Phl approves $6.7 billion worth of infrastructure projects

MANILA, Philippines (Xinhua) - The Philippine government approved today over P300-billion (about $6.7-billion) worth of huge infrastructure projects.

Presidential Communications Operations Office Secretary Herminio Coloma Jr. said 11 projects, with a total project cost of 303.08 billion pesos, were given the go signal by the National Economic and Development Authority Board headed by President Benigno S. Aquino III during a meeting on Friday.

Five flood control, road, and bridges projects valued at P115.45 billion will be implemented by the Department of Public Works and Highways.  

The Department of Transportation and Communications will implement maintenance and modernization projects of four airports and one seaport in the country, entailing P137.45-billion worth of funds.

The Department of Justice will spearhead regional prison facilities worth P50.18 billion and to be implemented under the public-private partnership scheme.