^

Business

NEDA-ICC readies more projects for Duterte-chaired board’s approval

Ian Nicolas Cigaral - Philstar.com
March 13, 2018 | 2:15pm
NEDA-ICC readies more projects for Duterte-chaired board�s approval

President Rodrigo Duterte presides over the National Economic and Development Authority Board meeting in Malacañan Palace on Feb. 20, 2017. Also in the photo are Executive Secretary Salvador Medialdea (left) and Finance Secretary Carlos Dominguez III. King Rodriguez/Presidential Photo

MANILA, Philippines — Big-ticket projects, including those for flood control and traffic decongestion, have been approved by the National Economic and Development Authority-Investment Coordination Committee.
 
The projects that got the NEDA-ICC’s nod were the Ambal-Simuay River and Rio Grande de Mindanao River Flood Control Projects cumulatively worth P39.2 billion.
 
The Cabinet-level body also accepted the construction of 10 proposed priority bridges crossing Pasig-Marikina River and Manggahan Floodway amounting to P27.37 billion.
 
They form part of the 75 flagship projects of the Duterte administration, NEDA said.
 
The NEDA-ICC likewise approved the Trade department-backed Rural Agro-Enterprise Partnership for Inclusive Development and Growth for 78,000 farming households, as well as changes in the Integrated Marine Environment Monitoring System Phase 2 Project of the Department of Agriculture.
 
Changes in projects like the Integrated Disaster Risk Reduction and Climate Change Adaptation Measures in Low-Lying Areas of Pampanga Bay, and the Integrated National Resource Management Project of the Environment department also secured the approval of NEDA-ICC.
 
These ICC-approved projects will be elevated to the NEDA Board, chaired by President Rodrigo Duterte, for confirmation.

vuukle comment

FLOOD CONTROL

NEDA

TRAFFIC
Philstar
x
  • Latest
  • Trending
Trending
Latest
Trending
abtest
abtest

Guide to Building Code IRR for property developers

1 day ago
The Center for Global Best Practices will host a comprehensive two-day training titled, “Property Developers’ Guide to the Building Code IRR of the Philippines,” on May 21 and 22, 2024 from 9 a.m....
Business
fbtw
PPA readies P1.5 billion for Leyte, Bohol port projects

PPA readies P1.5 billion for Leyte, Bohol port projects

By Elijah Felice Rosales | 23 hours ago
The Philippine Ports Authoritywill spend more than P1.5 billion to construct a new port in Leyte and expand an existing one...
Business
fbtw
SMC prioritizes NAIA over Bulacan airport

SMC prioritizes NAIA over Bulacan airport

By Richmond Mercurio | 1 day ago
Diversified conglomerate San Miguel Corp. is delaying development works at its Bulacan airport project by about a year to...
Business
fbtw

STAR columnist named Thought Leader of the Year in Asia Pacific

23 hours ago
The prestigious Stevie Awards has recognized Ron Jabal as one of the eminent thought leaders in Asia Pacific.
Business
fbtw
Vehicle sales up by 13% in Q1

Vehicle sales up by 13% in Q1

23 hours ago
Sales of motor vehicles in the country rose by 12.7 percent in the first quarter from a year ago, supported by strong consumer...
Business
fbtw
Latest
abtest
Ecozone investments slip by 9% in 4 months

Ecozone investments slip by 9% in 4 months

By Louella Desiderio | 23 hours ago
Total investments approved by the Philippine Economic Zone Authority reached nearly P30 billion in the first four months of...
Business
fbtw
BSP to be more cautious on lowering rates – S&P

BSP to be more cautious on lowering rates – S&P

By Keisha Ta-Asan | 23 hours ago
The Bangko Sentral ng Pilipinas, along with other emerging market central banks, would be more cautious about cutting borrowing...
Business
fbtw
DTI eyes Al-powered app for price monitoring

DTI eyes Al-powered app for price monitoring

By Louella Desiderio | 23 hours ago
The Department of Trade and Industry is looking to launch an app powered by artificial intelligence to serve as a guide...
Business
fbtw
Suntrust secures $38 million loan for Parañaque casino project

Suntrust secures $38 million loan for Parañaque casino project

By Richmond Mercurio | 23 hours ago
Suntrust Resort Holdings Inc. has secured a $38-million loan to fund the development of its casino project in Parañaque...
Business
fbtw

Higher output lifts Atlas Mining profit

23 hours ago
The improved production of copper and gold more than doubled the bottomline of Atlas Consolidated Mining and Development Corp. to P563 million in the first quarter.
Business
fbtw
Recommended
Are you sure you want to log out?
X
Login

Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. With your meaningful insights, help shape the stories that can shape the country. Sign up now!

Get Updated:

Signup for the News Round now

FORGOT PASSWORD?
SIGN IN
or sign in with