The government and its foreign partners are speeding up the rehabilitation and reconstruction works on the war-torn city of Marawi in Mindanao, a Finance Department official said Thursday.
Finance assistant secretary and spokesman Antonio Joselito Lambino II said funding from both local and foreign sources enabled the Duterte administration to fast-track the extensive planning and preparations required for the P67.99-billion Marawi rehabilitation, a year after government troops liberated it from Islamic State-inspired militants.
The department said of the amount needed for Marawi’s rehabilitation, about P41.81 billion was already been raised by the government. Of this, P6.64 billion came from various forms of humanitarian assistance from multilateral and bilateral partners during the early stages of the recovery program for Marawi.
Lambino said the P35.17 billion balance would be sourced from the Philippines’ development partners which offered concessional loans and grants during the pledging session for the Bangon Marawi Comprehensive Recovery and Rehabilitation Program on Nov. 28 in Davao City.