ASEAN KEY DESTINATIONS
NEDA approves three infra projects worth P139B
The National Economic and Development Authority (NEDA) on Thursday approved three new infrastructure projects amounting to P139.77 billion.
“The approval of these new infrastructure projects is a timely contribution to the improvement of the country’s connectivity and efficiency, mitigating disaster-risks, supporting agricultural production, and pursuing energy and water security,” Economic Planning Secretary Arsenio Balisacan said in a statement.
“These are all in line with strategies of the Updated Philippine Development Plan 2011-2016,” Balisacan added.
In a meeting chaired by President Benigno Aquino III, the NEDA Board approved the following projects:
Laguna Lakeshore Expressway-Dike Project, with an estimated cost of P122.81 billion.
The project aims to provide a high-standard highway dike to improve the flow of traffic and mitigate flooding in western coastal communities along the Laguna Lake.
The project also aims to serve the fast-growing urban areas in Laguna, Batangas and Quezon where several residential, comercial, and industrial establishments are situated.
A public-private partnership project, it entails a concession period of 37 years, which consists of seven years for design and construction and 30 years for operation and maintenance.
Laguindingan Airport Development, Operations and Maintenance Project, with an estimated cost of P14.62 billion.
The project aims to improve the capacity of Laguindingan Airport in Misamis Oriental by upgrading its facilities and equipment to meet international standards.
The improved Laguindingan Airport will replace the Lumbia Airport in Cagayan de Oro as the main airport of Northern Mindanao.
The project will be implemented by a private organization under a concession agreement of 30 years including its construction which will begin in 2015 and is expected to be finished by 2044.
New Bohol Airport Development, Operations and Maintenance Project, with an estimated cost of P2.34 billion.
The project will provide the structuring and implementation of a Public-Private Partnership arrangement for the operations and maintenance of the New Bohol Airport.
This includes the selection of an international or national consortium for the active marketing of the airport and development of direct international passenger traffic.
The consortium will also be in charge of infusing necessary capital investments to upgrade facility capacity in terms of passengers or air traffic movement.
The construction works for the improvement of the facilities will commence this year and is expected to be finished in 2016. A public-private partnership project, the maximum concession period is 35 years.
“All these projects are aligned with the government’s overall strategy of increasing public infrastructure spending for the country to provide Filipinos with quality, adequate, and accessible infrastructure facilities and services,” Balisacan said.
LRT Line 1 extension
Aside from these three projects, the NEDA Board also approved the P9.35-billion bid of the Light Rail Manila Consortium for the LRT Line 1 South Extension Project.
Approved on November 23, 2013, the project aims to improve the access of southern portions of Metro Manila and Cavite to Cental Manila. The LRT Line 1 South Extension Project is also expected to spur economic activity along its alignment such as the reclamation area facing Manila Bay.
Ligh Rail Manila Consortium was the sole bidder for the project.
The NEDA Board also approved changes in the cost and funding source of the Casecnan Multi-Purpose Irrigation and Power Project-Irrigation Component (CMIPP-IC) Phase II and the Umayam River Irrigation Project (URIP).
The funding for CMIPP-IC Phase II will now be fully locally-sourced instead of foreign-assisted. Thus, the estimated total project cost was changed to P5.45 billion from the originally approved P7.61 billion.
Similarly, the URIP will now be locally-funded instead of foreign-assisted, which decreased the cost to P1.40 billion from P1.56 billion.
On another matter, the NEDA Board confirmed its Infrastructure Committee’s approval of the Transport Development Roadmap for Metro Manila, Region III and CALABARZON.
“The roadmap will serve as guide in the development of policies, prioritization, and design of programs and projects, as well as harmonize all efforts, realize synergy and improve coordination among transport agencies,” the NEDA Board said in a statement. — Elizabeth Marcelo/JDS, GMA News
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