AN estimated investment of P25.27 billion is required for the Boracay Inter-Agency Task Force to implement the Medium-Term Boracay Action Plan (BAP) which includes installation of safeguards against ecological degradation and sustained tourism activity, according to the National Economic and Development Authority (NEDA) on Monday.
According to NEDA, the plan covers the enforcement of laws and regulations; pollution control and prevention; rehabilitation and recovery of the ecosystem; and sustainability of island activities.
The BAP shall be implemented until 2022 once approved by President Rodrigo R. Duterte, according to NEDA.
“It primarily provides the strategic interventions to ensure the island’s rehabilitation over the medium term and sustainable management over the long term,” NEDA Undersecretary Adoracion M. Navarro said in statement.
NEDA said that the private sector will finance P15.89 billion or 62.9% of the total cost, with some P16.21 billion allotted for infrastructure, NEDA said.
According to NEDA, the plan is in line with stakeholders’ goal to “secure a globally-competitive world-class tourism destination with a vibrant, productive and climate-resilient economy that is geared toward inclusive growth and anchored on the sustainable development of its innate natural resources.”
Department of Environment and Natural Resources (DENR) Secretary Roy A. Cimatu said that the Boracay rehabilitation is its centerpiece for 2018 accomplishments.
“With the eyes of the world upon us, we set forth to do what cynics thought was impossible: to transform a cesspool back to being one of the world’s best beaches and swimming destinations, within a period of only six months,” Mr. Cimatu said earlier in a statement. — Reicelene Joy N. Ignacio