BusinessWorld
May 25, 2021 | 12:32 am
PHILIPPINE STAR/ MICHAEL VARCAS
THE NATIONAL Economic and Development Authority (NEDA) listed 17 infrastructure and other development projects worth P394.96 billion that will be up for review by the Cabinet-level Investment Coordination Committee (ICC).
Latest documents as of May 15 showed these projects are either locally funded or being financed by official development assistance (ODA), at different stages of approval process.
In a separate document, NEDA also identified 26 more projects worth a combined P1.387 trillion as of mid-May that are being reviewed by the NEDA’s ICC technical board.
Generally, NEDA said proposed infrastructure projects have to undergo initial assessment by its ICC technical board, followed by a review by the ICC Cabinet Committee (CabCom). The NEDA Board, chaired by President Rodrigo R. Duterte, gives the final approval.