DAVAO CITY Aug. 7 (PIA)- Mindanao is being eyed to have an infrastructure allocation of P34.29-billion this 2014.
This according to President Benigno Aquino III during his speech at the 22nd Mindanao Business Conference held today (August 7) at the SMX Convention Center in Davao City.
“For 2014 alone, we are proposing to the congress that the DPWH is set to allocate another 34.29 billion pesos for projects in the region.” The President said in his speech.
The chief executive noted that for 2011-2013 the Department of Public Works and Highways (DPWH) has allocated P61.54 billion for roads, bridges and other infrastructure projects in Mindanao.
During his speech the President enumerated other high-level projects currently being accomplished in the region, this include the Lake Lanao Circumferential Road Project worth P767-million pesos, which will be completed in February 2015.
Aside from roads the government is also rehabilitating 15 airports and 46 ports, according to the President the goal is to see a Mindanao economy no longer stifled by a lack of proper roads, ports, or airports.
In one of the issues raised by Mindanao business leaders during the regular consultations held before this year’s Minbizcon, they have asked for more infrastructure projects in the region which could help them prepare for the incoming ASEAN (Association of Southeast Asian Nations) Integration by 2015. The integration will combine the ASEAN member-states into one single market economy.
“The vision here is also to create a Mindanao that can compete within the ASEAN community—this is a vision that, with government and private sector initiatives, as well as continuing solidarity, can surely be achieved; and we believe our projects are doing precisely that.” The President said in his speech.
President Aquino is the first President to attend the biennial gathering of business leaders, government officials and other stakeholders in Mindanao. (PIA/RG Alama)
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