The government approved five new projects in
transportation and the energy sectors totaling P131.4
billion as it underscores the importance of improving the
country's infrastructure to sustain long-term economic
In a statement on Saturday, Communication
Secretary Herminio Coloma Jr. said among the NEDA approved
projects include the new passenger terminal building at the
Clark International Airport, which will be built to meet its
The project, which costs
P15.3 billion, will allow Clark International Airport to
accommodate up to three million passengers a year.
The project, to be funded by the government will include the
installation of equipment, machineries and facilities.
The NEDA Board also approved the Naga airport
development project at a cost of P3.5 billion in Camarines
The airfield will be reoriented to enable
dual-approach landing and takeoff and new airside and
landside facilities will be established to meet the growing
The project will be funded through
the general appropriations act.
The board also
approved the P64.7 billion LRT Line 6 construction. LRT 6 is
a 19-kilometer elevated rail facility from LRT Line 1
extension in Bacoor that will go southward through Imus and
up to Dasmarinas along the Aguinaldo highway.
project, which is expected to drastically cut travel time,
is a public-private partnership (PPP) initiative.