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There are 71 ongoing infrastructure flagship projects worth P4.11 trillion as of July 2023, up from 68 in the first quarter of the year
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Three IFPs have advanced to the “ongoing” phase: Metro Cebu Expressway, the Nautical Highway Network Improvement, and the Daang Maharlika Improvement
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Of the rest of the 123 IFPs, 27 have been approved for implementation, eight awaiting government approval, 52 in the project preparation phase, and 36 under pre-project preparation phase as of July 2023
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Three other projects received NEDA Board approval for inclusion in the IFP list: Tarlac-Pangasinan-La Union Expressway Extension Project; the Philippine Rural Development Project Scale Up; and the upgrade expansion, operation and maintenance of the Laguindingan International Airport Project in Misamis Oriental
A total of 71 infrastructure flagship projects (IFP) worth P4.11 trillion were ongoing as of July 2023, up from 68 in the first quarter of the year, according to Socioeconomic Planning Secretary Arsenio Balisacan.
Three IFPs have advanced to the “ongoing” phase, now forming part of the 71 IFPs: Metro Cebu Expressway; the Nautical Highway Network Improvement; and the Daang Maharlika Improvement, Balisacan said in a press briefing on August 23.
Of the rest of the 123 IFPs, 27 have been approved for implementation, eight are awaiting government approval, 52 are in the project preparation phase, while 36 are under the pre-project preparation phase as of July 2023.
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The National Economic and Development Authority (NEDA) Board, chaired by President Ferdinand Marcos, Jr., on August 23 confirmed the revised guidelines for the formulation, prioritization, and monitoring of the government’s IFPs.
Projects approved by NEDA’s Investment Coordination Committee and confirmed by the NEDA Board that are not in the current IFP list but meet the criteria indicated in the IFP guidelines will be included in the IFP list, subject to the endorsement from concerned implementing agencies.
As a result of this, the NEDA Board approved the inclusion of three projects to the list of IFPs: Tarlac-Pangasinan-La Union Expressway (TPLEX) Extension Project; the Philippine Rural Development Project Scale Up; and the upgrade expansion, operation, and maintenance of the Laguindingan International Airport Project in Misamis Oriental.
With their inclusion, Balisacan said the projects will get priority in the government’s annual budget preparation and benefit from expedited issuance of applicable permits and licenses.
“This is a significant contribution to the timely implementation of these projects and fully realizing their economic returns, as this will help the government avoid the possibility of increasing costs and financing charges due to delays,” the official noted.
Last July 19, NEDA launched the IFPs Dashboard, a publicly available, interactive tool that provides an overview of the IFPs, highlighting their status, cost requirements, distribution by sector, mode of financing, and regional location.
