NEDA pushes more infra investments in NE Luzon

In order to spur economic growth, the National Economic and Development Authority (NEDA) is planning to put more infrastructure investments in Northeastern Luzon.   

“The sense of the Infracom was to have a bias towards the regions, so it will not be the usual greater capital region. Of course Manila would have projects to address congestion but since we are looking at a six-year horizon, we should start opening up opportunities by connecting the country,” said NEDA Deputy Director General for investment programming Rolando Tungpalan in a meeting last Thursday. 

Tungpalan said NEDA is to prioritize the "food-producing" provinces of Northeastern Luzon like Quirino, Aurora, Isabela, Cagayan and Nueva Vizcaya.

With more investments in roads and railways, food will be easily transported and therefore lessen the prices in the Metro.

Tunglapan also revealed that the economic group is currently collecting more information for major infrastructure projects like rail and road connections in the aforementioned area.

"That would be a game changer because that would open up the food basket. Metro Manila is a huge market (for Northeast Luzon provinces).  Food can be transported more affordably and the quality is also improved. So it would benefit the farmers and the consumers," he added.  

 

Source: http://www.philstar.com/business/2016/10/19/1634890/neda-pushes-more-infra-investments-ne-luzon