President Rodrigo Duterte’s economic managers have approved six
big-ticket projects cumulatively worth P57.964 billion in a bid to improve road networks in Mindanao and address the traffic congestion in Metro Manila.
Out the newly-approved projects during the Investment Coordination Committee – Cabinet Committee (ICC-CC) meeting on Friday, the largest amount of P21.194 billion will be allocated for the upgrade of seven gravel roads in Mindanao with a total distance of 236.5 kilometers.
It will include a 40-kilometer segment seen to provide more routes and open areas for development in the region.
The body likewise approved a P1.519-billion Conflict Sensitive Resource and Asset Management-Financial Cooperation Measure to assist local government units (LGUs) and micro, small, and medium enterprises (MSMEs) in Mindanao.
The ICC-CC also approved a task force which will monitor the government’s top 75 infrastructure projects pegged to be worth P14.989 billion. This will entail project facilitation, monitoring, and innovation.
Another project approved was the procurement of seven maritime disaster response helicopters estimated at P5.887 billion.
This will involve the training of pilots and technical crew, the purchase of mission equipment, maintenance tools and spare parts, construction of hangars, and project management to expand the Philippine Coast Guard’s capability.
In Metro Manila, the ICC-CC gave the thumbs up for the construction of the P4.607-billion Binondo-Intramuros Bridge, and the P1.376-billion Estrella-Pantaleon Bridge.
The bridge linking Binondo and Intramuros will involve the construction of a steel bowstring arch bridge which will support a four-lane deck over the creek adjacent to the Muelle de Binondo in Manila.
Meanwhile, the Estrella-Pantaleon Bridge will be expanded to four lanes from the current two lanes to increase the road network capacity connecting Rockwell Center in Makati City and Mandaluyong City.
The ICC-CC also approved a P7.919-billion Infrastructure Preparation and Innovation Facility to support project development and implementation of key infrastructure projects.
This will cover feasibility assessment and studies, detailed engineering design, preparation of procurement documents, and due diligence reviews.
The government plans to spend as much as P8.4 trillion to finance the “golden age of infrastructure” covering the remaining years of Duterte’s term or until 2022, with P860.7 billion allocated to large-scale projects this year alone. —ALG, GMA News