MANILA, Philippines (Xinhua) – The National Economic and Development Authority (NEDA) Board has approved a series of infrastructure projects that worth P184.2 billion (about $4.22 billion) today.
The list of seven projects include three rail projects and one airport, transport terminal, hospital, and water supply projects. Of the seven projects approved by the NEDA Board, six will be undertaken through a Public Private Partnership (PPP) mode.
“The rail projects will connect the train systems and make it convenient for passengers to transfer from one train to another. This will also help reduce passengers’ travel time,” the Director- General of the NEDA Arsenio Balisacan said.
Meanwhile, the other projects included Mactan-Cebu International Airport New Passenger Terminal Project ($401.60 million); the Development of Transportation System at the Southern outskirts of Metro Manila ($176.70 million); the Modernization of the Philippine Orthopedic Center ($128.51 million); and the Bulacan Bulk Water Supply Project ($559.94 million).