CAGAYAN DE ORO CITY, March 17 (PIA) --- The National Economic and Development Authority in Northern Mindanao (NEDA-X) presented the 2017-2022 Regional Development Investment Program (RDIP) to members of the media and government communicators in a forum held Thursday, March 16.
The 2017-2022 RDIP is a document that will guide the implementation of programs and projects in the region in the next six years.
"This document translate our Regional Development Plan into concrete and actional programs and projects in order for us to meet or achieve our development outcomes for the period," said NEDA-X Assistant Regional Director Mae Ester T. Guiamadel.
Nestor Lisondra, chief economic development specialist of NEDA-X who presented the highlights of the 2017-2022 RDIP, said the six-year program is anchored on the national development agenda which is founded on three main pillars: Pagbabago, Malasakit, and Patuloy na Pag-Unlad.
"Under the RDIP, we need a total of P650 billion in order to fund the programs and projects of national line agencies and local government units in the region in the next six years," Lisondra said.
Infrastructure development got the biggest chunk in the RDIP with P130 billion requirements followed by the programs and projects for building resiliency of the economy.
"This requirement is in line with the national agenda of accelerating infrastructure infrastructure spending to trigger economic development," he said.
Among the big ticket infrastructure projects are the Panguil Bay Bridge Project connecting Tangub City in Misamis Occidental and Tubod in Lanao del Norte; Flood Risk Management Project for Cagayan de Oro River; Bukidnon Airport Development Project in Don Carlos, Bukidnon; Laguindingan Airport Operations, Maintenance, and Development Project; and the establishment of Regional Government Center in Alubijid, Misamis Oriental.
"Out of the P650 billion total requirements, we will get a slice of P130 billion to support the 2018 Annual Investment Program (AIP). This includes programs and projects that will be funded by the national government under the General Appropriations Act," he further said.
Lisondra said infrastructure development still got the bigget requirements in the 2018 AIP.
Aside from the RDIP, NEDA-X also revealed the performance of the regional economy last year.
Guiamadel said the annual regional economic situation for 2016 will serve as basis for policy and decision making in the region.
The report will provide some directions, especially to investors and local government units in terms of planning for economic development in the region, she added. (APB/PIA-10)