President Duterte’s economic team had just revised the list of the Administration’s big-ticket infrastructure projects, the new “Build, Build, Build “list, to now feature 100 projects (instead of 75), as reported by Rappler.
The New Dumaguete (Bacong) Airport which will cost P6,941,000 more or less is included in the approved list.
Will the plan for a new Dumaguete (Bacong) airport become a reality? 3rd District Cong. Arnie Teves and Bacong Mayor Lenin Alviola have been working hard to make this project a reality.
The projects were jointly approved by the powerful National Economic and Development Authority Board’s Committee on Infrastructure and the Investment Coordination Committee-Cabinet Committee.
Presidential Adviser for Flagship Programs & Projects Vince Dizon presented the new list to the committees, and on motion of Finance Sec. Carlos Dominguez, the committees swiftly responded in the affirmative.
Duterte will now need at least P4.3 trillion to complete all 100 projects.
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As of this date, the Asian Development Bank and some Korean funding sources have extended loans to finance the “Build, Build, Build” projects. The new list divides projects into five categories: 1) transport and mobility; 2) water; 3) urban development and renewal (including disaster resilience projects); 4) information and communications technology; 5) power.
The economic team had three major considerations for the inclusion of 25 more projects: 1)its urgency which addresses a current problem or concern; 2) its national or regional significance which relates to the impact or benefits of the project that can be felt by more people in a wider area; 3) its game-changing nature which relates to the significant impacts on people’s lives and on the conduct of business in the country.
The approved construction of the new Dumaguete-Bacong Airport project has raised expectations that this will result in the the rise of more socio-economic and tourism opportunities.
This new airport will serve as an alternative international airport, and will require at least 250 hectares in the town of Bacong.
Again I ask: Will this project for a new international airport in Bacong materialize during our lifetime? Your guess is as good as mine.
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