President Benigno Aquino 3rd has approved five major infrastructure projects, including the Light Rail Transit (LRT) Line 2 that will improve the country’s transportation network.
The projects, which have a combined estimated cost of P61.9 billion, were approved during a National Economic and Development Authority (NEDA) board meeting convened by the President in Malacañang on Tuesday.
Based on the NEDA document furnished by Presidential Communications Secretary Herminio Coloma Jr., the P10.1-billion Light Rail Transit (LRT) Line 2 West Extension Project, will involve the construction of three additional stations at Tutuban, Divisoria and Pier 4 while the second phase of the Balog-Balog Multipurpose Project in Tarlac, Aquino’s home province, will cost P13.4 billion.
The board likewise approved 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.
Also approved were road improvement and development projects in Benguet, La Union, Leyte, Iloilo, Negros Oriental, Agusan del Norte, Bukidnon and Cotabato.
The P2.6-billion Agno River Irrigation System Extension Project in Pangasinan was likewise approved by the board.