Friday, 16 December 2011

Government sees P832B worth of infra projects for implementation in 2012: Neda


CAI U. ORDINARIO
Business Mirror
 
THE government estimates that infrastructure projects to be undertaken next year will amount to around P832 billion, according to the National Economic and Development Authority (Neda).
Neda Director General Cayetano W. Paderanga Jr. told reporters that these projects are part of the still-to be published 2011 to 2016 Public Investment Program (PIP).

The PIP will amount to around P4.2 trillion under the term of President Aquino. The Neda estimated that close to P3.8 trillion will be composed of infrastructure projects alone or those that require construction while the remaining will be for the government’s on-lending program.

“These are still rough numbers. These are programmed expenditures so it will depend on the actual implementation but we’re confirming the increase because in 2011, the initial amount estimated was only about P500 billion so we’re romping it up to around P832 billion,” Paderanga explained.

Read more: http://www.businessmirror.com.ph/home/economy/20751-govt-sees-p832b-worth-of-infra-projects-for-implementation-in-2012-neda

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