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Manila Bulletin devider Philippines devider National devider Marcos OKs 23 new flagship infra projects

Marcos OKs 23 new flagship infra projects

Published Feb 27, 2024 11:08 pm

President Marcos has approved 23 new infrastructure flagship projects (IFPs), including the Davao City Bypass.

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President Ferdinand 'Bongbong' Marcos Jr. and NEDA Secretary Arsenio Balisacan (Photo courtesy of Bongbong Marcos)

"We've approved 23 new IFPs, including the Davao City Bypass Construction, as part of our P9.14 trillion Build Better More Program," Marcos announced on Tuesday, Feb. 27.

The President added that the newly-approved infrastructure projects bring the country's total IFPs to 185.

Among the projects that were approved was the 45.5-kilometer Davao City Bypass Construction Project.

It is among the infrastructure flagship projects started under the previous administration’s “Build Build Build” program and is being continued under the current administration.

The inclusion of 23 new projects and deletion of 36 projects resulted in the decrease of IFPs from 198 to 185, majority of which are geared towards improving physical connectivity.

Malacañang said the 23 new projects were added in the IFP list as it complied with the criteria such as being consistent with and contributes to national development objectives and priorities; included in the Public Investment Program (PIP) and Three-Year Rolling Infrastructure Program (TRIP) through the PIP Online System; and with TPC of at least P2.5 billion.

Other projects, on the other hand, were delisted from the IFP list for the following reasons: having total project cost below P2.5 billion;  not being a top priority in the implementing agency’s budget proposal; not endorsed in the PIP and TRIP; no substantial progress in its implementation in 2023; considered as regular programs of the implementing agency; and funded by purely private business undertakings.

With the changes, the indicative total cost increased from P8,776.04 billion to P9,143.16 billion.

Of the total cost, 81 are financed through the Official Development Assistance (ODA), 51 through the General Appropriations Act, 45 through public-private partnerships (PPPs), seven through hybrid financing modalities, and one project that is yet to be determined. 

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