By: admin On: September 13, 2015 In: REAL ESTATE IN THE PHILIPPINES Comments: 0

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With just nine months to go before he leaves Malacañang, President Benigno Aquino III has approved five new projects worth P131.4 billion to improve the country’s transportation and power generation systems.
Mr. Aquino presided over an eight-hour National Economic and Development Authority (Neda) board meeting on Saturday that approved private-public partnership (PPP) projects, including mass transport.
“President Aquino emphasized the importance of improving the infrastructure for sustaining long-term economic growth,” Communications Secretary Herminio Coloma Jr. said in a statement on Saturday.

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The big-ticket projects include Light Rail Transit (LRT) 6, a 19-kilometer elevated railway that will service the Cavite area. This PPP is worth P64.71 billion.

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READ: Neda board approves LRT extension, P63.6B worth of infrastructure
LRT 6 will extend LRT Line 1 from Bacoor to Dasmariñas on a route following Aguinaldo Highway through Imus.
“This will pass through a heavily populated area and present travel of up to one and a half hours is expected to be reduced drastically,” Coloma said.

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Within Metro Manila, LRT Line 4 will be an elevated railway covering 11 km from Edsa-Ortigas to Taytay City in Rizal. This is another PPP and costs P42.89 billion.

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Also approved were the P15.35-billion new passenger terminal building for Clark International Airport and the Naga airport development project worth P3.53 billion. Both projects will be funded from the national budget.
Naga’s airfield “will be reoriented to enable dual-approach landing and takeoff, and new airside and landside facilities will be established to meet the growing tourism demand,” Coloma said.

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The Neda board also approved the Access to Sustainable Energy Program of the Department of Energy (DOE), a project that costs P4.89 billion. Of the amount, P2.82 billion will be funded by the official development assistance from the European Union while the rest will be shouldered by the national government.

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The DOE program provides grants for solar home systems and rural power generation, as well as technical assistance to the National Electrification Administration, Energy Regulatory Commission and electric cooperatives.

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“Focal point for capacity building is the development of propoor, disaster-resilient solutions,” Coloma said.
Other projects
The Neda board meeting also tackled the development of Ninoy Aquino International Airport, the Manila-Quezon Avenue Bus Rapid Transit Project, the inclusive partnership programs of the Department of Agrarian Reform for agricultural competitiveness and the National Irrigation Authority Chico River Pump Irrigation Project.

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Speaking on government-run Radyo ng Bayan on Saturday, Coloma said the projects had yet to be approved and were now subject to further studies and could be tackled at the next Neda board meeting.

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“Because these are major and complicated projects, there were discussions on various aspects of the projects that need to be studied or slightly revised so that they could be implemented better,” Coloma said.

For example, the Manila-Quezon Avenue Bus Rapid Transit Project was discussed in relation to the government’s “focus to ease the traffic congestion in Metro Manila,” Coloma said.

“It has to be studied how this could be made appropriate or be properly integrated with the nearby MRT lines” to become part of the solution to traffic congestion in the metropolis, he said.

Coloma noted that MRT 3 runs on Edsa and MRT 7 will run from Commonwealth Avenue to San Jose del Monte in Bulacan.
On Monday, he said, the Philippine National Police Highway Patrol Group (HPG) will start to take on the role of “lead enforcer of traffic rules,” mainly to decongest six major chokepoints at Edsa: Balintawak, Cubao, Ortigas, Shaw Boulevard, Guadalupe and Taft Avenue.

But the Metro Manila Development Authority (MMDA) will still deploy its own traffic enforcers to these chokepoints to augment the HPG, Coloma said.

Traffic enforcers of the Land Transportation Office and the Land Transportation Franchising and Regulatory Board will also be posted at the chokepoints, he said.

Other MMDA enforcers will be “transferred” to Roxas Boulevard, C-5 Road and other thoroughfares in the metropolis, he said. TVJ

source: http://newsinfo.inquirer.net/719612/aquino-oks-5-big-projects