Nine infra projects up for Duterte approval

Nine more infrastructure projects, including the proposed Bulacan Airport and the Subic-Clark Railway, are now for the approval of President Rodrigo Duterte after securing the green light from the National Economic and Development Authority (NEDA) Investment Coordination Committee-Cabinet Committee (ICC-CabCom).

In a press conference in Pasig City on Tuesday, NEDA Undersecretary Rolando Tungpalan said the NEDA-ICC approved nine infrastructure projects cumulatively worth P900 billion.

“Nine projects have been approved by the ICC-Cabinet, moving up to NEDA Board via either ad referendum or NEDA Board meeting,” he said.

Among the projects are the Subic-Clark Railway, the Bulacan Airport proposed by San Miguel Corp., and the construction of ten bridges across the Pasic River.

Also included is the planned joint venture of the National Development Company to operate a food complex in Davao City.

“You will see things more visible as we move on in the next couple of months,” Tungpalan noted, but did not give further details regarding the other projects.

“The commitment is to finish the project five years upon project approval. All told, there is a commitment to get this substantially completed,” he said.

Under the Build, Build, Build program, the government plans to spend over P8 trillion until 2022, largely funded by tax revenues.

This year alone, the Philippines plans to roll out 76 big-ticket projects cumulatively valued at $35.5 billion or P1.1 trillion. —VDS, GMA News