Neda approves P30B DepEd project to rebuild schools outside Metro Manila
TENT CLASS Pupils of Balijuagan Elementary School in Roxas City, Capiz attend class inside a tent beside their damaged school building. (File photo dated Dec. 16, 2013 courtesy of DEPED REGIONAL OFFICE)
MANILA, Philippines — The National Economic and Development Authority (NEDA) Board approved on Wednesday a P30.5 billion project to rebuild schools outside of Metro Manila.
The Department of Education’s Infrastructure for Safer and Resilient Schools (ISRS) Project will be largely funded by an official development assistance loan from the World Bank-International Bank for Reconstruction and Development.
READ: Neda chief: Reopen schools, secure PH kids’ future
“Of the P30.56 billion total project cost, P27.50 billion will come from loan proceeds while the P3.06 billion will be counterpart fund from the national government,” said the Presidential Communications Office (PCO) in a statement.
The ISRS will be implemented from 2025 to 2029, targeting schools outside of the capital which were damaged by calamities from 2019 to 2023.
Article continues after this advertisement“It is expected to benefit 1,282 schools, 4,756 school buildings, 13,101 classrooms, and 741,038 learners,” said the PCO.
