MANILA - The National Economic and Development Authority on Friday said its board confirmed the Investment Coordination Committee's approval of 7 new projects worth P187.34 billion on Nov. 29.

The newly approved list of projects includes the Davao Public Transport Modernization Project, Unsolicited Proposal for the New Bohol Panglao International Airport, and the Unsolicited Build-Operate-Transfer (BOT) Proposal for the Ninoy Aquino International Airport, NEDA said in a statement.

"This shows that the administration is committed to develop growth centers in the regions and maximize the economic benefits of connectivity of communities," Socioeconomic Planning Secretary Ernesto Pernia said.

The other 4 projects are the Pasacao-Balatan Coastal Tourism Highway, Samal Island-Davao City Connector (SIDC) Project, and Camarines Sur High-Speed Highway and the Development Objective Assistance Agreement (DOAg): Improved Health for Underserved Filipinos of the DOH.

The NEDA Board also confirmed the Investment Coordination Committee's approval of the increase in cost and change in scope of the Mindanao Railway Project - Tagum-Davao-Digos segment to P81.69 billion, the statement said.