• Govt lists investment requirements for ‘Yolanda’

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    Pegged at P361 billion, or $8.2 billion, the National Economic and Development Authority (NEDA) listed on Wednesday the “investment requirements” for the reconstruction and recovery of areas affected by Super Typhoon Yolanda, with most of it going to “shelter and resettlement” as per the Reconstruction Assistance on Yolanda (RAY) plan of the government.

    Socioeconomic Planning Secretary Arsenio Balisacan presented the RAY plan on Wednesday to various development partners.
    The RAY, drafted by NEDA, would be the basis for the recovery and reconstruction efforts in areas hit by Yolanda.

    Based on the RAY, shelter and resettlement would need the most investment with a total P183 billion, of which P15.6 billion will be needed over the short term, P57.5 billion for next year, for years 2015 to 2017, P110.2 billion.

    Following shelter and resettlement, livelihood generation will need a total of P70.6 billion in investment, or P1.2 billion immediately, P2.7 billion for the short term, and for the medium term, P66.7 billion.

    Education and health came in third with a total of P37.4 billion needed, or P1.5 billion immediately, P20.8 billion for the short term and P15.1 billion for the medium term.

    Furthermore, public infrastructure investment needs a total of P28.4 billion, according to RAY, for the full reconstruction and recovery of damaged public facilities. Immediate investment was pegged at P8.2 billion, short term at P2.3 billion and medium term at P17.9 billion.

    Other needed investments will be for agriculture (P18.7 billion), social protection (P18.4 billion) and local government development (P4 billion).

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