The Philippines will use internal funds to finance 11 infrastructure projects worth around Php104-billion. Perhaps due to the recent controversy regarding the ZTE network broadband deal, the government decided to put on hold all official development assistance (ODA) loans which are not yet finalized. But since the said projects are deemed important by the government, locally generated funds will be use to finance them.
The 11 infrastructure projects are:
- New Communications, Navigation, Surveillance and Air Traffic Management Systems Development Project in Northern Luzon;
- Regionalization of mental health services;
- Phase 2 of the redevelopment of the Tacloban Airport;
- Construction of elementary and high school classrooms in areas with acute shortage;
- Cyber Education Project;
- Light Rail Transit Line 1 south extension;
- Luzon Urban Beltway mainline south railway project;
- Light Rail Transit Line 2 extension;
- Bataan-Manila pipeline project;
- Light Rail Transit Line 1 north extension project; and
- the Angat water utilization and aquaduct improvement.
The Department of Budget and Management (DBM), tasked by the Office of the President, will coordinate with multilateral agencies to come up with a uniform loan conditions.
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