President Benigno Aquino 3rd has approved six big-ticket infrastructure projects that will cost a whopping P76 billion.
Among the projects approved by the National Economic and Development Authority Board, which is chaired by the President, are the P27.53-billion Philippine Rural Development Program and the P5.91-billion Philippine Ports and Coast Guard Capability (PCG) Development Project.
Both projects were approved “with conditions,” according to Presidential Spokesman Edwin Lacierda.
The P27.53-billion rural development project aims to increase farm and fishery productivity and income in 80 provinces across the country.
It involves the adoption and integration of climate-smart and resilient agriculture support, technologies, tools and system, Lacierda said.
“Also, it aims to have a more market-oriented, climate-resilient agro-fishery sector,” the Palace official added.
The P5.91-billion PCG project, on one hand, aims to procure four brand new 24-meter patrol boats and one 82-meter patrol boat, Lacierda said.
The rest of the approved projects are the P21.67-billion Market Transformation through Introduction of Energy Efficient Electric Vehicles; P9.42-billion Basic Education Sector Transformation; P6.48-billion Proposed Change in Scope of the Post-Ondoy and Pepeng Short-Term Infrastructure Rehabilitation Project (Popstirp) and the P5.54-billion Pasig-Marikina River Channel Improvement project, Phase II.
Lacierda said that the P21.67-billion project promoting energy-efficient electrical vehicles was modified from “$500 to $504 million due to the additional $4-million grant from Clean Technology Fund for the solar charging stations.”
The P9.41-billion Basic Education Sector Transformation, he said, aims to improve equitable access to complete basic education and ensuring its quality.
“The project targets to build and sustain an effective, transparent and engaging governance of education,” he added.
The expansion of the Popstirp involves the utilization of savings amounting to P461.2 million to implement 15 sub-projects, including eight flood control and seven road and bridges sub-projects, in the areas of Pampanga, Tarlac, Nueva Ecija and Cagayan, he said.
Phase II of the Pasig-Marikina River Channel Improvement project, on the other hand, involves the construction and improvement of revetment, parapet wall and appurtenant drainage improvement works along the Pasig River, from Delpan Bridge up to the immediate vicinity of the Napindan Hydraulic Control Structure, including design modification of river wall improvement works, Lacierda added.