NEDA okays 3 projects worth P5.5 B
Widening and improvement of Gapan-San Fernando-Olongapo (GSO) road and the Phase II (Lubao, Pampanga-Dinalupihan, Bataan Section)
The National Economic and Development Authority (NEDA) board has approved three infrastructure projects worth P5.5 billion.
NEDA is headed by Socio-Economic Planning Secretary Augusto B. Santos, Director General.
These are the new Bacolod airport access road (Bacolod-Silay Road), the widening and improvement of Gapan-San Fernando-Olongapo (GSO) road, Phase II (Lubao, Pampanga-Dinalupihan, Bataan Section) and the Caticlan airport development project.
The P972-million New Bacolod airport access road project proposed by the Department of Public Works and Highways (DPWH) intends to connect the said airport in Silay City to Bacolod City.
The access road has a total length of 10.12 kilometers. A two-lane road will be initially opened in 2011. It will be widened into a four-lane road by the end of 2018. Construction is expected to start by 2008. The project will be financed through national government funds.
On the other hand, the GSO road project also proposed by the DPWH aims to spur economic development in Central Luzon. Its improvement also aims to provide safety, convenience and faster travel for motorists coming from the project area to the various tourist and business destinations in Olongapo, Zambales and Bataan.
The project’s total cost is P2.06-billion of which P1.31 billion of the total project cost will be sourced from the Korean EDCF while P745.5 million will be the GOP counterpart. While the project was approved, NEDA board decided to defer its implementation and prioritize the completion of the ongoing locally-funded Lubao diversion road instead.
The unsolicited build-rehabilitate-operate-transfer (BROT) proposal for the Caticlan Airport Development Project was likewise approved by the Board. This involves the rehabilitation of the existing Caticlan airport to accommodate the increasing passenger traffic bound for Boracay Island and other tourist destinations in Region VI.
The project also aims to increase the capacity of the airport terminal for greater passenger traffic, accommodate regional flights and larger aircrafts and improve quality of service and passenger safety and security in the area.
The construction or rehabilitation of the P2.5-billion airport project is targeted to start this year. The Air Transportation Office (ATO) will manage the airport until 2010 while the Caticlan International Airport and Development Corporation (CIADC), who will finance the project, will take over its operation by 2011 to 2033.(Edu Lopez - Manila Bulletin)
The National Economic and Development Authority (NEDA) board has approved three infrastructure projects worth P5.5 billion.
NEDA is headed by Socio-Economic Planning Secretary Augusto B. Santos, Director General.
These are the new Bacolod airport access road (Bacolod-Silay Road), the widening and improvement of Gapan-San Fernando-Olongapo (GSO) road, Phase II (Lubao, Pampanga-Dinalupihan, Bataan Section) and the Caticlan airport development project.
The P972-million New Bacolod airport access road project proposed by the Department of Public Works and Highways (DPWH) intends to connect the said airport in Silay City to Bacolod City.
The access road has a total length of 10.12 kilometers. A two-lane road will be initially opened in 2011. It will be widened into a four-lane road by the end of 2018. Construction is expected to start by 2008. The project will be financed through national government funds.
On the other hand, the GSO road project also proposed by the DPWH aims to spur economic development in Central Luzon. Its improvement also aims to provide safety, convenience and faster travel for motorists coming from the project area to the various tourist and business destinations in Olongapo, Zambales and Bataan.
The project’s total cost is P2.06-billion of which P1.31 billion of the total project cost will be sourced from the Korean EDCF while P745.5 million will be the GOP counterpart. While the project was approved, NEDA board decided to defer its implementation and prioritize the completion of the ongoing locally-funded Lubao diversion road instead.
The unsolicited build-rehabilitate-operate-transfer (BROT) proposal for the Caticlan Airport Development Project was likewise approved by the Board. This involves the rehabilitation of the existing Caticlan airport to accommodate the increasing passenger traffic bound for Boracay Island and other tourist destinations in Region VI.
The project also aims to increase the capacity of the airport terminal for greater passenger traffic, accommodate regional flights and larger aircrafts and improve quality of service and passenger safety and security in the area.
The construction or rehabilitation of the P2.5-billion airport project is targeted to start this year. The Air Transportation Office (ATO) will manage the airport until 2010 while the Caticlan International Airport and Development Corporation (CIADC), who will finance the project, will take over its operation by 2011 to 2033.(Edu Lopez - Manila Bulletin)
Labels: Gapan-San Fernando-Olongapo (GSO) Highway, neda, olongapo
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