Statement on the 8th NEDA Board Meeting

Arsenio M. Balisacan, PhD
National Economic and Development Authority

Malacañang Press Conference
23 August 2023


Malacañang Press Briefer Daphne Oseña-Paez,

Members of the Malacañang Press Corps,

Ladies and gentlemen, good morning.

It is my honor to provide updates on the results of the 8th National Economic and Development Authority (NEDA) Board Meeting of the Marcos Administration, particularly on the progress we have made in implementing our Infrastructure Flagship Projects or IFPs.

First, let me share about the progress of our IFPs.

As reported by the NEDA Board Committee on Infrastructure or INFRACOM during the meeting, there are now 71 ongoing projects worth PHP 4.11 trillion as of July 2023, up from the 68 projects reported in the first quarter.

The three additional projects that have advanced to the ‘ongoing’ phase are the Metro Cebu Expressway, the Nautical Highway Network Improvement, and the Daang Maharlika Improvement projects. The Department of Public Works and Highways are implementing these connectivity and transportation infrastructure projects, which aim to improve connectivity across the country.

Among the remaining 123 IFPs, 27 have been approved for implementation, 8 are awaiting government approval, 52 are in the project preparation phase, while 36 are under the pre-project preparation phase as of July 2023.

Second, the NEDA Board confirmed today the revised guidelines for the formulation, prioritization, and monitoring of the government’s IFPs.

Particularly, projects approved by the Investment Coordination Committee or ICC and confirmed by the NEDA Board, which are not in the current IFP list, but meet the criteria indicated in the IFPs Guidelines, shall be included in the IFP list, subject to the endorsement from the concerned implementing agencies.

Third, following the revised guidelines, the NEDA Board approved to include three more projects under the list of IFPs. These projects are the Tarlac-Pangasinan-La Union Expressway or TPLEX Extension Project, the Philippine Rural Development Project Scale Up, and the Upgrade Expansion, Operation, and Maintenance of the Laguindingan International Airport Project in Misamis Oriental.

With their inclusion in the list, these projects will be prioritized in the government’s annual budget preparation and will benefit from the expedited issuance of applicable permits and licenses, in accordance with current legal frameworks. This is a significant contribution to the timely implementation of these projects and fully realizing their economic returns, as this will help the government avoid the possibility of increasing costs and financing charges due to delays.

Moreover, the NEDA Board approved the request for change in cost, scope, and implementation timeline of the Flood Risk Management Project for Cagayan de Oro River. The project aims to reduce flooding in high-risk, flood-prone areas; develop Cagayan de Oro River; and strengthen the resilience of the communities along the river’s stretch to climate change and other related hazards.

Lastly, the Board approved the provision of six fire trucks for Marawi City through an Official Development Assistance or ODA grant from China worth PHP72.5 million. This project aims to support the objectives of the Bangon Marawi Rehabilitation and Recovery program, which is the national government’s strategic action plan for the areas affected by the Marawi siege.

By ensuring the efficient implementation of high-impact infrastructure projects, the Marcos Administration aims to get the job done: we will enhance connectivity, reduce the cost of doing business, promote the creation of high-quality jobs, and ultimately reduce poverty sustainably to improve the lives of every Filipino.

Thank you.