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Development Updates

INFRA PROJECTS ENDORSED TO NEDA-ICC

The Regional Development Council 5 endorsed major infrastrucutre projects to the NEDA-Investment Coordination Committee for review and evaluation. The projects are consistent with the National, Regional, and Central Philippines Public Investment Programs:

  • Development of Matnog and Pilar Ports in Sorsogon and Aroroy Port in Masbate including RORO facilities under the Japanese Government's Special Terms for Economic Partnership (STEP) loan financing

  • Rehabilitation of the Andaya (Quirino) Highway under the Korea-EDCP's Project Loan and Project Preparation Facility
 

  • Catanduanes Circumferential Road Phase II under the JBIC 27th Yen Loan Package
     

  • GMA Highway (Diversion Raod from San Fernando, Camarines Sur to Oas, Albay) under the JBIC 27th Yen Loan Package
     

  • Detailed Feasibility Study for the Bicol International Airport in Alobo, Daraga, Albay

Also endorsed were eight proposed bridge projects that were damaged by recent typhoons to be funded from Japanese and Austrian grant assistance:

  • Magkalabig Bridge in Basud, Camarines Norte
  • Balatucan Bridge in Mobo, Masbate
  • Maingaran Bridge in Masbate, Masbate
  • Bascaran Bridge in Camalig, Albay
  • Sagumayon Bridge in Legazpi City
  • Misericordia Bridges 1 and 2 in Sto. Domingo, Albay
  • San Fernando Bridge 1 in Sto. Domingo, Albay
  • Basag Bridgge in Ligao City, Albay

 Source: Bicol Development Updates, Vol. II Issue 1
               Regional Development Council, NEDA, Region V
 
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