DoF approves 20 reclamation projects

The Department of Finance has given the Philippine Reclamation Authority (PRA) the green light for 20 of 96 reclamation projects in the pipeline, which could generate hundreds of billions of pesos worth of public assets and help modernize some of the country’s vital ports.

“We cannot overstate the importance of growing our land to support our nation’s development. Being an archipelago, we actually have less land between mountainside and shoreline for cultivation and habitation than it might seem. As our population continues to grow, pressure on the land assets will continue to rise,” Finance Secretary Carlos Dominguez 3rd was quoted as saying during 40th anniversary celebration of the PRA held last week.