NEDA Board approves P171-B worth of projects

The National Economic and Development Authority (NEDA) Board has confirmed yesterday the approval of nine projects with an estimated total cost of P171.14 billion.

According to Socioeconomic Planning Secretary Ernesto M. Pernia, the approved projects will help in attaining the medium and long-term development goals to make the agriculture sector more competitive, to increase disaster resilience, as well as improve mobility in a safer and more efficient transport system.

The biggest of the nine projects is the Ninoy Aquino International Airport (NAIA) project which will be implemented by the Department of Transportation (DOTr) and the Manila International Airport Authority under the Public- Private Partnership program of the government. With a total indicative cost of P74. 6-billion, the project's concession period is expected at 15-20 years inclusive of the design and construction period.

The second of the approved projects is the P37.8-billion worth of Metro Manila Bus Rapid Transit (BRT)- EDSA which is also under the supervision of DOTr. The 48.6 kilometers alternative mass transit will cover Monumento up to Diosdado Macapagal Avenue/ Roxas Boulevard, with integrated routes between the Ortigas Business District, Bonifacio Global City, and the Makati Business District. It also involves the construction of dedicated lanes with busways, depots and as much as 63 stations/terminals. With an implementation period of three years (2017-2019), the new BTR is expected to be operational by 2020.

The Metro Manila Flood Management Project, Phase I also got the green light from NEDA. A project of the Department of Public Works and Highways (DPWH) and the Metro Manila Development Authority (MMDA), the MMFMP-Phase I includes the rehabilitation of 36 pumping stations located in Manila, Pasay, Taguig, Makati and Malabon through the replacement of pumps, and the construction of 20 new pumping stations in Manila, Pasay, Pasig, Mandaluyong, San Juan, Caloocan, Valenzuela and Quezon City. Aside from minimizing solid waste in waterways, it also includes participatory housing resettlement and project coordination. The project has an indicative cost of P23.5-billion with a six years implementation period. 

The agriculture sector is also given a P10.2-billion worth of Inclusive Partnership for Agricultural Competitiveness (IPAC) project to assist smallholder farmers and farmer organizations in 50 agrarian reform community clusters across 44 provinces in 14 regions. To be handled by the Department of Agrarian Reform (DAR) this project will enhance linkage of 300,000 farmers and 650 farmers to viable markets.

Other approved projects include Maritime Safety Capability Improvement Project for the PCG, Phase II (P8-billion), Change in Scope of the New Bohol Airport Construction and Sustainable Environment Protection Project (P7.4-billion),  Increase in Passenger Terminal Building (PTB) Area of Bicol International Airport (P4.8-billion), Eastern Visayas Regional Medical Center Modernization (P2.4-billion), and the Modernization of Gov. Celestino Memorial Hospital Project (P2.2-billion).

Source: NEDA