The Philippines National Economic and Development Authority (NEDA) has approved six new infrastructure projects, including four PPP deals.
Chaired by President Benigno Aquino III, the organisation has given the go-ahead to a series of transportation projects, including the controversial rebidding of the Cavite-Laguna Expressway Project.
That scheme is valued at $800m. The project has faced a number of hurdles over the last year such as the disqualification of a San Miguel Corp-led consortium from the bidding over the summer, citing a failure on the validity of its bid security.
Other PPP deals included are the $3bn North-South Railway Project – South Line, which involves an elevated commuter railway from Malolos to Tutuban, plus the expansion of the Tarlac-Pangasinan-La Union Expressway (TPLEX), valued at $45m.
Finally, the NLEX-SLEX Connector Project of the DPWH, with a total estimated cost of $45m, has also been approved. It involves the construction and operation and maintenance of a 13.4km, four lane elevated expressway over the PNR right-of-way, which starts in Caloocan City and ends in Buendia, Makati.
The two deals to be approved that are not being delivered under the PPP framework are the Panguil Bay Bridge Project and Phase 1 of the North-South Commuter Railway (NSCR) Project.