|
Thursday, November 27, 2003
US $11 B alloted for devt projects in Northern Mindanao
By Stephen Capillas
MORE than US$11.53 billion in overseas development assistance (ODA) loans have been used in funding 147 on-going projects nationwide as of October, this year.
President Arroyo made the announcement during a recent visit to Cagayan de Oro City late last month.
The President arrived in the city to inaugurate the extension of the reinforced concrete wharf at Macabalan Port after the closing of the 12th Mindanao Business Conference where she was guest of honor and keynote speaker.
The President said 60 of these projects worth US$4.378 billion are located in Northern Mindanao, 19 of which are in the province of Misamis Oriental.
Of these 60 projects, six major ones worth US$265 million have already been completed, while 11 sub-projects worth US $115.6 million have either been completed or nearing completion in the next few months, the President said.
Likewise, there are 11 completed projects worth US $71.8 billion funded by ODA grants and not by ODA loans, she said.
These ongoing projects in Misamis Oriental and their corresponding costs are as follows:
* Agrarian Reform Communities Development Project (ARCDP), US$50 million and Agrarian Reform Infrastructure Support Project (ARISP-2), US $147.25 million;
* Austrian-assisted President's Bridge Program II, US$84.5 million, Fisheries Resource Management Project (FRMP), US$53.722 million, and Infrastructure for Rural Productivity Enhancement Sector (INFRES) Project, US $75 million;
* Laguindingan Airport Development Project (LADP), US $25 million, Local Government Finance and Development (LOCOFIND) Project, US $60 million, and Mindanao Basic Urban Services Sector (MBUSS), US$36 million;
* New Communications, Navigation and Surveillance/Air Traffic Management Systems, US $182.223 million, Northern Mindanao Community Initiative and Resource Management Project (NMCIREMP), US$11.6 million, and Regional Municipal Development Project, US$15.546 million;
* Rural Road Network Development Project 2 (national roads), US$119.4 million, Small Towns Water Supply Sector Project, US$45 million, and Social Reform Related Feeder Ports Development Project (SRRFPDP), US $53.2 million;
* Special Expenditure Management Projects 1 & 2, US$100 million each, and Solar Power Technology Support to Agrarian Reform Communities (SPOTS), US$25.188 million.
Aside from this the other major projects funded by ODA loans worth US$265 million that were recently completed also in Misamis Oriental include the following:
* Women's Health and Safe Motherhood Project (WHSMP), US$42.7 million;
* Second Rural Finance Project, US$150 million
* Promotion of Small Enterprises Projects 1 & 2, US$8.8 million;
* Power Transmission Project, US$6 million;
* Provincial Cities Water Supply Project Phase 3, US$57.5 million.
(November 27, 2003 issue)
Write letter to the editor. Click here.
Join the Sun.Star message board. Click here.
|
|
[ return
to top ]
[ home
]
|
LOCAL NEWS
BUSINESS
OPINION
SPORTS
LIFESTYLE
FEATURE
SUPERBALITA
|
