PH invests on country’s economic and social needs

Serious money is being spent for the country’s economic development. One of them is a PPP which will need foreign investors to help support.

From the Manila Bulletin

NEDA Board Okays 4 Projects Costing Total of P21 Billion

By EDU LOPEZ
September 19, 2012, 5:13pm

MANILA, Philippines — The National Economic and Development Authority (NEDA) board has approved four major projects worth about P21.08 billion.

These are the modernization project of the Philippine Orthopedic Center (POC), family health program, educational assistance for Muslim Mindanao and land administration and management project.

The P5.69 billion POC public-private partnership project involves the construction of a 700-bed capacity orthopedic hospital within the National Kidney and Transplant Institute Complex along East Avenue, Quezon City. It will also involve the supply, installation, operations and management of modern diagnostics equipment and IT facilities, as well as the operation and maintenance of the entire facility.

The new P8.9 billion joint family health program between the Philippines and the US would focus on three component areas in the health sector where the United States Agency for International Development (USAID) had demonstrated successful investments and comparative advantage.

These components include family planning, and maternal and child health; tuberculosis (TB) control and multi-drug resistant TB treatment.

The P3.9 billion basic educational assistance program for Muslim Mindanao would be funded by the official development assistance and the Australian Agency for International Development. It involves key activities in key different areas such as infrastructure, health and sanitation, technical-vocational training, and access to education.

The project is aimed at improving the management and teaching capacities through training of education managers and teachers; construction and repair of classrooms and other school facilities; improve school health conditions and training of school health personnel and teachers; improve livelihood opportunities technical-vocational training for out-of-school-children and youth; and improve access to pre-school and elementary education.

The NEDA board has also approved the additional financing for the World Bank-assisted land administration and management project (LAMP 2) worth P2.68 billion. The LAMP 2 project involves the establishment of a land information system and improving land tenure security in the country. It will develop an efficient system of land titling and administration that will foster the development of efficient land markets in rural and urban areas.

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