Dominguez to review DOF, NEDA building projects

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The incoming Duterte Administration is considering whether it is necessary to construct new office buildings for the Department of Finance (DOF) and the National Economic and Development Authority (NEDA).

Carlos Dominguez who will be the finance secretary in the new administration has expressed, in a statement, his disapproval of building a new office for the DOF along Roxas Boulevard in Manila. He is also against the construction of another new building for the NEDA.

Under the outgoing Aquino Administration, the DOF had earmarked P4.5 billion for a 20-story building inside the Bangko Sentral ng Pilipinas compound and, according to Undersecretary Gil Beltran, the design contract has already been awarded to the architectural firm of Felino Palafox Jr. An additional P20 million has been allotted to cover the design and engineering study of the P2.68-billion NEDA building.

Dominguez believes the next administration will have to rethink the project before the bidding for construction commences.


The DOF building, which is targeted for completion in two years, has a multi-year obligational authority (MYOA) from the Department of Budget and Management (DBM), assuring the availability of funds on succeeding budgets of the government. A MYOA has also been issued for NEDA building.

Funds for construction are to be allocated beginning with P573.9 million in 2017. This will rise to P592.9 million in 2018, P747.7 million in 2019 and P769.4 million in 2020.

However, Dominguez said the new offices are “an example of skewed priorities when a lot of Yolanda survivors still don’t have a roof over their heads.”

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