Skip to content

Philippines Today

home of the Global Filipino

Menu
  • News Stories
  • Regional News
  • Business & Economy
  • Science & Technology
  • International
Menu

P361B needed for Yolanda recovery

Posted on December 18, 2013

MANILA, Dec. 18 (PNA) -– The Philippine government would need P361 billion for the reconstruction and rehabilitation of areas devastated by super typhoon Yolanda that wreaked havoc across the Central Visayas last month.

A national recovery blueprint, called the Reconstruction Assistance on Yolanda (RAY), was formally launched by the government on Wednesday at the Department of Foreign Affairs, to address the impact of the storm, also known by its international name Haiyan.

Funding requirements are as follows: shelter and resettlement (P183.3 billion), public infrastructure (P28.4 billion), education and health services (P37.4 billion), agriculture (P18.7 billion), industry and services (P70.6 billion), local government (P4 billion) and social protection (P18.4 billion).

Economic Planning Secretary Arsenio Balisacan said the required amount will be spread over four years, in line with a phased, cumulative and flexible implementation of RAY.

“The government has allocated about P34B for the critical immediate actions, which are now underway. Another P100 billion is forthcoming in 2014,” Balisacan said.

He said the plan aims to restore the economic and social conditions of the said areas at the very least to their pre-typhoon levels and to a higher level of disaster resilience.

Speaking before Philippine international donors and diplomats, Foreign Affairs Secretary Albert del Rosario assured donors that the government will handle the contributions with accountability, coherence and effectiveness.

“All of us view Yolanda’s challenge as an opportunity for the Philippines to further stimulate the economy and improve the quality of life of our people,” Del Rosario said.

“In transformative terms, we aspire to employ the ‘build back better’ principle and scale-up disaster risk reduction strategies not only to reduce our vulnerabilities to climate change, but also to strengthen our national capacities to cope with future shocks.”

RAY’s design and its estimated investment requirements are based on the results of the damage, loss and needs assessment using data from national government agency-led sector teams, the government said.

In some cases, it said, upward adjustments were made to fully reflect the costs of integrating disaster-resilient standards into the reconstruction needs for some sectors, as well as to address estimated income losses in agriculture enterprises, and to provide adequate social protection.

Total damage and loss from Yolanda was initially estimated at P 571.1 billion.

The storm, the strongest recorded to make a landfall, killed at least 6,000 people, and decimated towns and villages in its path.

Damage and loss to infrastructure is estimated at P33.98 billion, agriculture (P62.11 billion), industry and services (P116 billion), education (P23.9 billion), health (P5.57 billion), housing (P325.24 billion), and local government (P4.3 billion). (PNA)

Share this:

  • Facebook
  • Twitter
  • LinkedIn
  • Pinterest
  • More
  • Tumblr
  • Reddit

Related

News Categories

  • Announcement (34)
  • Business & Economy (1,567)
  • Comment and Opinion (74)
    • Random Thoughts (18)
  • Current Issues (425)
    • Charter Change (1)
    • Election (228)
    • Population (6)
  • International (389)
  • Life In Japan (66)
    • Everything Japan (41)
  • Literary (34)
  • Miscellaneous (610)
  • News Stories (5,312)
  • OFW Corner (297)
  • Others (75)
  • People (408)
  • Press Releases (163)
  • Regional News (3,362)
  • Science and Technology (502)
  • Sports & Entertainment (287)

Latest News

  • BSP keeps policy rates anew December 17, 2015
  • NEDA cuts PHL additional rice import for 2016 by 25% December 17, 2015
  • DA cites serious implications of banning genetically modified products December 17, 2015
  • BBL is not yet dead – Drilon December 17, 2015
  • Comelec recognizes Duterte’s CoC for president December 17, 2015
  • NEDA chief sees 2015 growth at 6% despite typhoons December 17, 2015
  • House of Representatives ratifies bicam report on P3.002-T national budget for 2016 December 17, 2015
  • Cebu-based developer invests PHP430M to build 709 townhouse units in north Cebu town December 17, 2015
  • City gov’t eyes P75-M income from economic enterprise December 17, 2015
  • Baguio City LGU presents traffic plan for holiday season December 17, 2015

Archives

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

Science and Technology

  • DOST-ICTO targets 500,000 web-based workers from countryside by 2016
  • (Feature) STARBOOKS: A ‘makeover’ for librarians
  • Science, research reduce ‘cocolisap’ hotspot areas in PHL
  • Montejo to further improve PAGASA and empower scientists
  • 1st PPP in biomedical research produces knee replacement system fit for Asians

Press Releases

  • Microsoft to buy Nokia’s mobile devices business for 5.44-B euros
  • New World Bank climate change report should spur SEA and world leaders into action: Greenpeace
  • Save the Philippine Seas before it’s too late — Greenpeace
  • Palanca Awards’ last call for entries
  • Philippines joins the global call for Arctic protection

Comment and Opinion

  • Remembering the dead is a celebration of life
  • Killer earthquake unlikely to hit Panay Island in near future – analyst
  • It’s not just more fun to invest in the Philippines, it is also profitable, says President Aquino
  • How does one differentiate a tamaraw from a carabao?
  • Fun is not just about the place, it is also about the people, says DOT chief

OFW Corner

  • Ebola infection risk low in Croatia
  • Death toll rises to 41, over 100 still missing in landslide in India
  • Asbestos use in construction a labor hazard
  • 500,000 OFWs to benefit POEA on-line transactions — Baldoz
  • 25 distressed OFWs return home from Riyadh
©2025 Philippines Today | Design: Newspaperly WordPress Theme