MANILA - Ten infrastructure projects are up for the approval of President Rodrigo Duterte, the National Economic and Development Authority (NEDA) said Thursday.
These include the North-South Railway Project, the Metro Manila Bus Rapid Transit, and the Bicol International Airport Project, the NEDA said in a statement.
Duterte has promised to overhaul the country's creaking transport systems to attract more investors and plans to raise infrastructure to a record 7 percent of gross domestic product.
"These recommended projects are a good start towards the government's goal of improving government investments in infrastructure, especially in transportation and health, and agribusiness," Socioeconomic Planning Secretary Ernesto Pernia said in the statement.
The North-South Railway Project, which will be rolled out under the public-private partnership scheme, has a 34-year concession period.
The Metro Manila Bus Rapid Transit involves a 48.6-kilometer bus system that will traverse EDSA, Ayala Avenue, Ortigas, Taguig, and the Ninoy Aquino International Airport. The P68.2-billion project will have 63 stations.
Other projects include the Maritime Safety Capability Improvement Project for the Philippine Coast Guard Phase II; Metro Manila Flood Management Project; Increase in Passenger Terminal Building Area of the Bicol International Airport Project; Change in Scope of the New Bohol Airport Construction and Sustainable Environment Protection Project; Modernization of the Eastern Visayas Regional Medical Center and Gov. Celestino Gallares Memorial Hospital; and the Inclusive Partnerships for Agricultural Competitiveness for NEDA Board's action.