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Thursday, May 22, 2008

 

DBM releases Malampaya 
royalty share of Palawan province


PROCEEDS from the Malampaya is expected to provide a boost to the local economy of power-starved Palawan after the Department of Budget and Management (DBM) approved the release of the province’s share in the Philippines’ largest natural gas field.

“With the Malampaya proceeds, we can now fast-track the medium term development plan and seize current economic opportunities towards the leapfrogging of the province to achieve our desired economic goals,” Palawan Gov. Joel T. Reyes said.

Although most of the country’s oil and gas reserves, including the Malampaya, are located in offshore areas near the province, only half of Palawan is energized.

Based on an interim agreement reached by the national and provincial governments, Palawan stands to collect P2.6 billion representing its 40 percent share in the revenues from the Malampaya.

Reyes, however, said that the agreement with the national government was done without “prejudice to the case” as both parties “realized” that it will take time before the Supreme Court decides with finality on the pending petition for declaratory relief.

From the total, about P960 million has been allocated by for intermodal transport and P590 million for the provincial government’s infrastructure program.

The infrastructure projects include concrete work of several provincial roads in 10 municipalities both in northern and southern parts of the province.

The other projects are the installation of solar home systems under the Barangay Electrification Program in about 4,000 households in 36 barangays in 11 municipalities amounting to P116 million; improvement of South Palawan Provincial Hospital facilities and equipment; construction of Northern Palawan Provincial Hospital under the Health Care and Services Program in the amount of P80 million; construction of more than 80 classrooms in different municipalities at a cost of P110 million; and an Educational Enhancement Program  worth P150 million.

Also included in the Malampaya-funded projects are 33 day care centers under the Early Childhood Care and Development Program for construction in different  municipalities at a cost of P30 million.

The Department of Energy has been tasked to oversee the implementation of the said projects.
--Euan Paulo C. Añonuevo

  
 

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