P76B in projects finished by 2016

A+
A
A-

President Aquino FILE PHOTO

MANILA, Philippines—President Aquino has approved funding for some P76.56 billion worth of current and new projects that are expected to be finished within his term.

Six major projects in the energy, education, public works, transportation and agriculture departments were approved at a meeting on Wednesday of the National Economic and Development Authority (Neda) board which the President presided over as the chairman.

The “Philippine Rural Development Program” under the Department of Agriculture, aimed at increasing farm and fishery productivity and incomes in 16 provinces, got the biggest funding allocation of P27.5 billion.

For the transportation sector, the Neda board approved a P5.9-billion “Philippine Ports and Coast Guard Capability Development Project,” for the procurement of four brand-new 24-meter patrol boats and one 82-meter patrol boat.

But the two projects were “approved with conditions,” Malacañang said, but did not provide details as of press time.

Four other projects breezed through the Neda approval process.—Michael Lim Ubac

Disclaimer: The comments uploaded on this site do not necessarily represent or reflect the views of management and owner of INQUIRER.net. We reserve the right to exclude comments that we deem to be inconsistent with our editorial standards.

To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.

Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:

c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City,Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94

editors' picks

advertisement

popular

advertisement

videos