Neda board approves increase in Cebu BRT project funding
The National Economic and Development Authority (Neda) board has approved an increase in the budget for the Cebu Bus Rapid Transit (BRT) project to P28.78 billion from P16.3 billion. The board also approved the extension of the implementation period until the end of December 2027, and the adjustment of the loan validity from the French Development Agency and the World Bank to September 2027.
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.
National Economic and Development Authority Sec. Arsenio M. Balisacan announces PHP 269.7 billion in high-impact programs and projects at the tenth NEDA Board Meeting, including the Upgrade, Expansion, Operations, and Maintenance of the Bohol-Panglao International Airport and the Dialysis Center Project of the Baguio General Hospital and Medical Center.
NEDA Board OKs high-impact projects worth P269 7 billion bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
NEDA board approves P269 7 billion high-impact projects philstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from philstar.com Daily Mail and Mail on Sunday newspapers.