NEDA Approves 7 New Infrastructure Projects

The National Economic and Development Authority Board approved seven new infrastructure projects with President Ferdinand Marcos Jr.’s go signal.

The first is the public-private partnership project, a cancer center that would be located at the state-owned Philippine General Hospital.

The Department of Transportation will replace the existing airport in Dumaguete with a ₱17 billion airport development project with the help of the South Korean government bankrolling ₱13 billion of the project’s costs.

The Department of Agriculture has ₱6 billion for its development project for the ancestral domains in Mindanao to push for resiliency and improved agricultural productivity. The World Bank also provided ₱5.3 billion from its official development assistance loan while the rest of the costs will come from local government units and the DA.

The Department of Public Works and Highways’ ₱20 billion floodway improvement project will work on the climate resilience of three major river basins in Mindanao.

DOTR’s request for changes in scope, increase in costs, and extension of the implementation period for its modern busway system project in Metro Davao has also been approved.

Similarly, changes in scope will also apply to the MRT-3 rehabilitation project. It will aim to upgrade the railway based on its original design while also increasing capacity expansion.

Lastly, the Marcos Jr. administration obtained a ₱2.12 billion loan balance from the Japan International Cooperation Agency to improve the country’s Communications, Navigation, and Surveillance/Air Traffic Management System. It will cover a feasibility study and maintenance contracts.

Source: Philstar