RECENT NEWS

Home » Pinas Times » Marcos OKs 6 more ‘high impact’ projects – Balisacan
Marcos OKs 6 more 'high impact' projects - Balisacan - Pinas Times

Marcos OKs 6 more ‘high impact’ projects – Balisacan

PRESIDENT Ferdinand “Bongbong” Marcos Jr. has approved six more “high-impact” projects that will “significantly contribute to achieving our social and economic transformation goal in the medium term,” National Economic Development Authority (NEDA) chief Arsenio Balisacan said Friday.

Balisacan, who heads the NEDA, said the approval of the projects was made during the President’s meeting with the Board on Thursday in Malaca?ang.

“In line with the strategies identified under the Philippine Development Plan 2023 to 2028, the approval of these high-impact projects is a manifestation of the Marcos administration’s strong commitment to improving the quality of life of the Filipino people,” Balisacan told reporters during a Palace press briefing.

“In the next six years, we can look forward to seeing more of our agencies and sectors working hand in hand toward creating a prosperous, inclusive, and resilient society,” he added.

Apart from the establishment of the University of the Philippines – Philippine General Hospital cancer center, Balisacan said the NEDA Board, which Marcos chairs, also approved the development of the new Dumaguete airport, which will replace the existing Dumaguete-Sibulan airport.

Get the latest news

delivered to your inbox
Sign up for The Manila Times’ daily newsletters
By signing up with an email address, I acknowledge that I have read and agree to the Terms of Service and Privacy Policy.

This project, he said, will cost about P17 billion, P13 million of which will be funded through official development assistance (ODA) loan from the Korean government.

“The Philippine government through the DOTr will shoulder the remaining amount of about 3.9 billion pesos. The project will be implemented within seven years,” Balisacan said.

Other projects approved by the NEDA Board include increasing the cost of the Metro Rail Transit Line 3 (MRT-3) rehabilitation project by P7.6 billion, from P21.9 billion to P29.6 billion; and the utilization of the Japan International Cooperation Agency (JICA) loan balance of P2.12 billion for the new Communications, Navigation, Surveillance-Air Traffic Management system.

For more News like this Visit Pinas Times

After Philhealth cyber attack: DICT, PNP-ACG recommend steps to prevent randomware - Pinas Times
After Philhealth cyber attack: DICT, PNP-ACG recommend steps to prevent randomware - Pinas Times
Receive the latest news

Subscribe To Our Daily Newsletter

Get notified about new articles

Subscription form - Summary

Rudy-Fariñas-Matthew-Marcos_CNNPH - Pinas Times
Rudy-Fariñas-Matthew-Marcos_CNNPH - Pinas Times
Receive the latest news

Subscribe To Our Daily Newsletter

Get notified about new articles

Subscription form - Summary