FFE Magazine

NEDA authorizes 7 major projects

by FFE PH News staff

 

Three rail projects and the renovation of the Mactan-Cebu International Airport are only four of the seven major projects that the National Economic and Development Authority Board has approved yesterday.

 

The rail projects include an 11.7km extension on the south end of the Light Rail Transit (LRT) Terminal 1, the construction of a 22.8km-long MRT 7 and the extension of the north end of the LRT Terminal 1 that will provide a common station among LRT1, MRT 3 and MRT 7.

LRT2_Recto_1

“The rail projects will connect the train systems and make it convenient for passengers to transfer from one train to another. This will also help reduce passengers’ travel time,” according to NEDA’s Socioeconomic Economic Planning Secretary Arsenio Balisacan.

 

The total cost of the three projects is P129 billion.

 

Aside from a new passenger terminal for the Mactan-CebuInternationalAirport, the airport’s existing terminal will also undergo renovation that will cost P17.5 billion.

 

“The Mactan-Cebu International project will enhance the operational efficiency of the airport and will also provide convenience for airport passengers,” said Balisacan.

 

NEDA also approved the construction of a South-SLEX terminal in Taguig City for passengers to and from Laguna and Batangas. A South-Coastal Road terminal beside Asiaworld for the passengers to and from Cavite will also be built.

 

“The transport terminal project will make various modes of transportation accessible to people coming from nearby provinces to commute to and from Metro Manila. It will also ease traffic along EDSA,” Balisacan said.

 

A P5.6 billion modernization for the Philippine Orthopedic Center and a P24.4 billion project to provide potable water supply to Bulacan are also underway.

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