MANILA - Nine flagship infrastructure projects, including the proposed subway for Metro Manila, are up for approval next Tuesday by the National Economic and Development Authority (NEDA) board led by President Rodrigo Duterte.
Socioeconomic Planning Secretary Ernesto Pernia announced the expected approval of the projects worth P738 billion in Tuesday's meeting of the Management Association of the Philippines.
The list includes Phase 1 of the Mega Manila Subway Project, the Malolos-Clark Airport-Clark Green City Railway, the PNR South Commuter Line connecting Tutuban and Los Baños, and the PNR Long Haul between Calamba and Bicol.
The New Centennial Water Source-Kaliwa Dam Project, the Chico River Pump Irrigation Project, and the Cavite Industrial Area Flood Management Project are also set to be approved.
Funding for these seven projects will be sourced from Official Development Assistance (ODA) provided by foreign partners.
Other projects scheduled to be finalized by NEDA next week are: the Tagum-Davao-Digos segment of the Mindanao railway project, and the Clark International Airport's new terminal building, which will both use government funding.
The government said it intends to spend P8 trillion pesos on infrastructure development until the end of Duterte's term.