NEDA endorses P13.3-B infra projects for implementation
by Christine Ubalde, InterAksyon.com
January 22, 2012

 MANILA, Philippines — The National Economic and Development Authority (NEDA) has endorsed for implementation some P13.27 billion worth of projects for irrigation, flood control and education.

In a statement, the NEDA said its Investment Coordination Committee (ICC) recently approved the following projects: the P7.05-billion Casecnan Multi-purpose Irrigation and Power Project-Irrigation Component Phase 2, the P4.66 billion Integrated Disaster Risk Reduction and Climate Change Adaptation Measures in Low-lying Areas of Pampanga Bay Project, and the P1.56-billion Umayam River Irrigation Project.

China will finance at least 75 percent of the second phase of the Casecnan project, which would be implemented by state-run National Irrigation Administration. The project will irrigate 20,321 of the 37,200 hectares of new areas in the towns of Munoz, Guimba, Talugtog, Cuyapo in Nueva Ecija, and Anao, Ramos and Victoria in Tarlac. The project also would ensure irrigation to 40,000 hectares of the Upper Pampanga River Integrated Irrigation System.

“This project is consistent with the objective of the Philippine Development Plan 2011-2016 to improve food security and increasing household income in the countryside through agricultural modernization. It also addresses Central Luzon’s objective of making food affordable and sufficient in and out of the region,” NEDA Director General Cayetano W. Paderanga Jr. said.

Read full article @ www.interaksyon.com