ASEAN KEY DESTINATIONS
Philippine infrastructure projects approved
Among the projects that were approved during the first NEDA Board meeting under the Aquino administration were the Regional Infrastructure for Growth Project (RGIP), Road Upgrading and Preservation Project (RUPP), School Building Project for Basic Education (SBP4BE), Malitubog-Maridagao Irrigation Project (MMIP) and the Agrarian Reform Communities Development Support Program (ARCDSP).
The board also approved the financing of the air navigation facilities for the ongoing Laguindingan Airport Development Project, as well as the change in scope, cost increase and supplemental loan of the Northrail-Southrail Linkage Project (NSLP) Phase I.
The RGIP, costing P4.7 billion, will provide local government units access to credit for infrastructure to improve the investment environment of these areas.
Funded by the World Bank and coursed through the Development Bank of the Philippines, the RGIP will finance "off-the-shelf" and "shovel-ready" projects such as roads, hospitals, and water supply and sanitation, among others.
The P34.16-billion RUPP will enhance the efforts of the Philippine government to improve and preserve national roads.
The project will be implemented by the Department of Public Works and Highways, targeting various provinces.
The Department of Education will implement SBP4BE, involving the construction of 680 classrooms in 170 schools in Central Luzon and Calabarzon.
The P960-million project will be supported by an P800-million grant from the Australian Agency for International Development.
The Japan International Cooperation Agency-funded MMIP II aims to develop irrigation and agricultural facilities in North Cotabato and Maguindanao, targeting 20,866 households in these areas.
A project led by the Department of Agrarian Reform, the P2.5-billion ARCDSP aims to increase household incomes of 35 Agrarian Reform Communities.
The NEDA Board also approved the financing of the P755.24-million air navigation facilities of the Department of Transportation and Communication's Laguindingan Airport Development Project.
Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below