Economy


NEDA Board meeting rescheduled




Posted on June 09, 2014


THE NATIONAL Economic Development Authority (NEDA) Board meeting earlier set for this Wednesday has been moved to June 19.

Asked to confirm the date of the meeting, NEDA Director-General Arsenio M. Balisacan said in a text message yesterday: “Next NEDA Board meeting will be on June 19, not this week.”

In a May 30 text message, Mr. Balisacan had told BusinessWorld that the next meeting was tentatively set for June 11.

Asked about the agenda for June 19 meeting, Mr. Balisacan said: “We can’t share that with you yet. We’re still firming them up.”

However, Department of Transportation and Communications Secretary Joseph Emilio A. Abaya said in a separate text message yesterday: “DoTC will have the operation and maintenance of Laguindingan and Panglao airports and LRT-1 (Light Rail Transit Line 1) south extension confirmation.”

The financial proposal of Light Rail Manila Consortium, the only bidder for the LRT-1 project, was opened Thursday. Should the NEDA Board approve the bid, the contract will be awarded to the consortium, Mr. Abaya said.

Public-Private Partnership (PPP) Center Director Cosette V. Canilao confirmed the inclusion of the airport projects and LRT-1 bid confirmation on the agenda. She also said that the Laguna Lakeshore Expressway Dike Project (LLDP) would be taken up.

The LLDP was discussed in the May 29 NEDA Board meeting, but environmental and technical concerns raised by board members hindered its approval.

The project calls for the construction of a 500-meter highway cum dike to mitigate flooding in communities surrounding the lake and provide an alternate route to and from Laguna. The LLDP is worth approximately P152 billion. -- B.C.P. Balaoing