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The National Economic and Development Authority (NEDA) Board has given the green light to the upgrade, operations, and maintenance of the Bohol-Panglao International Airport project with a total cost of P4.5 billion.
NEDA Secretary Arsenio Balisacan said in a press conference in Malacanang that the NEDA board approved approximately P269.7 billion worth of programs and projects in its 10th meeting today.
Balisacan said that the unsolicited PPP airport project aims to increase the passenger capacity and improve the passenger experience at the Bohol-Panglao International Airport.
“Currently, Bohol’s international airport is designed to support two million passengers per year. With the approved expansion project, the maximum passenger throughput will be increased to 2.5 million passengers per year at project start and is expected to increase to 3.9 million by the end of the project. We expect this project to boost tourism and, as a result, generate more high-quality jobs,” Balisacan said.
Meanwhile, to address the need for more accessible and affordable hemodialysis treatment, the NEDA board has also approved the P392 million Dialysis Center PPP Project for the Renal Center Facility of the Baguio General Hospital and Medical Center.
“Currently, the Baguio General Hospital only has 30 machines, all of which are working at full capacity. Thus, this solicited PPP project will increase the number of active hemodialysis machines to 108 by 2029,” Balisacan said.
The NEDA board likewise confirmed the approval of the infrastructure preparation and innovation facility’s second additional financing, to improve and accelerate the delivery of infrastructure flagship projects.
This will have a total project cost of P13.08 billion, P11.38 billion of which will be financed through official development assistance from the Asian Development Bank.
The NEDA Board has also confirmed the approval of the Green Economy Programme in the Philippines.
The Programme, which will be financed through a P3.62-billion grant from the European Union, will build the capacity of the national government, local government units, and the private sector to mainstream and sustain green economy activities, enhance the circular economy, reduce waste and plastic, and increase energy efficiency and renewable energy deployment.
Meanwhile, the NEDA Board has approved changes to the cost and implementation timeline of the Bataan-Cavite Interlink Bridge project, with cost increased to P219.3 billion from P175.6 billion; and the cost, scope, and timeline of the Cebu Bus Rapid Transit Project, now amounting to P28.78 billion.
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