In a statement, NEDA Secretary Arsenio Balisacan underscored the importance of the 185 Infrastructure Flagship Projects (IFPs) under the Build-Better-More Program, valued at P9.54 trillion or approximately $163 billion.
Three projects have been completed — the Samar Pacific coastal road project; the integrated disaster risk reduction and climate change adaptation measures for Pampanga; and the flood risk improvement and management project for Cagayan de Oro River — while 63 are currently underway, with many more in various stages of approval and preparation.
These include the Pasig-Marikina river channel improvement project, Central Luzon Link Expressway, and the Panguil Bay bridge. Thirty-one more have been approved for implementation, six are awaiting government approval, and 82 are in the preparation stage.
Recent policy reforms, including the amended Renewable Energy Act, the Public Service Act, and the Public-Private Partnership Code, are designed to attract foreign investment and facilitate infrastructure development. Executive Order No. 59, signed in April 2024, aims to streamline the permit process for IFPs, reducing delays and accelerating implementation.
Balisacan concluded by reaffirming the government’s dedication to sustaining economic momentum and realizing the country’s potential through robust infrastructure development.
