The National Economic and Development Authority (NEDA) Board, chaired by President Ferdinand Marcos Jr., has approved 194 infrastructure projects worth P9 trillion.
It was authorized by the President during his meeting with NEDA Secretary Arsenio Balisacan and other members of the board.
"The approved new list of infrastructure flagship projects includes a total of 194 projects amounting to about PHP9 trillion," Balisacan said in a press briefing.
This project, under the government’s “Build Better More” program, aimed to attract investors, produce more jobs and lower poverty in the country.
"These IFPs (infrastructure flagship projects), especially once rolled out and implemented will boost the employment opportunities because these are investments, these are constructions… and that will improve the investment climate in the country so that more investors will come in both domestic and foreign and the current investors can expand their operations. So those will create jobs," the NEDA secretary added.
The 123 of 194 projects were from the current administration while the other 71 were initiated by former President Rodrigo R. Duterte during his term, which includes the Metro Manila Subway project and North-South Commuter Railway.
Also included are the University of the Philippines – Philippine General Hospital (UP-PGH) Diliman project, the Ninoy Aquino International Airport (NAIA) Rehabilitation Project, the Ilocos Sur Transbasin Project, and the Metro Cebu Expressway.
