Neda board approves LRT extension, P63.6B worth of infrastructure
The National Economic and Development Authority (Neda), chaired by President Benigno Aquino III, approved P61.9 billion worth of infrastructure projects on Tuesday afternoon.
Communications Secretary Herminio Coloma Jr. said Aquino provided over the Neda Board, which approved “vital public infrastructure projects that seek to further spur economic developments in key growth areas.”
The projects approved are as follows:
LRT (Light Rail Transit) 2 West Extension Project – P10.118 billion
Road Improvement and Institutional Development Project (RIIDP) – P6.9 billion
National Roads Improvement and Management Program, Phase II – P28.943 billion
Article continues after this advertisementAgno River Irrigation System Extension Project / NIA – P2.630 billion
Article continues after this advertisementBalog-Balog Multipurpose Project, Phase II / OPAFSAM-NIA – P13.370 billion
Bureau of Fire Protection Capability Building Program, Phase II / DILG-BFP – P1.426 billion
Local Government Units Investment Programme (LIP) Supplement III / LBP – P0.231 billion
LRT extensions
The LRT extension project, which is under the Department of Transportation and Communication, will involve the design and construction of a 3.02-kilometer train line from Recto station to Pier 4 area.
It also includes a “turnback” track with three proposed stations: Tutuban station, Divisoria station and Pier 4 station.
The Department of Public Works and Highways’ RIIDP will cover the upgrading of 339 kilometers of 10 major national roads in Benguet, La Union, Leyte, Iloilo, Negros Oriental, Agusan del Norte, Bukidnon and Cotabato.
“The National Roads Improvement and Management Program Phase II involves the restructuring and reallocation of US$60 million of the US$232 million World Bank loan to assist Local Government Units in expediting the rehabilitation of Yolanda-devastated areas,” Coloma said.
He said the meeting started at 10:20 a.m. and ended at 4:45 p.m.
PROJECT/IMPLEMENTING AGENCY | PROJECT COST |
DPWH Proposal
|
Total Project Cost: PhP6.9 billionSources:ADB: P2.666 Billion
OFID: Php1.290 Billion GOP: Php2.979 Billion (Local/GAA)
|
DPWH Proposal
|
Total Project Requirement:PhP28.943 BillionForeign Funding:
PhP10.452 Billion(from World Bank ODA Financing) Local Counterpart: PhP18.491 Billion |
Description The project involves:
|
PhP2.630 Billion (Local Financing/GAA) |
Description – Involves the construction of a 105.5 meter high dam with a crest length of 1.473 kilometers and a storage capacity of about 420 million cubic meters (MCM), including irrigation canals and appurtenant structures.
|
PhP13.370 Billion(Local Financing/GAA)
|
Description Involves the design and construction of the extension for the existing LRT Line 2, i.e., a total length of approximately 3.02 kilometers from the Recto station extending westward to the Pier 4 area including the turnback track. The three (3) proposed additional stations include: o Tutuban Station -located next to the Cluster Mall; o Divisoria Station – located west of the Recto Avenue and Asuncion Street intersection; and o Pier 4 Station – located 50 meters north of Zaragoza Street.
|
PhP10.118 Billion
(Local Financing/GAA) |
Description Involves the acquisition of 76 units of fire trucks to be deployed in selected priority cities nationwide. It has the following components:
|
Total Project Cost: PhP1.426. BillionSources:PhP1.230 Billion
(Austria-ODA financing) PhP 0.196 Billion (Local Financing/GAA) |
Description – Shall finance LGU investments (i.e.,. local roads and bridges, sanitation, drainage and flood control, water supply, public market and bus terminal, rehabilitation/ modernization/ construction of public facilities, hospitals, schools, telecommunication, information technology, ports, and construction/ establishment of power generation projects, environment and tourism-related projects, and heavy equipment). – Would also include revenue improvement and enhancement programs for LGUs, including fiscal and management improvement and other income generating public facilities. |
Total Project Cost:PhP 0.231 BillionSources:
Foreign Funding: PhP 0.185 Billion (Germany (KfW Development Bank) ODA loan] LGU Borrower Counterpart: PhP 0.46. Billion |