MANILA — The National Economic Development Authority (NEDA) Board on Tuesday approved transportation, irrigation, fire safety and local development projects.
“These projects are part of our strategy to make the Philippines’ agriculture, industry, and services sectors more competitive. The approved projects on irrigation and roads in provinces will help facilitate local growth and development among the projects’ covered regions or areas in the country,” Economic Planning Secretary Arsenio Balisacan said in a statement.
Chaired by President Aquino, the board also approved the restructuring of two infrastructure-related projects.
Included in the approved list is the West extension project of the Light Rail Transit Line 2 (LRT-2) of the Department of Transportation and Communications.
It has an estimated cost of P10.1 billion and is aimed at the construction of the extension of the existing LRT line which will track three proposed stations in Tutuban, Divisoria and Pier 4.
The project is expected to be implemented within 3 and a half years and will cover the Recto station extending to the Pier 4 area.
Other projects approved by the board includes the P2.6 billion Agno River Irrigation System Extension Project and the P13.37 billion Balog-Balog Multipurpose Project.