National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan at Palace briefing, Aug. 23, 2023
The National Economic and Development Authority (NEDA) Board during its meeting on Tuesday hiked the total cost of its infrastructure flagship projects (IFP), as it added 23 new projects and delisted 36 others.
While NEDA did not identify the additions and removals from the list, it said the latest adjustment brought the total number of IFPs to 185 with a value of P9.14 trillion, which compares with 197 IFPs in the December 2023 list, totaling P8.7 trillion.
“Our list of IFPs under the Build-Better-More Program serves as a prioritization tool to identify high-impact infrastructure projects that require immediate government support,” NEDA Secretary Arsenio Balisacan said.
“By rationalizing the list, we ensure the implementation of as many important infrastructure projects of high significance as possible,” he added.
Balisacan noted, however, that projects removed by the Board — led by President Ferdinand “Bongbong” Marcos Jr. — from the list will still continue as planned, as these are already included in regular government programs.
“We will continue to monitor, review, and update the list of IFPs as necessary to prioritize the most important infrastructure projects. The NEDA Board is committed to approving measures needed to expedite the implementation of the Build-Better-More Program,” he said.
Among the changes approved at Tuesday’s meeting was the scope of the Davao City Bypass Construction Project, which involves increasing the cost to P70.8 billion, and extending the implementation period until Dec. 31, 2027.
Balisacan said the adjustments — including a supplemental P14.6-billion loan — will ensure that the project will receive the necessary support for its successful completion.
The NEDA Board also confirmed the Integrated Water Resources Master Plan (IWMP) to be led by the Water Resources Management Office of the Department of Environment and Natural Resources (DENR) that seeks to ensure sufficient water supply.
“While significant policy reforms have already been put in place to address long-standing constraints to sustainable and resilient infrastructure, we recognize the need for further efforts to boost infrastructure investment and execution,” Balisacan said.
“Thus, we will closely monitor our infrastructure projects to ensure they are completed and delivered on time,” he added.
According to NEDA Undersecretary Joseph Capuno, 74 IFPs were already being implemented as of the fourth quarter of 2023, while there were 10 awaiting government approval, and 83 undergoing either project or pre-project preparation.
There are 19 projects set to be completed this year including the P9.240-billion Camarines Sur Expressway, the P14.94-billion Central Luzon Expressway Phase 1, the P12.54-billion Flood Risk Improvement and Management Project for Cagayan de Oro, the P40.77-billion Health System Enhancement to Address and Limit COVID-19 Project, and the P7.57-billion Integrated Disaster Risk Reduction and Climate Change Adaptation Measures in the Low-Lying Areas of Pampanga Bay Project.
Also for completion in 2024 are the P23.2-billion NLEX-SLEX Connector Road, the P11.5-billion North South Commuter Railway, the P7.38-billion Panguil Bay Bridge, the P14.97-billion Palascao-Balatan Tourism Coastal Highway, the P4.63-billion Pasig-Marikina River Channel Improvement Project Phase 5, and the P29.59-billion Philippine Identification System, among others.
Balisacan in March 2023 said there were 194 IFPs worth P9 trillion in the pipeline, which then included 123 “new” projects.—AOL, GMA Integrated News
This article Marcos admin’s flagship infra pipeline cost hiked to P9 trillion was originally published in GMA News Online.
News Related
-
Anyone who’s purchased gift baskets to hand out to loved ones this holiday season might need to find a backup present after the latest food recall that involves festive cookies. Gift basket company Wine Country Gift Baskets just announced that it is voluntarily recalling all gift baskets that feature Acorn Baking ...
See Details:
Recall Just Announced For Popular Cookies Featured In Holiday Gift Baskets
-
LOS ANGELES: Quarterback Jalen Hurts ran in an overtime touchdown to give the Philadelphia Eagles a 37-34 NFL win over the Buffalo Bills Sunday (Monday in Manila) and move them to 10-1 on the season. The Eagles, who lost the Super Bowl to Kansas City last season, trailed at half-time ...
See Details:
Eagles rally past Bills in overtime as Chiefs win
-
Yen Makabenta First word WHILE UN Secretary-General Antonio Guterres and other promoters of the climate emergency are preparing to convene the 28th conference of the parties (COP28) of the UN Framework Convention on Climate Change (UNFCCC) in the United Arab Emirates, starting on November 30 and stretching to December 12, ...
See Details:
Reality bites the green energy agenda
-
Sandigan orders Marcos Sr. pal to pay workers The Sandiganbayan has ordered the enforcement of a July 2023 ruling ordering a Marcos Sr. associate to pay a lumber company’s workers P2.1 million in damages as well as return 60 percent of their company’s shares and pay all unpaid benefits. The ...
