dfa.gov.ph

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