NEDA Board OKs higher costs, timeline extensions of flood control projects

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NEDA Board OKs higher costs, timeline extensions of flood control projects
NEDA BoardFerdinand Bongbong Marcos Jr.
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The National Economic Development Authority Board, chaired by President Ferdinand "Bongbong" Marcos Jr., approved Tuesday the increased costs and extended construction periods of the Cavite Industrial Area-Flood Risk Management Project and the Pasig-Marikina River Channel Improvement Project-Phase IV."I think maybe the detailed engineering had to compensate for weather changes.

30, 2024, the project has an overall physical accomplishment rate of 44.21%, with negative slippage of 55.79%. It has a fund utilization rate of 35.42% or P3,503.84 million already disbursed.The project seeks to mitigate flood damage in the lower reach of San Juan River Basin and its adjacent Maalimango Creek Drainage Area in Cavite, according to the Presidential Communications Office.

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NEDA Board Ferdinand Bongbong Marcos Jr.

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