North Korea vows to boost weapons pro­grams af­ter sanc­tions

Sun.Star Cagayan de Oro - - World -

THE Na­tional Eco­nomic and De­vel­op­ment Au­thor­ity (Neda) Board has ap­proved a P19-bil­lion road project in Min­danao and four other new flag­ship projects.

The Im­prov­ing Growth Cor­ri­dors in Min­danao Road Sec­tor Project, which will be im­ple­mented by the De­part­ment of Pub­lic Works and High­ways, will be fi­nanced through a P19-bil­lion loan from the Asian De­vel­op­ment Bank.

In a state­ment, Neda said the project in­volves the up­grad­ing of seven roads and the widen­ing of a 40-kilo­me­ter road seg­ment with slope pro­tec­tion.

It also in­cludes the con­struc­tion of three Tawi-Tawi bridges, which were con­di­tion­ally ap­proved.

Con­struc­tion is set to be­gin late this year and end in the fourth quar­ter of 2020, the agency added.

The ap­proval of the new projects brought the ad­min­is­tra­tion’s to­tal num­ber of ap­proved projects to 35 worth ?1.2 tril­lion, ex­clud­ing the cost of the Tawi-Tawi bridges.

“The ap­proval and even­tual com­ple­tion of th­ese projects will pave the way for us to achieve our midterm and long-term goals as a coun­try and a na­tion,” said So­cioe­co­nomic Plan­ning Sec­re­tary Ernesto M. Per­nia.

Aside from the Min­danao road project, other new flag­ship projects are the Metro Manila Sub­way Project (MMSP), Bi­non­doIn­tra­muros and Estrel­laPan­ta­leon Bridges Con­struc­tion Project, Lower Agno River Ir­ri­ga­tion Sys­tem Im­prove­ment Project, and In­fra­struc­ture Prepa­ra­tion and In­no­va­tion Fa­cil­ity project.

The Neda Board also ap­proved re­vi­sions in four projects: the Philip­pine Na­tional Rail­way-South Line project, in­crease in cost of the Cebu Bus Rapid Tran­sit Project, ADB loan va­lid­ity ex­ten­sion for the Road Im­prove­ment and In­sti­tu­tional De­vel­op­ment Project, and change of mode of im­ple­men­ta­tion for the Clark In­ter­na­tional Air­port Ex­ten­sion Project. (SunS­tar Philip­pines)

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