Neda approves P260.7 billion worth of infra projects

MANILA, Philippines — The National Economic and Development Authority (Neda) Board on Friday said that it approved infrastructure projects worth P260.7 billion. One of the projects was the P4.5 billion expansion of the Bohol-Panglao International, according to Neda chief Arsenio Balisacan in a Malacañang briefer. “Currently, Bohol International Airport is designed to support two million passengers per year. With the approved expansion project, the maximum passenger throughput will be increased to two and a half million passengers per year at project start and is expected to increase to 3.9 million by the end of the project,” said Balisacan. “Expect this project to boost tourism and as a result, generate more high-quality jobs,” he added. Neda also approved a dialysis center project for the renal center facility of the Baguio General Hospital and Medical Center, which has a total cost of P392 million. Balisacan said that with the project, Baguio General Hospital’s 30 dialysis machines, all of which are already at full capacity, will be increased to 108 by 2029. “This will enable the Baguio General Hospital to provide more affordable dialysis treatment to a greater number of chronic kidney disease patients,” said Balisacan. Other Neda board approvals include the P13.08 billion Infrastructure Preparation and Innovation Facility–Second Additional Financing, which will provide the DPWH and DOTr with a better mode for financing and conducting project preparation activities; a Green Economy Programme in the Philippines to be financed through a Php3.62-billion grant from the European Union; and an increase in the cost of the Bataan-Cavite Interlink Bridge project from P175.6 billion to P219.3 billion. Neda also approved changes to the cost and timeline of the Cebu Bus Rapid Transit or Cebu BRT Project, which increased to P28.78 billion from P16.3 billion. RELATED STORIES 6 infra projects up for Marcos approval, says Balisacan Neda chief: China is not PH’s only source of investment je Read more at: inquirer

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