Seven major public infrastructure projects, with an estimated cost of P63.5 billion, have been approved by President Aquino in a bid to stimulate economic development in growth areas, Malacañang announced yesterday.
The projects were finalized during the National Economic and Development Authority (NEDA) board meeting convened by the President at the Palace.
Presidential Communication Operations Secretary Herminio Coloma Jr. said the projects are: The Road Improvement and Institutional Development (RIID) Project (P6.9 billion), National Roads Improvement and Management Program Phase II (P28.9 billion), Agno River Irrigation System Extension project (P2.6 billion), Balog-Balog Multipurpose Dam Project Phase II (P13.4 billion), Light Rail Transit-2 West Extension project (P10.1 billion), Bureau of Fire Protection Capability Building Program Phase II (P1.4 billion), and Local Government Units Investment Program Supplement III (P231 million).
Coloma said the meeting started at 10:20 a.m. and adjourned at 4:45 p.m.
“The RIID Project involved the upgrading of 339 kilometers of 10 major national roads in the following provinces: Benguet, La Union, Leyte, Iloilo, Negros Oriental, Agusan del Norte, Bukidnon, and Cotabato,” Coloma said.
Coloma said the second phase of the national road program includes the restructuring and reallocation of US$60 million of the US$232-million World Bank loan to assist local government units in speeding up the rehabilitation of areas affected by super-typhoon “Yolanda.”
Manila Bulletin
