Business World

Senator: Benham Rise research funded since 2016

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SENATOR LOREN B. Legarda in a statement on Tuesday said she had allocated funds for the Philippine Rise (Benham Rise) expedition as early as 2016 and every year thereafter. Ms. Legarda said she did this in her capacity as chairperso­n of the Senate committee on finance. “In 2016, we already allocated funds for research in the Philippine Rise especially since initial exploratio­ns showed 100% coral cover in several sites. In 2017, we allocated P32 million for assessment and baseline activities… and then again for 2018, P60 million was allocated in the DENR (Department of Environmen­t and Natural Resources) budget for the Philippine Rise — P30 million for geologic and offshore mapping under the Mines and Geoscience­s Bureau (MGB) and P30 million for scientific expedition and management of coastal habitat under the (DENR-Biodiversi­ty Management Bureau),” said the senator. She noted further that the Department of Science and Technology (DoST) already did an exploratio­n, mapping and assessment of deep water areas in the Philippine Rise from 2014-2016 with a total budget of P39.575 million. “We await the consolidat­ed results of these research activities from our government agencies. Based on the initial informatio­n we received, the area shows great potential in terms of energy, mineral and other biological marine resources that are vital to harnessing energy and food security in our country, ” Ms. Legarda said.

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