NEDA Board approves Subic-Clark railway, Bulacan international airport

April 26, 2018

The National Economic and Development Authority (NEDA) Board approved eight new projects on Wednesday, a NEDA statement said Thursday. These include the approval of the Subic-Clark Railway and the unsolicited proposal for the Bulacan International Airport, the latter with the NEDA Board also approving the Investment Coordination Committee’s recommended reasonable rate of return and other parameters for negotiation. “We are pleased to see more infrastructure projects in the pipeline. As we roll them out, government shall keep working towards developing the country’s infrastructure to ensure easing of congestion in Metro Manila and spreading growth to the regions,” said Socioeconomic Planning Secretary Ernesto Pernia during the 6th NEDA Board meeting. The NEDA Board also approved the Clark International Airport Expansion Project-Operations and Maintenance PPP Concession, Ambal-Simuay River and Rio Grande de Mindanao River Flood Control Projects, Pasig-Marikina River and Manggahan Floodway Bridges Construction Project, Bridge Construction Acceleration Project for Socioeconomic Development Project, Rural Agro-Enterprise Partnership for Inclusive Development and Growth (RAPID Growth) Project, and the Davao Food Complex. The NEDA Board also approved the changes in the following previously approved projects: change in scope and cost as well as loan validity extension of the Integrated Disaster Risk Reduction and Climate Change Adaptation Measures in Low-Lying Areas of Pampanga Bay of the DPWH; change in scope and cost for the Integrated Marine Environment Monitoring System Project Phase 2 of the DA-BFAR; cost increase of the New Centennial Water Source—Kaliwa Dam Project of MWSS; and restructuring for the Integrated Natural Resources and Environment Management of the DENR. DMS