MANILA, Philippines - The National Economic and Development Authority (NEDA) board's Investment Coordination Committee (ICC) approved five projects worth P32.67 billion, including the Light Rail Transit (LRT) Line 2 East Extension project.
The P9.76 billion LRT Line 2 East Extension project involves the construction of a 4.19-kilometer extension from the existing Santolan Station to Masinag Junction (intersection of Marcos Highway and Sumulong Highway). Two stations will be built at Emerald Drive, Cainta (in front of Robinson’s Place Metro East) and Masinag Junction, Antipolo City.
"The project will provide rapid and reliable mode of transit to the east of Manila and to various strategic commercial, industrial and educational districts in Metro Manila,” NEDA Deputy Director-General Rolando G. Tungpalan said, in a statement.
The LRT 2 east extension will be financed entirely by the Department of Transportation and Communication (DOTC).
The ICC also approved a public-private partnership project, the P5.69 billion modernization of the Philippine Orthopedic Center. A 700-bed capacity tertiary orthopedic hospital will be built within the National Kidney and Transplant Institute Complex along East Avenue, Quezon City.
"There is a need to upgrade the facilities and enhance the operational efficiency of the POC. This addresses the challenge of transforming it into the country’s primary center for bone and joints disease that will be at par with global standards," Tungpalan said.
The rehabilitation of the Navotas Fish Port Complex was also approved by the ICC. The P2.7 billion project, which will be implemented by the Philippine Fisheries Development Authority, involves upgrading of the landing quay, market halls, establishment of cold storage facilities, conversion of piers to wharf landing and installation of a wastewater treatment facility.
The ICC also gave the go-signal for phase II of the Department of Public Works and Highways’ bridge construction acceleration project for calamity-stricken areas. The P6.12 billion project, which will be continually funded by the Government of Austria, involves the construction and replacement of 66 temporary bridges with steel structures across the country.
"This project will provide reliable, safe, and continuous transport service that will reduce travel distance and time, and transport costs of passengers and goods. Most importantly, municipalities that are often hit by natural calamities will directly benefit from the replacement and construction of these bridges," Tungpalan said.
The P8.4 billion National Roads Bridge Placement Project, which will be funded by the United Kingdom government, also received the green light from the ICC. The project entails the construction and replacement of 133 bridges across the country.
After the ICC approval, the 5 projects will be endorsed to the NEDA board for its confirmation. The NEDA Board is chaired by President Benigno S. Aquino III and is the country's highest development planning and policy coordinating body.