The National Economic and Development Authority. INQUIRER FILE PHOTO
MANILA, Philippines — The National Economic and Development Authority (Neda) Board on Tuesday said it approved significant changes to the Laguna Lakeshore Road Network (LLRN) Project.
The Neda Board, chaired by President Ferdinand Marcos Jr., announced the approval after holding a meeting in Malacañang.
According to the board, it approved modifications to Phase 1 of the LLRN Project, now including the development of connecting roads and interchanges encompassing Barangay Tunasan in Muntinlupa City, as well as San Pedro, Biñan, and Cabuyao in Laguna.
It will pave the way for the construction of a 37.5-kilometer primary road and a 12-kilometer viaduct from Lower Bicutan, Taguig, to Tunasan, Muntinlupa, along with a 25.5-kilometer shoreline viaduct and embankment from Tunasan, Muntinlupa to Calamba, Laguna.
“The Neda Board recognizes the significant potential of this project in reducing transportation constraints on existing road networks, promoting economic development in the region, and providing safer, more convenient, and faster travel for road users coming from the north and south to various tourist and business destinations in Laguna and nearby provinces,” said Socioeconomic Planning Secretary and Neda Board vice chair Arsenio Balisacan.
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The second phase of the project traversing the eastern portion of Laguna Lake from Binangonan, Rizal, to Calamba, Laguna — approximately 71.5 kilometer-main line — is under a feasibility study and is slated for completion by December 2024.
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Other approvals
The Neda Board also approved the negotiated parameters, terms, and conditions (PTCs) for the Bohol-Panglao International Airport Project, and changes to negotiated PTCs for the Laguindingan International Airport Project.
The board said the PTCs for the Bohol-Panglao International Airport aim to resolve the ambiguities in compliance with the recently enacted Public-Private Partnership Code.
Meanwhile, changes to the Neda Board approved-negotiated PTCs for the upgrade and expansion of the Laguindingan International Airport in Misamis Oriental involve the guidelines for the adjustment of the passenger service charge, “which will be contingent upon achieving the set key performance indicators and minimum performance standards and specifications for operation and maintenance during the concession period.”
The board also approved an additional P30-million loan to support the Project Development and Monitoring Facility (PDMF).
The PDMF will serve as a project preparation facility for implementing agencies to undertake pre-investment activities, such as developing feasibility studies for potential PPP projects and engaging high-quality transaction advisors.
The facility will provide support throughout the preparation, development, approval, procurement, coordination, and monitoring of various PPP projects.