Presidential Communications Operations Office

  PIA Bldg, Visayas Ave, Diliman, Quezon City, Philippines
  Sunday, 27 September 2020 News Before 1 Feb 2012. Click for Latest
Web PIA  
 << September 2020 >> 
1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30
Special News Editions:
PIA Specials:
NEW! Cabinet Officials
Jobs.Slides.Specials.Ads. Events.ASEAN.Multimedia
Visitors since 15 Feb 2011:
PIA News Archive:
PIA Archive News Reader

PIA Press Release

NEDA Board approves TPLEX, ups financing for ARMM Social Fund

Davao City (5 February) -- The National Economic and Development Authority (NEDA) Board recently approved the implementation of the Tarlac-Pangasinan-La Union Expressway (TPLEX) Project and the additional financing for the Autonomous Region of Muslim Mindanao (ARMM) Social Fund Project (ASFP).

The TPLEX is an 88.58-kilometer toll road that will start from La Paz, Tarlac and end at Rosario, La Union. The project is seen to decongest the traffic at the MacArthur Highway and support the increasing socio-economic activities between Regions I, III, Cordillera Administrative Region, and Metro Manila.

Future road users will also benefit from cost savings in vehicle operations as the TPLEX would provide a safe, reliable, and high-speed north-south access.

About 78 percent of the PhP16.88 billion TPLEX project will be financed by the private sector and the 22 percent will be shouldered by the Department of Public Works and Highways. The TPLEX will be operated by the private sector right after completion.

Meanwhile, an additional PhP1.83 billion will be injected to the ASFP, a poverty reduction and peace building project in the ARMM.

The increase in the ASFP will expand the number of barangays covered by the Fund and improve local governance through capacity building interventions for local governments and people's organizations. It will also allow for more demand-driven development interventions for poverty reduction in ARMM.

In addition, the project will support efforts in conflict resolution in ARMM.

The World Bank will finance PhP1.41 billion of the additional project requirement while the Philippine government will fund the remaining PhP416.40 million. The implementation for the additional financing will be for three years starting from June 2010. (NEDA XI) [top]

|«  prev  next  »|
»NEDA Board approves TPLEX, ups financing for ARMM Social Fund
»Latin beat highlights Musikahan
»Brgy. 76-A: Advocate of progress through handicraft and 4Ps
»Cebuano News: Comval SP gibag-o ang committee chairmanship
»Cebuano News: 1,070 resolusyon ug ordinansa napasar sa Comval SP sulod sa 2.5 ka tuig
»Cebuano News: Comval giilang 2009 Best Provincial LGU sa Davao Region
»Cebuano News: Dugang 100 ka wheel chair gikan sa OBFI gipanghatag sa ComVal
»Cebuano News: 100 mga ustadzes nagpalambo sa ilang katakos pagtudlo sa kultura ug relihiyong Islam
»Davao needs PEZA-accredited sites
»PGMA lauds TESDA scholar now employed in call center
|«  prev  next  »|

Philippine Official Gazette | Office of the President | Presidential Communications Operations Office
For comments and feedback, please email PIA Newsdesk
Copyright © 2005 Philippine Information Agency
PIA Building, Visayas Avenue, Diliman, Quezon City 1101 Philippines