The country’s infrastructure and construction sector will be more active this 2022 as numerous projects carry over from the previous year—with new ones also set to begin. 

The interagency Investment Coordination Committee (ICC) approved 30 infrastructure projects back in 2021, the National Economic and Development Authority (NEDA) says. 

According to OIC Undersecretary for Investment Programming Roderick Planta, the majority of these projects, which are collectively worth P1.31 trillion, are already ongoing. 

“The ICC approved 30 projects in 2021. [Some] 25 of those are ongoing projects and five are new projects,” Planta told BusinessMirrror during the AskNEDA Briefing held on Monday (January 31). 

The new projects, Planta said, will include the following: 

  •  The P176-billion Laguna Lakeshore Road Network (LLRN) Project Phase 1, which will be handled by the Department of Public Works and Highways (DPWH) and financed by the Asian Development Bank (ADB).
  • The P81-billion Davao City Expressway Project and the P7-billion Panglao-Tagbilaran City Offshore Bridge Connector (PTCOBC) Project, which will also be undertaken by the DPWH and financed by China. 
  • DPWH’s P15-billion Philippines Seismic Risk Reduction and Resilience Project to be funded by the World Bank.
  • The P12-billion Philippine Multisectoral Nutrition Project, a collaboration between the Department of Social Welfare and Development (DSWD) and the Department of Health (DOH).

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