PRIME Infrastructure Capital Inc. has signed a tripartite agreement with the Department of Environment and Natural Resources (DENR) and the provincial government of Rizal for the rehabilitation and sustainable management of the Upper Marikina River Basin Protected Landscape (UMRBPL).
The parties said in a statement on Sunday the agreement calls for the rehabilitation, conservation and sustainable management of an initial 4,000 hectares within the UMRBPL.
The memorandum of agreement (MOA) was signed by Enrique Razon Jr., Prime Infra chairman, together with DENR Secretary Maria Antonia Yulo Loyzaga and Rizal Governor Nina Ricci Ynares last Thursday.
The MOA also formalizes and builds upon a memorandum of understanding executed in February 2023.
This new agreement also aims to establish a model for afforestation, reforestation and revegetation that integrates sustainable livelihoods, biodiversity conservation, climate change mitigation and adaptation apart from disaster risk reduction while generating verified nature-
Prime Infra will also ensure project activities align with the objectives of the National Greening Program and contribute to the country’s climate change mitigation and adaptation goals.
Razon said the MOA not only establishes a model for environmental stewardship but also creates a “blueprint for future projects that will drive meaningful change to restore ecosystems and enhance climate resilience.” Rizal province hosts two of Prime Water’s key infrastructure projects, the Wawa bulk water supply project and Wawa pumped storage power project, Razon added.
