Four projects secure NEDA panel’s nod

Four projects secure NEDA panel’s nod

THE Philippines’ economic managers approved last week four projects worth a combined P56.484 billion, two of which would further rehabilitate Marawi City following a prolonged siege by Islamic State-inspired militants in 2017, according to the National Economic and Development Authority (NEDA).

In a statement on Monday, the NEDA Board said its Investment Coordination Committee-Cabinet Committee (ICC-CabCom) approved on Thursday the fourth phase of the Pasig-Marikina River Channel Improvement Project (PMRCIP), which costs P33.097 billion.

This project involves installing flood-management infrastructure, such as dikes, revetments, and floodgates, along the 8-kilometer stretch of the Lower/Middle Marikina River; and building the Marikina Control Gate Structure.

The National Economic and Development Authority. NEDA PHOTO

The joint panel also increased the previous P7.545-billion budget of the project’s third phase to P9.028 billion “due to necessary additional civil works, including dredging works, to implement the project,” NEDA said.

Also approved was the P13.420-billion Road Network Development Project in Conflict-affected Areas in Mindanao. In involves building, rehabilitating and improving the 178.43-km road network in the Autonomous Region in Muslim Mindanao (ARMM) and neighboring regions.

On the P6.515-billion Rehabilitation and Development Plan (RDP) for a Greater Marawi – Stage 2, NEDA said this project would provide “a viable solution for the rebuilding of Marawi City by fully utilizing the capability of various infrastructure projects as catalysts of redevelopment.”

ICC-CabCom also approved projects under the Bangon Marawi Comprehensive Rehabilitation and Recovery Program for possible official development assistance financing. They cost P3.451 billion in total.

“These include programs and projects in land resource management, social services, physical infrastructure, livelihood and business development implemented by the national government or is in support of local government-implemented projects, and the construction of classrooms for permanent resettlement sites, in view of land-related issues arising from the Marawi siege,” NEDA explained.

The state-run agency also said the joint panel had approved in principle the P1.6-billion New Clark City High Performance Gymnasium and Sports Museum Project.

Under this project, five floors of indoor and outdoor facilities for sports medicine and sports science that will complement the internationally certified sports facilities would be built at the Phase 1 of the National Government Administrative Center in Capas town, Tarlac province.

The four projects would be brought to the agency’s board for approval. If approved, these would be added to the 50 projects it has approved as of June 2018 since President Rodrigo Duterte assumed office in June 2016.

Of the number, 12 are being implemented.



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