67 flagship infra rolling out — NEDA
NEDA identified 45 IFPs that are currently under project preparations, as well as 44 projects under pre-project preparations
Key officials from public and private sectors meet with President Ferdinand “Bongbong” Marcos for updates and recommendations on how infrastructure programs in key sectors like water, transport and mobility, logistics, energy and Public-Private Partnerships will help boost the economy. | Photograph courtesy of PCO
The Marcos administration has approved or implemented 67 out of 194 infrastructure flagship projects or IFPs under the Build, Better, More, or BBM program, the National Economic and Development Authority said on Monday.
“The IFPs identified by NEDA are being funded or will be funded through different schemes such as the official development assistance, general appropriations or through public-private partnership,” NEDA said in a statement posted on the website of the Presidential Communications Office.
“NEDA also identified 45 IFPs that are currently under project preparations, as well as 44 projects under pre-project preparations,” the government agency added.
The government agency said the IFPs include the Cebu Bus Rapid Transit Project, Davao Public Transport Modernization Project, EDSA Greenways, LRT 2 West Extension, and the Metro Manila Line 1 Cavite Extension (LRT 1 Cavite Extension).
Additionally on the IFP list are the Metro Manila Subway Project Phase 1, Mindanao Rail Project Phase 1, MRT 3 Rehabilitation Project, MRT 4, MRT 7 Project, New Cebu International Container Port Project, New Manila International Airport (Bulacan International Airport), North-South Commuter Railway, PNR South Long Haul and the Subic Clark Railway.
On top of the 67 projects initially identified, other IFPs that are already being implemented include the Maritime Safety Enhancement Project, Cavite-Laguna Expressway, Central Luzon Link Expressway Phase 1, North Luzon Expressway Segment 8.2, South Luzon Expressway Toll Road 5 Segment 1, and several irrigation, fishery, and road projects by the National Irrigation Administration and the Department of Agriculture.
194 high-impact projects
NEDA said the New Dumaguete Airport Development Project (Bacong International Airport) and the Integrated Flood Resilience and Adaptation Project- Phase 1 had received approval or have been approved for implementation, while six projects are awaiting government approval.
In addition to amending the 2013 Joint Venture guidelines, the NEDA Board, presided over by the President last week, authorized 194 high-impact priority projects under the IFPs, which are expected to improve the government’s “Build, Better, More” agenda.
A total of 194 projects totaling around P9 trillion were put on the new list of IFPs that had been approved. The majority of these projects are related to irrigation, water supply, and flood management.
Projects related to digital connectivity, health, power and energy, agriculture and other infrastructures are also included.
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