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News: NEDA bares P57.9-B infra projects for West Visayas - 22 Mar 2008
200803221825500.Irrigation dams2.bmpILOILO CITY -- Some P57.9 billion worth of infrastructure projects are either ongoing or in the pipeline in Western Visayas, said National Economic Development Authority 6 (NEDA 6) Regional Director Arturo Valero. 
At the recent Philippine Economic Briefing held here in, Valero identified the ongoing infrastructure projects in the region. These are the P4.3-billion Iloilo Flood Control Project, P1.9-billion Bago River Irrigation Project, the P500-million Arterial Roadlines Development Project: Iloilo-East Coast – Capiz Road;


The Southern Philippines Irrigation Sector Project: Magballo-Balocotoc –Canlamay Integrated Irrigation Sub-Project, P200 million; Kabankalan City Domestic Airport, P800 million; Metro Iloilo Radial Road, P700 million; Widening of Iloilo City-Sta. Barbara Road, P600 million, and the International Commercial Port Complex (ICPC) Wharf Extension Project, P300 million.


The infrastructure projects still on the pipeline are the Panay River Flood Control Project, P4.5 billion; Revival of Panay Railway, P31 billion; Visayas Bridges, P0.1 billion FS); Caticlan – Capiz Road, P1.4 billion; Northern Panay Backbone Project, P1.9 billion; Southern Panay Backbone Project, P1.9 billion; Panay-Negros Interconnection Updating Project P3.3 billion, Timbaban Hydro Electric Power, P2.5 billion, and Villasiga Hydro Electric Power, P2 billion.


Valero said these projects are expected to further boost the region’s economy which performed well in 2007, citing several indicators.


He said the region’s investment also grew, and exports in the ports of Iloilo and Pulupandan increased; the employment rate was high, and inflation was low.(PIA)

Source: Manila Bulletin Online, 22 March 2008

Posted By: PhilCTTIS Data Center 
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