Wednesday, October 15, 2014

Boosting local economy

Determined to improve the economic sector, the province is pouring investments on accessibility by improving road and bridges. Aside from that, it has also earmarked counterpart funds to special funded programs, including those under the Philippine Rural Development Program (PRDP), Payapa at MasaganangPamayanan (PaMaNa), and Davao Integrated Development Program (DIDP), among others. In addition, funds for debt servicing for loans incurred purposely for development projects is also allocated.

As the province will soon operationalize the MRDP-World Bank-fundedCateel Irrigation Project, which is touted to irrigate an additional 1,600 hectares of rice fields, a boom in the local economy is anticipated. “This irrigation project primarily aims to defeat poverty in terms of gainful opportunities in agriculture and reinforces the need to achieve 100% rice sufficiency level.”

No comments:

Post a Comment