THE construction of a 15-story central office for the National Economic Development Authority (NEDA) has moved a step closer yesterday with the Department of Budget and Management (DBM) issuing a P2.68-billion budget for the project.
The building will house 999 employees of the NEDA Central Office, as well as attached agencies namely, Private-Public Partnership Center of the Philippines, Tariff Commission, and the Philippine National Volunteer Service Coordinating Agency.
Acoording to a DBM statement, the amount, issued under the Multi-Year Obligational Authority (MYOA), will fund the construction project for four years starting. The General Provisions of the annual General Appropriations Act (GAA) requires government agencies to secure a MYOA from the DBM for the implementation of multi-year projects.
This project, said DBM, is also included in the Three-Year Rolling Infrastructure Program (2017-2019), the immediate priority infrastructure programs to be undertaken in that period to promote the optimal use of public resources for infrastructure development.
Under the MYOA, the yearly budgetary requirement for the NEDA building project will be P573.9 million for 2017, P592.9 million for 2018, P747.7 million for 2019, and P769.4 for 2020.
For this year’s budget, the DBM noted that the NEDA has P20 million appropriations to cover the architectural and engineering design of the proposed building.