P8-B investment plan in CV gets approval

IT`SUMMER, IT`S FUN! To beat the blistering summer heat, children make a plunge in a seaside resort in Talisay to feel the coolness of the sea and enjoy the fun as summer begins. Cebu Gold Star Daily photo by Sammy Yncierto
IT`SUMMER, IT`S FUN! To beat the blistering summer heat, children make a plunge in a seaside resort in Talisay to feel the coolness of the sea and enjoy the fun as summer begins. Cebu Gold Star Daily photo by Sammy Yncierto

By CHRISTIAN WAKEFIELD, Reporter

THE Regional Development Council (RDC) 7 has recently approved the nearly P8 billion worth of socio-economic and infrastructure projects in Central Visayas under the 2010 Annual Investment Plan (AIP)
Construction of various bridges, farm-to-market roads, and rehabilitation and upgrading of hospitals and schools around the region have been prioritized based on the Annual Investment Plan, a component of the 2005-2010 Central Visayas Regional Development Investment Program.

The RDC 7 endorsed these projects to the national government in their (AIP), which the council approved in their first quarter meeting in Siquijor.

The AIP includes the proposed rehabilitation of the old Mandaue Mactan bridge at P100 million and the proposed Land Development of the Cebu South Road worth P110 million.

Of the close to P8 billion worth of projects identified in the AIP, at least P2.6 billion will benefit Cebu province while another P1.15 billion is for Cebu City.

Lapu-Lapu City receives P100 million for the construction of drainage facilities on both sides of the Mactan Circumferential Road.

The AIP will provide the framework for the development and promotion of the region as a premier tourism destination.

Its aim is to formulate an integrated sustainable tourism management plan for Central Philippines.

The STMP will identify environmental, infrastructure and community-based projects that will link and integrate the tourism development of the area.

“The sectoral committees, upon review of the Annual Investment Program for 2010, found it to be in order and consistent with the development thrusts of the region in general and of the sectors in particular,” said Marlene Rodriguez, National Economic Development Authority director and vice chairperson of RDC.

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