The National Economic and Development Authority (NEDA) Board, chaired by President Ferdinand Marcos Jr., on Tuesday approved projects aimed at
The National Economic and Development Authority Board, chaired by President Ferdinand Marcos Jr., on Tuesday approved projects aimed at strengthening the country’s maritime security and flood management capabilities.
The NEDA Board also approved extensions and cost increases for two flood-control projects under the Department of Public Works and Highways: the Cavite Industrial Area-Flood Risk Management Project and the Pasig-Marikina River Channel Improvement Project, Phase IV . Both projects will receive supplemental loans from the Japan International Cooperation Agency.
The PMRCIP IV’s implementation period has been extended to March 2031, with project costs increasing to P57.7 billion. The project involves constructing flood management infrastructure such as dikes/revetments, flood gates, and channel dredging works. “These adjustments will help mitigate the severe economic and social impacts of flooding in the NCR and CALABARZON, which have consistently affected the country’s economic performance.”
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