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PIA Press Release
2009/02/12

NEDA Board approves P6 billion worth of new projects

Davao City (12 February) -- The National Economic and Development Authority (NEDA) Board yesterday approved two new projects worth Php6 billion intended to link remote provinces in Samar and increase tourist arrivals in Palawan.

The PhP2.5-billion Samar Pacific Coastal Road Project will link the towns in Samar Island to enhance the development of potential agricultural lands and fishing grounds of Northern Samar and Eastern Samar provinces as well as facilitate the movement of goods and services in the area.

It involves the improvement of the 108.4-kilometer road that traverses the Pacific coastal towns of Laoang, Palapag, Mapanas, Gamay, and Lapinig in Northern Samar and Arteche and San Policarpo in Eastern Samar. Of the total project cost, about PhP 1.6 billion will be foreign-funded while the remaining PhP900 million will be the local counterpart. The foreign cost component shall be sourced from the Korean-EDCF loan facility.

While the project is set to be implemented from 2010 to 2013, the Department of Public Works and Highways (DPWH) has jumpstarted implementation of the project in "critical" locations in 2008. About PhP287 million was used to finance the project last year while PhP500 million is allocated to continue completion this year.

Meanwhile, the Board also approved the Php 3.5 billion Puerto Princesa Airport Development Project. About PhP2.8 billion of the total cost for this project shall be sourced from the Korean EDCF loan facility while the remaining PhP700 million will be the government counterpart.

The project will improve the Puerto Princesa Airport by upgrading its facilities to meet the standards of the International Civil Aviation Organization (ICAO). It includes the construction of a new passenger terminal complex and a new access road off the national highway; widening of the runway strip and installation of an Instrument Landing System (ILS); establishment of new security fencing; and improvement of navigational aid, air traffic control, communications and air field lighting.

Moreover, the Board approved the "emergency" repair works for the LRT Line 1 Capacity Expansion Project (Phase II). The LRT Line 1 was constructed in December 1984 and operated as the first light rail line in Asia.

The Line 1 Capacity Expansion Project which was implemented from 1994 to 1998 increased the passenger-carrying capacity by 50 percent from 18,000 to 27,000 passengers per peak hour per direction.

On the other hand, the Phase II of the project, implemented from 1999 to 2008 supported the operations of integrated LRT Lines 1, 2 and 3 networks. This increased passenger capacity by another 50 percent from 27,000 to 40,000 passengers per peak hour per direction. (NEDA/PIA XI) [top]

|«  prev  next  »|
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»NEDA Board approves P6 billion worth of new projects
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