During today’s meeting of National Economic and Development Authority (NEDA) Board, chaired by President Benigno S. Aquino III, twelve infrastructure projects were approved.
Included in the list are Flood Risk Management Project for Cagayan De Oro River; Sen. Gil Puyat Avenue/Makati Avenue-Paseo de Roxas Vehicles Underpass Project; Metro Manila Interchange Construction Project, Phase VI; Restoration of Damaged Bridges in Bohol; Operations, Maintenance and Development Project of the Iloilo, Bacolod, Davao, and Puerto Princesa airports; Regional Prison Facilities through Public-Private Partnership Project; Davao Sasa Port Modernization Project; Fisheries, Coastal Resources and Livelihood Project; and Project Convergence on Value Chain Enhancement for Growth and Empowerment.
Economic Planning Secretary Arsenio M. Balisacan said “These approved projects will significantly contribute to the infrastructure investment needed to sustain growth and make it inclusive. The projects will allow Filipinos to have more access to social and economic opportunities.”
“The transportation and port projects will improve the mobility of people and the efficiency of the flow of goods and services. Also, some of these projects will instill or enhance resiliency of many areas against climate-related risks and disasters,” Balisacan added.