Tuesday, 30 March 2010

NEDA-ICC approves P5-billion flood control project for Capiz

FALA
BusinessWorld
http://test.bworldonline.com/main/content.php?id=8209

ILOILO CITY -- A P5-billion project aimed at solving the flooding problem in the province of Capiz has been endorsed to the National Economic and Development Authority (NEDA) Board for funding by Japan.

Gilberto A. Altura, chief of the project development, programming and budgeting division of NEDA’s office in Western Visayas, told journalists here that the Panay River Basin Flood Control Project in Capiz has been approved by NEDA’s Investment Coordination Committee (ICC), the last step before approval by the NEDA Board, which the President heads as chairman.

It has been included in the list of projects that will be proposed for funding under the 28th yen loan package of the Japan International Cooperation Agency, Mr. Altura added.

The project has three components, namely: dredging and improvement of the Panay River Basin; construction of the Cogon Hamulauon Floodway; and establishment of a flood forecasting and warning system.

Mr. Altura said his office expects project funds to be released next year. The project is targeted to start next year, to be completed by 2015.

The Regional Development Council and the NEDA office in Western Visayas are also waiting for the NEDA Board’s approval of the proposed P712-million Integrated System Operation Efficiency Improvement Project for the irrigation facilities damaged by Typhoon Frank in Antique and Aklan in late-June 2008. Mr. Altura said the project is being implemented nationwide and Western Visayas was identified as one of the recipient areas. -- FALA

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