The National Economic and Development Authority (NEDA) Board approved 12 new infrastructure projects in a meeting chaired by President Benigno S. Aquino III.
These projects include the Flood Risk Management Project for Cagayan De
Oro River; Sen. Gil Puyat Avenue/Makati Avenue-Paseo de Roxas Vehicles
Underpass Project; Metro Manila Interchange Construction Project, Phase
VI; Restoration of Damaged Bridges in Bohol; Operations, Maintenance and
Development Project of the Iloilo, Bacolod, Davao, and Puerto Princesa
airports; Regional Prison Facilities through Public-Private Partnership
Project; Davao Sasa Port Modernization Project; Fisheries, Coastal
Resources and Livelihood Project; and Project Convergence on Value Chain
Enhancement for Growth and Empowerment
“These approved projects will significantly contribute to the
infrastructure investment needed to sustain growth and make it
inclusive. The projects will allow Filipinos to have more access to
social and economic opportunities. The transportation and port projects
will improve the mobility of people and the efficiency of the flow of
goods and services.
Also, some of these projects will instill or enhance resiliency of many
areas against climate-related risks and disasters,” according to
Economic Planning Secretary Arsenio M. Balisacan.
Meanwhile, the project to construct and maintain regional prison
facilities proposed by the Department of Justice will accommodate 26,000
inmates, as part of the government’s goal to decongest and upgrade
Also approved by the NEDA Board was the loan validity, downscaling of
scope and reallocation of project costs, in effect reducing the total
cost of the ongoing Laguindingan Airport Development Project. The
18-month loan extension for its Air Navigation System and Support
Facilities was moved to January 10, 2016 from July 10, 2014. The cost
reallocation effectively decreased the total cost to PhP7.70 billion
from PhP7.85 billion. The approval, however, was conditioned on a change
in specifications to be confirmed by the DPWH.
Moreover, the NEDA Board approved the Department of Public Works and
Highways’ (DPWH) request that the Laguna Lakeshore Expressway-Dike
Project may proceed under a hybrid contractual arrangement pursuant to
Section 2.9 of the Revised Implementing Rules and Regulations of the
The Board also amended the approval on the requirement of a
Department of Justice opinion regarding the delineation of the
jurisdictions of Laguna Lake Development Authority and the Philippine
Reclamation Authority over the reclaimed land of the project areas.