Economy


Council endorses Mindanao project




Posted on May 23, 2012


CAGAYAN DE ORO -- The Northern Mindanao Regional Development Council has endorsed a plan to take out a $200-million loan for the Mindanao Rural Development Program (MRDP) Phase 2.

Aside from the MRDP financing, the following projects were also endorsed, or approved, during the council’s 93rd meeting last May 17 in Malaybalay, Bukidnon.

• a proposed high-technology radar system for weather and climate monitoring, forecasting and warning capabilities of the Philippine Atmospheric, Geophysical and Astronomical Services Administration;

• a regional technical education and skills development plan for 2011-2016;

• the Technical Education and Skills Development Authority’s review and endorsement of Technical-Vocational Education and Training;

• harmonization and strict implementation of policies on gross vehicle weight limits for trucks and trailers; and

• a request for the Department of Transportation and Communications to include in the scope of Public-Private Partnership arrangements the Laguindingan Airport in Misamis Oriental.

A statement issued by the Philippine Information Agency on the meeting said the localization of the Philippine Plan of Action for Nutrition was also approved.

The meeting also served as venue for the launching of "Enhancing Capacities on Disaster Risk Reduction and Management/Climate Change Adaptation" project with the signing of an agreement between the National Economic and Development Authority (NEDA), local government units, and other state agencies.

The major decision during the meeting, however, was on the MRDP funding that would be allocated to the region. MRDP is an initiative under the Department of Agriculture, with the bulk of funding from the World Bank.

The NEDA’s Investment Coordination Committee endorsed last week a two-year extension for the program, which was supposed to end this year, at an estimated total cost of $400 million. -- Rochie Lou A. Embodo