NEDA Board Greenlights ₱9.14 Trillion Worth Of Infra Flagship Projects

The National Economic and Development Authority (NEDA) Board, led by President Ferdinand R. Marcos Jr., has given the green light to a comprehensive list of Infrastructure Flagship Projects (IFPs) valued at PHP9.14 trillion.

NEDA Secretary Arsenio Balisacan, who serves as the Vice Chair of the Board, pointed out that the IFP list serves as a strategic tool for identifying and prioritizing infrastructure projects that demand immediate government attention and support. I Photo: National Economic Development Authority Facebook

This significant approval underscores the government's commitment to advancing vital infrastructure initiatives aimed at fostering economic growth and development.

The approved list comprises 185 high-impact projects strategically designed to address critical infrastructure needs across various sectors. Notably, the updated list reflects the removal of 36 projects while incorporating 23 new ones, a move intended to streamline and optimize the allocation of resources towards priority initiatives.

According to NEDA Secretary Arsenio Balisacan, who serves as the Vice Chair of the Board, the IFP list serves as a strategic tool for identifying and prioritizing infrastructure projects that demand immediate government attention and support.

Balisacan emphasized that although some projects were delisted, they will continue as planned under the regular government program, ensuring continuity and efficiency in project implementation.

Highlighting the progress made in infrastructure development, NEDA Undersecretary Joseph Capuno reported that 74 IFPs are currently in various stages of implementation. Furthermore, he revealed that 19 projects are on track to be completed by the end of 2024, underscoring the administration's commitment to timely project delivery.

Among the notable achievements cited was the successful completion and inauguration of the Samar Pacific Coastal Road Project, a crucial component of the government's IFP portfolio.

Capuno also provided updates on the status of IFPs, indicating that 30 projects have been approved, while 83 are in the preparation phase, reflecting a robust pipeline of infrastructure initiatives poised to drive sustainable growth and development.

The approval of the IFP list signifies a significant milestone in the government's infrastructure agenda, reaffirming its dedication to advancing critical projects that will enhance connectivity, promote resilience, and stimulate economic progress across the nation.

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