THE GOVERNMENT is set to release this week more funds to support road works in Boracay, the Department of Budget and Management (DBM) said.
“The budget department will also release P490 million to Department of Public Works and Highways (DPWH) for the rehabilitation of the whole Boracay Circumferential Road in Aklan during the six-month closure of the island,” Budget Secretary Benjamin E. Diokno said during a press briefing Wednesday, May 2 in Mandaluyong City.
The new funds will augment the P50 million already appropriated this year to “accelerate the construction progress of the 5.2-kilometer road that will strictly follow the 6.10-meter carriageway standard on both sides.”
Mr. Diokno said, however, that the release of funds is still subject to the approval of the Office of the President.
The P480 million will be charged against savings generated by DPWH .
This follows the P448 million released to the Department of Labor and Employment (DoLE) last week covering financial assistance for the 17,735 residents and workers affected by the six-month closure to tourists.
The road project will incorporate an improved drainage and sewerage system along the main road to contain flooding.
The first phase covers 1.4 kilometers from Cagban Port to Rotonda, while the second phase is 1.9 kilometers from Rotonda to Brgy. Balabag.
The third phase involves another 1.9 kilometers from Barangay Balabag to Barangay Yapak.
ENOUGH FUNDS
Mr. Diokno said the government has enough fiscal space for financing rehabilitation efforts in Boracay.
“We can finance it through the 2018 national budget, we don’t need a supplemental budget, he said.
Apart from taking funds from concerned government agencies, the government can tap the P19 billion calamity fund, as the island has been declared under a state of calamity, or the P13 billion contingent fund.
The calamity fund can be tapped for relief, rehabilitation, reconstruction and other works or services in connection with the occurrence of natural destruction, while the contingent fund can be used exclusively for requirements of new and urgent projects that need to be implemented during the year.
SSS, DSWD
Meanwhile, the Social Security System (SSS) said in a separate statement Wednesday, May 2 that it has opened an emergency loan window to an estimated 11,000 members who are affected by the Boracay closure.
It said that it has allocated about P111.61 million for the Emergency Loan Assistance Program (ELAP), where members can borrow P1,000 to 16,000, depending on their monthly salary credit, payable in 32 months, inclusive of eight months moratorium period.
“We have also waived the 1% of the loan amount for the service fee so the members will get their loaned amount in full,” SSS President and Chief Executive Officer Emmanuel F. Dooc said.
“When the loan application is finally approved, the generated emergency loan checks may be picked up by the member within 10 working days at the SSS branch office where the application is filed. After this period, the check will be forwarded thru mail to the member’s mailing address indicated in the form,” he added.
Qualified members are those who have 36 monthly contributions, six of which should have been posted within the last 12 months prior to the month of filing of application; must be living or working in Boracay prior to its closure; under 65 years old at the time of loan application; have not been granted any final benefit; no outstanding Loan Restructuring Program (LRP) or Calamity Loan Assistance Program (CLAP); and have not been disqualified due to fraud against the SSS.
The Department of Social Welfare and Development (DSWD), for its part, said it has so far provided P7.1 million in transportation assistance to displaced workers and residents of Boracay who have decided to exit the island due to the closure.
“As of May 1, a total of 3,115 individuals have availed of transportation assistance,” the DSWD said in a statement.
DSWD officer-in-charge Secretary Emmanuel A. Leyco assured that the agency has enough funds to further assist residents and workers. — Elijah Joseph C. Tubayan