THE National Economic and Development Authority (NEDA) Board, with President Ferdinand Marcos Jr.
at the helm, has green-lighted 194 high-impact priority projects under the Infrastructure Flagship Projects . It also approved amendments to the 2013 Joint Venture Guidelines that are seen to further strengthen the government's 'Build Better More' program.NEDA Director-General Arsenio Balisacan said the new IFP list and the amendments to the JV guidelines will improve the country's competitiveness and make it a prime investment destination in the region.
'These high-impact and urgently-needed infrastructure projects aim to showcase the government's Build Better More program,' stated the official.The new IFPs are seen to address the constraints to business investment and expansion and will create more high-quality and resilient jobs that will allow the Philippines to meet its poverty-reduction goals for the medium term. These will also be among the priorities under the government's annual budget preparation.
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