NEDA approves PHP70.6B for infra, resilience projects

The NEDA Board chaired by President Ferdinand R. Marcos Jr. approved PHP70.6 billion worth of projects aimed at boosting infrastructure and economic progress across the Philippines.

One major project is the PHP56.7-billion Panahon ng Pagkilos: Philippine Community Resilience Project (PCRP) by the Department of Social Welfare and Development, which will benefit over four million households in vulnerable areas with high poverty incidence and severe climatic hazards.

Another approved project is the PHP13.9-billion Tumauini River Multipurpose Project by the National Irrigation Administration, set to enhance irrigation for nearly 8,200 hectares in Isabela from September 2025 to September 2030.

The NEDA Board also approved changes to the Phase 2 of the Balog-Balog Multipurpose Project and reallocation of loan proceeds for the Improving Growth Corridors in Mindanao Road Sector Project, both aimed at boosting regional growth and resilience.

NEDA Secretary Arsenio Balisacan emphasized that these projects reflect the government's commitment to inclusive growth by enhancing infrastructure and creating sustainable economic opportunities throughout the country.