Monday, March 17, 2008 [ sunstar.com.ph ]
By Joy Romares-Sevilla
A TOTAL of P15.6 billion worth of development projects was endorsed by the five sectoral committees of the Regional Development Council (RDC) Southern Mindanao, the highest policy making body in Davao Region.
The five sectoral committees namely: Committee of Development Administration, Economic Development, Macroeconomy and Finance, Social Development, and Infrastructure Development committees proposed that the bulk of public investments for 2009 will be for nationally-funded road projects worth P4.5 billion; power supply development worth P3 billion; ports development, P1.4 billion; and hospital services and medical laboratory improvement worth P1.4 billion.
Nicasio Angelo Agustin, RDC Southern Mindanao vice-chair and regional director of the National Economic Development Authority (Neda) Southern Mindanao, said Friday these projects would comprise the Davao Region's Annual Investment Plan (AIP) for 2009.
"The endorsed projects were proposed by national government agencies (NGAs), state universities and colleges (SUCs), and government-owned and controlled corporations (GOCCs) in the region for funding by the national government and official development assistance," Agustin said.
"The project proposals aim to support the region's push for economic growth and thrust of the Super Region strategy for an Agribusiness Mindanao," Agustin said.
The projects are also expected to increase job creation, improve physical planning and sustainable management of the environment, improve infrastructure and logistics support, enforce social development and directly reducing poverty, and promote good governance. (With Press release)
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