Gian C. Geronimo of GMA News Online reports that "nine out of 11 infrastructure projects worth ₱407.4 billion were approved by the National Economic and Development Authority (NEDA) during its board meeting Tuesday, September 4." The report noted that the biggest budget was allotted for "an ambitious flood control program (for Metro Manila and its surrounding areas) that would take various government agencies around 22 years to complete."
The repot listed the projects approved by NEDA and their corresponding budget:
- Flood Management Master Plan for Metro Manila and Surrounding Areas - ₱351 billion
- DPWH's various bridge projects - ₱16.3 billion
- Mindanao Roads Improvement Project - ₱3.9 billion
- LRT-2 East Extension Project - ₱9.7 billion
- MRT-3 Capacity Extension Project - ₱8.6 billion
- Bicol International Airport (Daraga) - ₱4.8 billion
- New Bohol (Panglao) Airport Development Project - ₱7.4 billion
- Angat Dam and Dike strengthening - ₱5.7 billion
- PSALM request for Angus Hydroelectric Powerplant financing - (cost not available as of this posting).
The report pointed out: "No decision was taken by the NEDA board on the proposal for a Cavite-Laguna Expressway project and the acquisition of patrol boats for the Coast Guard." These projects were not cancelled, "but some technical details [are] still being worked out."
For more on this story, log on to GMA News Online.