Secretary Karl Kendrick ChuaThe National Economic and Development Authority (NEDA) Board has approved 80 percent of the national government's 112 flagship infrastructure projects since 2016, newly confirmed Socioeconomic Planning Secretary Karl Kendrick Chua said on Wednesday. Chua told the Senate during his confirmation hearing that the government was "moving fast" with regard to its Build Build Build program. "Of the 112, 80 percent actually has already been approved by the NEDA Board," he claimed. Chua said 51 of the greenlighted projects were in the construction stage while 31 were in the pre-construction stage. The infrastructure program received P1.12 trillion or 5.4 percent of gross domestic product from this year's P4.50-trillion national budget, he continued.

Source: Manila Times June 02, 2021 17:37 UTC