See Details:
Sandigan orders Marcos Sr. pal to pay workers
-
DSWD: Shear line, LPA affect 1.2 million people; over 18,000 families evacuated MANILA, Philippines – More than 18,000 families have fled to evacuation centers across flood-affected regions in the country due to the impact of the shear line and low pressure area. Department of Social Welfare and Development (DSWD) gave ...
See Details:
DSWD: Shear line, LPA affect 1.2 million people; over 18,000 families evacuated
-
-
MANILA, Philippines: The entire Luzon, including Metro Manila, is expected to experience isolated rain showers and thunderstorms as the northeast monsoon (“amihan”) and easterlies will be affecting the country over the next 24 hours, the state-run weather agency said on Tuesday. Weather specialist Patrick del Mundo of the Philippine Atmospheric ...
See Details:
Rain showers, thunderstorms over Luzon, including Metro Manila — Pagasa
-
Attention, Naruto fans! You can soon watch the famous anime’s live-action adaptation as it finally has a confirmed writer. According to a Variety report, the beloved manga and anime series is set to head to big screens for its live-action adaptation under Lionsgate. It will be written by Tasha Hao, ...
See Details:
'Naruto' live-action film adaptation is in the works
-
Attention, Naruto fans! You can soon watch the famous anime’s live-action adaptation as it finally has a confirmed writer. According to a Variety report, the beloved manga and anime series is set to head to big screens for its live-action adaptation under Lionsgate. It will be written by Tasha Hao, ...
See Details:
NASA Highlights Stingray Nebula
-
Attention, Naruto fans! You can soon watch the famous anime’s live-action adaptation as it finally has a confirmed writer. According to a Variety report, the beloved manga and anime series is set to head to big screens for its live-action adaptation under Lionsgate. It will be written by Tasha Hao, ...
See Details:
Manila's Lagusnilad underpass opens
-
Attention, Naruto fans! You can soon watch the famous anime’s live-action adaptation as it finally has a confirmed writer. According to a Variety report, the beloved manga and anime series is set to head to big screens for its live-action adaptation under Lionsgate. It will be written by Tasha Hao, ...
See Details:
China probes debt-ridden financial giant
-
Attention, Naruto fans! You can soon watch the famous anime’s live-action adaptation as it finally has a confirmed writer. According to a Variety report, the beloved manga and anime series is set to head to big screens for its live-action adaptation under Lionsgate. It will be written by Tasha Hao, ...
See Details:
China's VUCA situation
-
Attention, Naruto fans! You can soon watch the famous anime’s live-action adaptation as it finally has a confirmed writer. According to a Variety report, the beloved manga and anime series is set to head to big screens for its live-action adaptation under Lionsgate. It will be written by Tasha Hao, ...
See Details:
Unraveling the mystery that is diabetes
-
Attention, Naruto fans! You can soon watch the famous anime’s live-action adaptation as it finally has a confirmed writer. According to a Variety report, the beloved manga and anime series is set to head to big screens for its live-action adaptation under Lionsgate. It will be written by Tasha Hao, ...
See Details:
Bangladesh's nuke plant is not going to steal PH investments
OTHER NEWS
ALIW Awards Foundation Inc. President Alice H. Reyes has released the names of finalists for the 2023 Aliw Awards to be presented on Dec. 11, 2023, at the Manila Hotel ...
Read more »
WhatsApp Web gains the feature of single-view photos and videos (Photo: Unsplash) The WhatsApp Web, the desktop version of the popular messaging app from Meta, has received an update allowing ...
Read more »
Young athletes’ time to shine in Siklab Awards MANILA, Philippines — The future heroes of Philippine sports will be honored during the third Siklab Youth Sports Awards on Dec. 4 ...
Read more »
Graphics by Jannielyn Ann Bigtas A local government official said Monday that five to 10 barangays in Northern Samar are still isolated following the massive flooding in the area last ...
Read more »
DyipPay app lets you pay jeepney fare, book tricycles “Barya lang po sa umaga.” Everyone who rides jeepneys knows this rule: it may not be an actual law, but it’s ...
Read more »
Updated In-Season Tournament Bracket ahead of pool play finale Tuesday will mark the last day of pool play for the inaugural NBA In-Season Tournament. From there, six first-place teams and ...
Read more »
PCG forms teams for maritime emergency response MANILA, Philippines — Recent incidents of fishermen lost in the waters off Southern Tagalog have prompted the Philippine Coast Guard (PCG) to form ...
Read more »