Floods sweep P18 million in dam construction

The Chinese company is constructing the Dikgatlhong Dam. Speaking during a stakeholders meeting to review progress of the dam construction, Jing Jinke of Sinohydro said that the loss covers P10.78 million damage to plant and machinery and P7.7 million destruction of constructed works.

This major setback implies that the project that was scheduled to finish in 2014 will be delayed for one year and the cost increment is estimated at P91 million. Jinkie said they have already reported the incident to the insurance company and forwarded suggestions to project engineers for consideration. Sinhydro has increased the number of temporary employees by 300 after the flood disaster to minimise the loss and accelerate the pace of construction.