NEDA Board approves MRT-4, other projects
The National Economic and Development Authority Board has greenlighted new projects cumulatively worth P547.6 billion, including the Mass Rapid Transit (MRT) 4 Project of the Department of Transportation.
“We intend to roll out as many as we can to ease congestion and spread growth throughout the country,” Socioeconomic Planning Secretary Ernesto Pernia said in a statement Wednesday.
The MRT-4 Project includes the construction of a 15.56-km elevated monorail transit system from N. Domingo, Quezon City to Taytay Diversion Road – Manila East Road rotunda in Taytay, Rizal.
Meanwhile, the EDSA Greenway Project, which was also approved by the NEDA Board, involves the enhancement of pedestrian facilities around key rail stations along EDSA, particularly Balintawak, Guadalupe, Cubao and Taft for the first phase of the project.
Below is the list of projects recently approved by the NEDA Board:
Mass Rapid Transit (MRT) 4 Project – Department of Transportation (P57.07 billion | Official Development Assistance (ODA)
EDSA Greenways Project – Department of Transportation (P8.51 billion | ODA)
Maritime Safety Enhancement Program – Department of Transportation-Philippine Coast Guard (P6.25 billion | ODA)
Bataan-Cavite Interlink Bridge (BCIB) Project – Department of Public Works and Highways (P175.7 billion | ODA)
Cebu-Mactan Bridge (4th bridge) and Coastal Road Construction Project (New Mactan Bridge Construction Project) – Department of Public Works and Highways (P76.41 billion | ODA)
Capas-Botolan Road Project – Department of Public Works and Highways (P5.9 billion | ODA)
Panay-Guimaras-Negros Island Bridges Project – Department of Public Works and Highways (P189.53 billion | ODA)
Davao City Coastal Bypass Road Project including Bucana Bridge – Department of Public Works and Highways (P28.26 billion | ODA and national budget)
Change in scope and cost of the Davao City Bypass Construction Project – Department of Public Works and Highways (P46.8 billion | ODA)
Request for extension of loan validity and implementation period, and increase in cost of the Samar Pacific Coastal Road Project – Department of Public Works and Highways (P1.13 billion | ODA)