The National Economic and Development Authority (NEDA) Board, under the leadership of President Ferdinand R. Marcos Jr., has made pivotal changes to the Philippines’ infrastructure landscape by approving a refreshed roster of Infrastructure Flagship Projects (IFPs) as part of the Build-Better-More program.
The Board’s 14th meeting marked a significant milestone with the introduction of 23 new projects and the removal of 36 projects, optimizing the national infrastructure program to 185 key projects worth PHP 9.14 trillion.
The recalibration of the IFP list, according to NEDA Secretary Arsenio M. Balisacan, is a strategic move to ensure that crucial infrastructure receives focused attention and resources for swift and effective completion.
“Our IFP list is a dynamic tool that allows us to adapt to the evolving needs of our nation, ensuring that we channel our efforts into projects that will have the most significant impact,” Balisacan stated.
During the meeting, NEDA Undersecretary Joseph J. Capuno presented a progress report, highlighting that 74 IFPs are in full swing, with 19 expected to reach completion within the year, further strengthening the nation’s infrastructure backbone.
The board took a moment to celebrate the completion of the Samar Pacific Coastal Road Project last year, a shining example of the program’s potential to enhance connectivity and bolster regional development.
The NEDA Board’s dedication to the Build-Better-More program’s success was also evident in their decision to approve a supplemental loan of PHP 14.6 billion for the Davao City Bypass Construction Project.
The adjustments to the project scope and cost reflect a nuanced understanding of post-pandemic economic conditions and a commitment to seeing critical infrastructure projects through to their conclusion.
Upon completion, the Davao City Bypass is expected to cut travel time between Davao City and Panabo City by more than half, significantly easing traffic congestion and fostering economic growth in the region.
Additionally, the Board gave its nod to the Integrated Water Resources Master Plan (IWMP), a comprehensive strategy spearheaded by the Department of Environment and Natural Resources.
This master plan is set to become the cornerstone of the country’s approach to water resource management, ensuring adequate water supply for all Filipinos, especially in times of drought.
“Infrastructure is more than just physical structures; it’s the foundation for economic development and improving quality of life. The NEDA Board is therefore steadfast in its commitment to the continuous review and enhancement of the IFP list. We are poised to overcome challenges and meet our objectives, ensuring timely delivery of infrastructure that propels national growth and benefits every Filipino,” Secretary Balisacan said.
The updated IFP list and the proactive stance of NEDA signal a bold step forward in the Philippines’ journey towards a more connected and prosperous future.
[Further information on the specific projects can be accessed via the NEDA’s IFPs dashboard at https://neda.gov.ph/infrastructure-flagship-projects/].
