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.