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THE
National Economic and Development Authority (Neda)
Investment Coordination Committee (ICC) Cabinet
Committee (CabCom) has approved P2.99 billion worth of
new infrastructure projects.
The projects approved were the second
phase of the widening of the Gapan-San Fernando-Olongapo
(GSO) road, worth P2.057 billion; and the new Bacolod
Airport Access Road, worth P972.063 million.
The Neda ICC CabCom also “approved in
principle” the Puerto Princesa Airport, to be financed
solely by the government through its Malampaya royalty
shares and the Road Enhancement and Asset Preservation
Management Program.
The GSO Phase II, proposed by the
Department of Public Works and Highways, involves the
widening of the existing two-lane, 11.30-km
Palihan-Layac-Sta. Cruz Road into four lanes.
The project will also include the
shoulder improvement of the two-lane, 2.58-km
Layac-Dinalupihan Road and the construction of a
two-lane, 5.54-km bypass road.
Around 64 percent of the total project
cost will be sourced from the Korean Economic
Development Cooperation Fund (EDCF), while the remaining
36 percent will be financed as government counterpart.
The Bacolod Airport access road, on the
other hand, aims to connect the new
Bacolod
Airport in Silay City to Bacolod City. The total length
of access road is 10.12 km with a right-of-way width of
40 meters.
The new road will intersect with roads
and rivers at almost right angle, to include six bridges
and seven road intersections, including three major
intersections.
Around P604.866 million of the total
cost is being proposed for funding under the Korean EDCF,
while the remaining P367.197 million will be financed by
the government as counterpart funding.
Meanwhile, projects that were approved
in principle still need to be presented again to the
Neda ICC CabCom. The committee is still requiring other
project details before approving the two projects.
The Puerto Princesa Airport, earlier
estimated to cost P3.117 billion, seeks to revitalize
the transport and trade linkages under the Brunei
Darussalam,
Indonesia,
Malaysia and the Philippines-East Asean Growth Area.
The project includes the construction of
a new passenger terminal complex, including Air Traffic
Control, cargo administration, maintenance and other
support facilities.
It will also involve the construction of
a new access road, widening of the runway strip,
installation of an instrument landing system, new
security fencing and removal of remaining obstacles.
The amount will be divided into the
acquisition of a 361,180-square-meter lot for the
widening and the provision of consultancy services for
the preparation of engineering design, assistance in
tendering, and construction management and supervision. |
