NEDA Approves 13 Infrastructure Projects Worth P1.02 Trillion Under Pres. Rody Duterte's Build Build Build Program

President Rody Duterte's Build Build Build Program which aims to showcase the Philippines Golden Age of Infrastructure got another positive news after the National Economic and Development Authority (NEDA) Board has approved 13 infrastructure projects worth PHP1.02 trillion.

The whooping P1.02 Trillion Infrastructure Projects will include the construction of Metro Manila’s first ever subway and five other projects that will be implemented with Japanese support.

According to NEDA, Japan's official development assistance (ODA) to the Philippine government will help fund six projects, which include the PHP356.97-billion Metro Manila Subway Project Phase 1, co-financing of the commuter line of PHP299.4-billion Philippine National Railways (PNR) South Commuter and South Longhaul Project, PHP211.43-billion Malolos-Clark Railway Project, PHP9.89-billion Cavite Industrial Area Flood Risk Management Project, PHP8.02-billion Maritime Safety Capability Project, and PHP5.26-billion Arterial Road Bypass Project-Phase III. 

The six projects mentioned above, with the total cost of around P715 billion are all related to transportation while one is related to flood management.

NEDA Director-General and Socioeconomic Planning Secretary Ernesto Pernia released a statement that says "Our focus on the transportation sector is part of the bigger mission to decongest Metro Manila, and bring development to the regions, which is embedded in our National Spatial Strategy" the NEDA Chief stated.

Secretary Pernia also noted that in view of the Japan International Cooperation Agency study's estimated P3.5 billion cost P3.5 billion cost of traffic in Metro Manila, the government is implementing measures to ease traffic congestion in the mega cities of the country.

Pernia explained that "This estimated economic loss in daily traffic is massive, and we must act fast. We are looking at this problem in a comprehensive way. We recognize that transportation is the enabler and driver of socioeconomic development, that is why we have the National Transport Policy (NTP) approved by the NEDA Board,” Pernia said.

The National Transport Policy (NTP) aims to unify all transport-related projects in the country. It synchronizes decisions and investments of all transport-related agencies and better coordinate such efforts between the national and local levels.

According to NEDA aside from the six new projects financed by Japan, seven new projects will be funded also with assistance from other ODA partners.

Here's the List of Seven Projects Approved by NEDA Board:

1. PHP37.76-billion Metro Manila Bus Rapid Transit (BRT)-EDSA; 2. PHP25.26-billion Improving Growth Corridors in Mindanao Road Sector Project;
3. PHP23.45-billion Metro Manila Flood Management Project Phase 1;
4. PHP20.31-billion Safe Philippines Project, Phase 1;
5. PHP9.19-billion New Cebu International Container Port;
6. PHP7.92-billion Infrastructure Preparation and Innovation Facility; and
7. PHP5.97-billion Priority Bridges under the Pasig River, Marikina River and Manggahan Flood Bridges Construction Project (Binondo-Intramuros and Estrella-Pantaleon Bridges).

Source: PNA

NEDA Approves 13 Infrastructure Projects Worth P1.02 Trillion Under Pres. Rody Duterte's Build Build Build Program NEDA Approves 13 Infrastructure Projects Worth P1.02 Trillion Under Pres. Rody Duterte's Build Build Build Program Reviewed by Phil Newsome on March 02, 2018 Rating: 5
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