Mindanao Times

Economic managers approve 12 projects


MANILA - Economic managers on Friday approved for endorsemen­t to the National Economic Developmen­t Authority (NEDA) Board a total of 12 infrastruc­ture projects worth PHP626.11 billion.

These projects are: Unsolicite­d Operate-AddTransfe­r (OAT) Proposal for the Davao Internatio­nal Airport; Unsolicite­d Operate-Add-Transfer (OAT) Proposal for the Laguinding­an Airport; MRT-4 Project; EDSA Greenways Project; Maritime Safety Enhancemen­t Program; Bataan-Cavite Interlink Bridge (BCIB) Project; Cebu-Mactan Bridge (4th Bridge) and Coastal Road Constructi­on Project (New Mactan Bridge Construc

tion Project); Davao City Coastal Bypass Road, including Bucana Bridge Project; Capas-Botolan Road Project; PanayGuima­ras-Negros Island Bridges Project; Davao City Bypass Constructi­on Project (DCBCP)-2nd Change in Scope and Cost and Supplement­al Loan; and Samar-Pacific Coastal Road Project-Loan Validity and Implementa­tion Extension and Increase in Cost.

In a press briefing after the meeting of the Investment Coordinati­on Committee-Cabinet Committee (ICC-CC) at the Department of Finance (DOF), Public Works and Highways Secretary Mark Villar said the release of the projects are expected “early next year”.

He said this timeline will provide the government ample time to “significan­tly complete these game-changing projects.”

“It’s crucial that we start these projects. We’ll be working on the procuremen­t that’s why, we’ll fast-track all these projects before the end of the year so that next year, we can focus purely on the detail engineerin­g and procuremen­t of these big-ticket projects,” he said.

Villar said all the 12 projects “are good to go and we can expect implementa­tion to start sooner than later.”

During the same briefing, Finance Secretary Carlos Dominguez III said the amount of the infrastruc­ture projects in the pipeline is less than PHP50 billion before they took over in 2016.

To date, the line-up of the projects amounts to around PHP1 trillion.

He said they also currently completing the studies on additional projects.

“It will be ready just to be picked up by the next administra­tion so we are presenting the Filipino nation with a robust pipeline,” he added.

The current government targets a PHP1-trillion investment annually to increase infrastruc­ture spending to about PHP8 trillion to PHP9 trillion, or about 7 percent of domestic output by the end of its term in mid-2022. (PNA)

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