Neda: Metro Cebu Expressway now on 'ongoing' phase

Neda: Metro Cebu Expressway now on 'ongoing' phase

THE National Economic and Development Authority (Neda) reported that there are now 71 ongoing infrastructure flagship projects (IFPs) worth P4.11 trillion as of July 2023, up from the 68 projects reported in the first quarter.

The three additional projects that have advanced to the “ongoing” phase are the Metro Cebu Expressway, the Nautical Highway Network Improvement, and the Daang Maharlika Improvement projects. The Department of Public Works and Highways is implementing these connectivity and transportation infrastructure projects, which aim to improve connectivity across the country, Neda said in a press statement.

Among the remaining 123 IFPs, 27 have been approved for implementation, eight await government approval, 52 are in the project preparation phase, while 36 are under the pre-project preparation phase as of July.

The Neda Board said it has revised guidelines for the formulation, prioritization, and monitoring of the government’s IFPs.

Particularly, projects approved by the Investment Coordination Committee and confirmed by the Neda Board, which are not in the current IFP list but meet the criteria indicated in the IFP guidelines, shall be included in the IFP list, subject to the endorsement from the concerned implementing agencies.

Following the revised guidelines, the Neda Board approved to include three more projects under the list of IFPs. These projects are the Tarlac-Pangasinan-La Union Expressway Extension Project, the Philippine Rural Development Project Scale Up, and the Upgrade Expansion, Operation and Maintenance of the Laguindingan International Airport Project in Misamis Oriental.

With their inclusion in the list, these projects will be prioritized in the government’s annual budget preparation and will benefit from the expedited issuance of applicable permits and licenses, in accordance with current legal frameworks. 

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