• DBM releases P1.15B for infra projects in typhoon-hit areas


    The Department of Budget and Management (DBM) has released P1.15 billion for the implementation of infrastructure projects in the regions affected by Super Typhoon Yolanda.

    The Budget agency said the fund, which is part of the P20.9-billion appropriation from the 2014 Rehabilitation and Reconstruction Program Fund Continuing Appropriation, was released to the Department of Public Works and Highways (DPWH).

    The amount is earmarked for the construction, repair, and restoration of roads and thoroughfares that were affected by the super typhoon in the different cities and municipalities of Regions IV-B (Mimaropa), V (Bicol), VI (Western Visayas), VII (Central Visayas), and VIII (Eastern Visayas).

    Region VIII, which experienced the most damage after being directly hit by the typhoon, will receive the largest allocation, P661.7 million to be divided among the provinces of Tacloban, Leyte, Biliran, Eastern Samar, Northern Samar, and Samar.

    Region VI will receive P305.9 million to benefit the provinces of Antique, Iloilo, Aklan, and Capiz.

    Region IV-B got P174 million for Mindoro Occidental, Mindoro Oriental, Palawan and Romblon, followed by Region V (Albay and Catanduanes) with P5.642 million and Cebu with P1.2 million.

    In a statement, Budget and Management Secretary Florencio Abad said the latest release will help fulfill the government’s infrastructure spending target of 4 percent of gross domestic product in 2015.

    “More importantly, the infrastructure expansion in these areas will spur renewed economic activity, which will ultimately lead to more livelihood opportunities for our people,” Abad said.


    Please follow our commenting guidelines.

    Comments are closed.