DBM allocates P3B for agri projects

ABS-CBN News

Posted at Nov 07 2011 02:52 PM | Updated as of Nov 08 2011 03:10 PM

MANILA, Philippines - The Department of Budget and Management (DBM) allocated an additional P2.96 billion for agricultural infrastructure and support, as the agricultural sector tries to recover from recent typhoons.

Budget Secretary Florencio B. Abad said the funds will support agricultural development aimed at food self-sufficieny and help families achieve sustainable livelihood.

The allocation for the Department of Agriculture is part of the Aquino administration's P72 billion disbursements acceleration plan.

Of the total, P829.7 million is for irrigation projects under the National Irrigation Administration, which will benefit 8,100 households. Some P411.4 million will be allocated for the NIA’s Agno River Integrated Irrigation Project.

Another P560.7 million will be released to department to construct and rehabilitate farm-to-market roads badly hit by previous typhoons "Pedring" and "Quiel." The road construction and rehabilitation projects are mostly in Region IV-A, Region VI and Region II.

For the promotion of sustainable mangrove reforestation and farming, P237.5 million is allocated for the Bureau of Fisheries and Aquatic Resources’ Integrated Community-Based Multi-Species Hatchery and Aquasilvicture Farming Program.

Abad said P919 million will also be allotted for the Mindanao Rural Development Project, which will involve the construction and rehabilitation of farm-to-market roads and communal irrigation and water systems, and the development of geo-tagging to monitor agriculture infrastructure projects.