NEDA presents six-yr reg'l investment program

  • March 17, 2017

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)

Other News

PHLPost announces “Salamat Po” raffle winners
  • May 28, 2017
MANILA,  May 28 (PIA) – Its PHLPost turn to say “Salamat Po” to more than 400,000 students from all over the country who wrote and mailed personal “Thank You letters” through the “Salamat Po (Thank You) Letter Writing Promo.”   Two lucky winners of P50,000 were drawn in the grand raffle event held at the Canossa School in San Pablo City, Laguna. Ms. Shaina Gammayao of Ballesteros National High School in Cagayan (Student Category) and Ms. Liezel Capate of Tacloban City (Employee Category) won in the contest.   Postmaster General Joel Otarra congratulated the winners...Read more
Medium-term fiscal program to sustain the PH economy's growth momentum
  • May 27, 2017
MANILA, May 27 -- From 2017 to 2022, the government will embark on an expansionary fiscal policy to finance the country’s development priorities, boost economic growth, and ultimately achieve the administration’s objectives of rapid poverty reduction. The expansionary fiscal policy will be characterized by increased government spending, particularly on public infrastructure and social services. This fiscal strategy will be made possible by maintaining the deficit-to-GDP ratio at 3 percent while improving revenue effort through tax policy and tax administration reforms. The deficit wi...Read more
DSWD provides relief aid to families displaced by Marawi siege
  • May 27, 2017
QUEZON CITY, May 27 -- The Department of Social Welfare and Development (DSWD), through its concerned Field ​Offices​ (FOs)​ in Mindanao, has started to provide relief assistance today in the form of family food packs (FFPs) and food and non-food items (FNFIs) to families affected by the ongoing armed operation in Marawi City, Lanao del Sur between the Armed Forces of the Philippines (AFP) and members of the Maute Group and Abu Sayyaf Group (ASG) who have pledged allegiance to the international terrorist group, Islamic State of Iraq and Syria (ISIS). DSWD FO in Region XII will delive...Read more
President Duterte issues E.O. 25, renames 'Benham Rise' to 'Philippine Rise'
  • May 27, 2017
TAGUIG CITY, May 27 -- On 16 May 2017, President Rodrigo R. Duterte issued Executive Order No. 25 (E.O. 25) which effectively changed the name “Benham Rise” to “Philippine Rise.”   The Philippine Rise is an undersea feature, east of Luzon island. The shallowest part, which is the Benham Bank, is less than 50 meters deep. It is connected to the Luzon margin through the Palanan and Bicol Saddle. Section 2 of the said E.O. states that, the National Mapping and Resource Information Authority (NAMRIA) shall henceforth produce maps and charts, and indicate the name “Philippi...Read more