NEDA Board approves P61.9B of infra projects

(Updated 6:18 p.m.) The National Economic and Development Authority (NEDA) Board, chaired by President Benigno Aquino III, on Tuesday approved P61.9 billion worth of infrastructure projects.

 

Among those approved was the second phase of the National Roads Improvement and Management Program Phase II, which involves P28.9 billion in World Bank loans to assist local government units hit by Typhoon Yolanda over a year ago.

 

The NEDA Board also green-lighted the second phase of the Balog-Balog Multipurpose Project in Tarlac, the President’s home province. The project is estimated to cost P13.4 billion.

 

The board likewise authorized the P10.1-billion Light Rail Transit (LRT) Line 2 West Extension Project, which involves the construction of three additional stations at Tutuban, Divisoria and Pier 4.

 

Also approved were road improvement and development projects in Benguet, La Union, Leyte, Iloilo, Negros Oriental, Agusan del Norte, Bukidnon and Cotabato, which will cost P6.9 billion.

 

The P2.6-billion Agno River Irrigation System Extension Project in Pangasinan was likewise approved by the board.