About 12 billion pesos is alloted for infrastructure projects in Mindanao this year.
Philippine Rural Development Project (PRDP) National Deputy Director Arnel De Mesa said the budget is intended to build farm-to-market roads for farmers to facilitate the transportation of their produce.
“We have already approved 12 billion worth of infrastructure projects and about 400 million enterprise projects,” he said.
De Mesa said the fund is more than half of the PRDP’s 20.26 billion loans of the national government from the World Bank.
Since March 30, 2016, the PRDP has approved projects worth 6.05 billion pesos while the other 6 billion are now in the pipeline.
With the budget, the Region 9 (Zamboanga Peninsula) will get 1.352 billion pesos while Region 10 (Northern Mindanao) will get 1.462 billion pesos.
The 1.09-billion-peso chunk will go to Region 11 (Davao Region) and 1.003 billion pesos is for Region 12 (Southwestern Mindanao).
CARAGA Region will receive 966 million pesos while 164 million pesos will be given to Autonomous Region in Muslim Mindanao (ARMM).
“Alongside these numbers, we are have formally submitted a proposal for additional financing last January to NEDA (National Economic and Development Authority) of about 450 million dollars and hopefully, the NEDA and WB will approve it before the year ends so the money will be available in 2017,” De Mesa added.
De Mesa said most of the projects are farm-to-market roads and the projects will be implemented based on the demand of the local government units.
PRDP is a six-year program focused on establishing a modern, value chain-oriented and climate-resilient agriculture and fisheries sector.
It is funded by the World Bank and the national government along with its local government counterparts and cooperatives.
| Published in 105.9 Balita FM Facebook page: 12B is for infra projects in Mindanao, April 11, 2016