A P2.5-billion road construction project in Samar has been approved by the National Economic and Development Authority (NEDA) on Wednesday to facilitate the movement of goods and services in the region.
The Samar Pacific Coastal Road Project involves the improvement of the 108.4-kilometer road linking the towns of Laoang, Palapag, Mapanas, Gamay, and Lapinig in Northern Samar, and Arteche and San Policarpo in Eastern Samar, the NEDA said in a statement.
The project, which will be fully implemented from 2010 to 2013, aims to connect remote provinces in Samar Island to enhance their agricultural lands as well as fishing grounds.
Of the total development cost, the NEDA said P1.6 billion would be sourced from the Korean EDCF loan facility while the remaining P900 million would be financed by government.
Another project approved by the NEDA is the P3.5-billion Puerto Princesa Airport Development Project, which aims to increase tourist arrivals in Palawan province.
Together with the road improvements in Samar, the government agency has approved P6 billion worth of projects this month.
The Puerto Princesa Airport Development Project will include the construction of a passenger terminal complex and an access road off the national highway, the widening of the runway strip, the installation of an instrument landing system, the establishment of a new security fencing, and the improvement of navigational aid, air traffic control, communications and air field lighting.
All these improvements, the NEDA noted, will strive to meet the standards of the International Civil Aviation Organization.
Meanwhile, the economic planning agency also approved "emergency" repair works for the second phase of the LRT Line 1 Capacity Expansion Project, the first light rail line in Asia.