The National Economic and Development Authority (Neda) board raised the budget for the Cebu Bus Rapid Transit (CBRT) from P16.3 billion to P28.78 billion during its 10th meeting. The additional P12.4 billion budget will cover the cost of changes in the project plan that now includes mixed traffic sections from Bulacao to Talisay, South Road Properties (SRP) to Talisay, and Cebu IT Park to Talamban. Additionally, there will be an increase in the number of stations and terminals, optimization of routes, and an overall increase in the number of buses.
INVESTORS looking to park their funds in the Maharlika Investment Fund (MIF) will find that some of these investments will find their way into the Infrastructure Flagship Projects (IFPs), according to the National Economic and Development Authority (Neda). In a budget hearing at the Senate on Monday, Socioeconomic Planning Secretary Arsenio M. Balisacan said 52
A lawmaker on Monday strongly backed the plan by President Ferdinand R. Marcos Jr. to issue an executive order (EO) that would fast track the processing of licenses, permits, and other requirements for infrastructure flagship projects (IFPs). Bicol Saro Party-List Rep. Brian Raymund Yamsuan said this is a significant step in minimizing costs and ensuring the success
The government will accommodate its planned public auction and the unsolicited proposals for the redevelopment and operations and maintenance of the Metro Rail Transit (MRT) Line 3 concurrently, a ranking government official said. Transportation Undersecretary Timothy Batan said aside from Metro Pacific Investment Corp. (MPIC), diversified conglomerate San Miguel Corp. (SMC) also submitted an unsolicited
National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan said Thursday that they recommended to President Ferdinand "Bongbong" Marcos Jr. the issuance of an executive order that will expedite the processing of licenses and permits for infrastructure flagship projects.