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NEDA ICC gives green light to 12 mega infrastructure projects

NEDA ICC infrastructure
Image by Gordon Johnson from Pixabay

The National Economic and Development Authority (NEDA) Investment Coordination Committee (ICC) has approved 12 infrastructure projects, including the unsolicited proposals to develop Davao International Airport and Laguindingan Airport.

The ICC, in a meeting on December 20, approved the infrastructure projects, which include, aside from the two airport projects, three bridge projects, one rail project, five road projects, and the maritime safety enhancement program.

The bridge projects are the P187-billion Bataan-Cavite Interlink Bridge, the most expensive on the list; the P97.3-billion Panay-Guimaras-Negros Bridge; and the P26-billion Cebu-Mactan Bridge and Coastal Road. Both to be financed through official development assistance, the Bataan-Cavite Interlink Bridge is targeted to be completed by 2025, while the Panay-Guimaras-Negros Bridge is eyed to become passable by 2024.

Two public-private partnership projects approved are the unsolicited operate-add-transfer (OAT) proposal by Chelsea Logistics and Infrastructure, Inc. for Davao International Airport worth P48.97 billion, and Aboitiz Infracapital’s OAT proposal for Laguindingan Airport worth P45.83 billion.

The only rail project on the list is the P59.35-billion Metro Rail Transit Line 4.

Road projects include the P9.73-billion EDSA Greenways, P26.35- billion Davao City Coastal Bypass Road and Bucana Bridge, P10.3- billion Samar Pacific Coastal Road, P37.17-billion Davao City Bypass, and Capas-Botolan Road.

The Bataan-Cavite Interlink Bridge, Davao City Coastal Bypass Road, EDSA Greenways, MRT 4, and Samar Pacific Coastal Road are among the 100 projects on the revised list of the government’s Build, Build, Build infrastructure program.

“The Duterte administration will continue to ensure that all projects are implemented on time and on budget. We remain on track in achieving our target of accelerating infrastructure spending to 7% of GDP (gross domestic product) by 2022,” ICC said in a statement.

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