Ongoing infrastructure projects increased to 71 with a total amount of P4.11 trillion as of July 2023 from 68 projects approved in the first quarter this year, National Economic and Development Authority Secretary Arsenio Balisacan said Wednesday.
Balisacan said in a statement released after the 8th NEDA board meeting chaired by the President, three additional projects advanced to the so-called “ongoing” phase, including the Metro Cebu Expressway, the Nautical Highway Network Improvement and the Daang Maharlika Improvement.
“The Department of Public Works and Highways are implementing these connectivity and transportation infrastructure projects, which aim to improve connectivity across the country,” he said.
He said among the remaining 123 infrastructure flagship projects, 27 were approved for implementation, eight were awaiting government approval, 52 were in project preparation phase and 36 were under the pre-project preparation phase.
The NEDA board also confirmed the revised guidelines for the formulation, prioritization and monitoring of the government’s infrastructure flagship projects.
Projects approved by the Investment Coordination Committee or ICC and confirmed by the NEDA board, which are not in the current IFP list, but meet the criteria indicated in the IFPs guidelines, would now 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 or TPLEX 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.
