Construction and Equipment Firms Help With Post-Typhoon Philippines Relief Aid, but Rebuilding Seems Far Off

One week after Typhoon Haiyan hammered the central Philippines, a key road in one of the hardest-hit areas has been cleared and relief aid is starting to flow. But the damage is severe and extensive, and it is likely to be some time before major cleanup and rebuilding can begin.

While it was not immediately clear how involved engineering and construction firms would be in the relief and rebuilding efforts, two major multinational banks on Nov. 18 announced they would provide more than $1 billion in financial aid and dispatch "disaster experts."

The United Nations earlier had reached out to member countries for $300 million for immediate needs.

Some design, construction and equipment firms are responding. U.K-based construction equipment-maker JCB and South Korea's Hyundai Heavy Industries both announced heavy-equipment donations to the relief efforts.

For more about Typhoon Haiyan relief efforts...

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