President Benigno Aquino III has approved 13 infrastructure projects worth P307.22 billion on Friday’s National Economic Development Authority Board meeting.
Communications Secretary Sonny Coloma said among the major projects that were given the greenlight is the P122.81 billion Laguna Lakeshore Expressway-Dike Project.
The 47-kilometer six-lane expressway is intended to serve as a flood control barrier as well.
According to Coloma, the project will have a concession period of 37 years--seven years for design and construction and 30 years for operation and maintenance.
Other projects to be implemented by the Department of Public Works and Highways include the P8.55 billion flood risk management project for Cagayan de Oro River; P1.27 billion Sen. Gil Puyat Avenue -Makati Avenue-Paseo de Roxas vehicles underpass project; P0.81 billion for the restoration of damaged bridges along the Bohol Circumferential Road; and P4.01 billion Metro Manila Interchange construction project Phase VI.
Aquino also approved four airport and one port maintenance projects to be implemented by the Department of Transportation and Communications.
The DoTC projects cover the maintenance and development of the Iloilo Airport (P30.4 billion); Bacolod Airport (P20.26 billion); Davao Airport (P40.57 billion); and Puerto Princesa Airport (P5.23 billion); and the modernization of the Davao Sasa Port (P18.99 billion).
Aquino likewise approved the regional prison project under the Department of Justice worth P50.18 billion.
The new penitentiary to be implemented under a public-private partnership agreement will be capable of holding about 26,000 prisoners.
For food security and employment, Aquino approved a P1.86 billion fisheries and coastal resources livelihood project under the Department of Agriculture and a P2.28 billion value chain project under the Department of Agrarian Reform.
“President Aquino also directed the Cabinet and NEDA members to focus on completing similar ongoing projects and on laying the groundwork for sustainable, long-term economic development and inclusive growth,” Coloma said. filprimehomes
Source: manilastandardtoday
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President Benigno Aquino III holds the National
Economic and Development Authority Board
Meeting at the Aguinaldo State Dining Room of
the Malacañan Palace on October 17, 201. Joining
him are Presidential Communications Operations
Office Secretary Herminio Coloma Jr., Presidential
Legal Counsel Alfredo Benjamin Caguioa,
Secretary to the Cabinet Jose Rene Almendras,
Finance Secretary Cesar Purisima, Trade and
Industry Secretary Gregory Domingo and
Environment and Natural Resources Secretary
Ramon Jesus Paje. Malacañang Photo
|
Communications Secretary Sonny Coloma said among the major projects that were given the greenlight is the P122.81 billion Laguna Lakeshore Expressway-Dike Project.
The 47-kilometer six-lane expressway is intended to serve as a flood control barrier as well.
According to Coloma, the project will have a concession period of 37 years--seven years for design and construction and 30 years for operation and maintenance.
Other projects to be implemented by the Department of Public Works and Highways include the P8.55 billion flood risk management project for Cagayan de Oro River; P1.27 billion Sen. Gil Puyat Avenue -Makati Avenue-Paseo de Roxas vehicles underpass project; P0.81 billion for the restoration of damaged bridges along the Bohol Circumferential Road; and P4.01 billion Metro Manila Interchange construction project Phase VI.
Aquino also approved four airport and one port maintenance projects to be implemented by the Department of Transportation and Communications.
The DoTC projects cover the maintenance and development of the Iloilo Airport (P30.4 billion); Bacolod Airport (P20.26 billion); Davao Airport (P40.57 billion); and Puerto Princesa Airport (P5.23 billion); and the modernization of the Davao Sasa Port (P18.99 billion).
Aquino likewise approved the regional prison project under the Department of Justice worth P50.18 billion.
The new penitentiary to be implemented under a public-private partnership agreement will be capable of holding about 26,000 prisoners.
For food security and employment, Aquino approved a P1.86 billion fisheries and coastal resources livelihood project under the Department of Agriculture and a P2.28 billion value chain project under the Department of Agrarian Reform.
“President Aquino also directed the Cabinet and NEDA members to focus on completing similar ongoing projects and on laying the groundwork for sustainable, long-term economic development and inclusive growth,” Coloma said. filprimehomes
Source: manilastandardtoday
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