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$1B worth of infra projects in Philippines OKd
Publication Date : 31-05-2014
The Philippine government has approved the rollout of nine new infrastructure projects worth more than $1 billion as part of efforts to boost the country’s competitiveness and ensure the sustainability of the economy’s current boom.
However, one major big-ticket project, the Laguna Lakeshore Expressway Dike, which at an estimated cost of $2.73 billion is the most expensive in the government’s pipeline, was not given the green light for undisclosed reasons.
Projects approved by the National Economic and Development Authority (Neda), chaired by President Aquino, this week included the establishment of a Bus Rapid Transit system in Cebu and the privatisation of the Light Rail Transit line 2’s operations and maintenance (O&M contract).
“The approved projects are aimed at improving the level and standards of service in the water, health and transport sectors as called for in the Updated Philippine Development Plan 2011-2016 toward achieving inclusive growth,” Economic Planning Secretary Arsenio M. Balisaca said in a statement. “These crucial projects will greatly help facilitate and fast-track the needed infrastructure-support of the economy.”
The Cebu bus system, which will serve as the city’s main mass transit infrastructure, will be bid out by the Department of Transportation and Communications (DOTC).
Other undertakings approved were for the construction of the Laoag City Bypass Link Road worth (P1.19 billion), the Busuanga Airport development, the modernisation of the Jose Fabella Memorial Hospital, the Water District Development Sector, the Angat Water Transmission Improvement project and the New Centennial Water Source—Kaliwa Dam project.
Also approved was the Clark Green City Master Development Plan, which will involve the development of a total of 9,450 hectares of land at the former US military base.