BusinessMirror
  • News
    • News
    • Top News
    • Regions
    • Nation
    • World
    • Asia Today
  • Business
    • Business
    • Agri-Commodities
    • Asean Economic Community
    • Banking & Finance
    • Companies
    • Economy
    • Entrepreneur
    • Executive Views
    • Export Unlimited
    • Harvard Management Update
    • Monday Morning
    • Mutual Funds
    • Stock Market Outlook
    • The Integrity Initiative
  • Sports
  • Opinion
    • Opinion
    • Columns
    • Editorial
    • Editorial cartoon
  • Life
    • Life
    • Art
    • Design&Space
    • Digital Life
    • Journey
    • Motoring
    • 360° Review
    • Property
    • Show
    • Tech
    • Tourism
    • Y2Z
  • Features
    • Biodiversity
    • Education
    • Envoys & Expats
    • Explainer
    • Faith
    • Green
    • Health & Fitness
    • Mission: PHL
    • Our Time
    • Perspective
    • Photo Gallery
    • Science
    • Today in History
    • Tony&Nick
    • When I Was 25
    • Wine & Dine
  • BMPlus
    • BMPlus
    • SoundStrip
    • Live & In Quarantine
    • Bulletin Board
    • Marketing
    • Public Service
    • CSR
  • The Broader Look
BusinessMirror
  • News
    • News
    • Top News
    • Regions
    • Nation
    • World
    • Asia Today
  • Business
    • Business
    • Agri-Commodities
    • Asean Economic Community
    • Banking & Finance
    • Companies
    • Economy
    • Entrepreneur
    • Executive Views
    • Export Unlimited
    • Harvard Management Update
    • Monday Morning
    • Mutual Funds
    • Stock Market Outlook
    • The Integrity Initiative
  • Sports
  • Opinion
    • Opinion
    • Columns
    • Editorial
    • Editorial cartoon
  • Life
    • Life
    • Art
    • Design&Space
    • Digital Life
    • Journey
    • Motoring
    • 360° Review
    • Property
    • Show
    • Tech
    • Tourism
    • Y2Z
  • Features
    • Biodiversity
    • Education
    • Envoys & Expats
    • Explainer
    • Faith
    • Green
    • Health & Fitness
    • Mission: PHL
    • Our Time
    • Perspective
    • Photo Gallery
    • Science
    • Today in History
    • Tony&Nick
    • When I Was 25
    • Wine & Dine
  • BMPlus
    • BMPlus
    • SoundStrip
    • Live & In Quarantine
    • Bulletin Board
    • Marketing
    • Public Service
    • CSR
  • The Broader Look
  • BM Reports
  • Top News

New administration to review P3-trillion infrastructure plan

  • Cai U. Ordinario
  • June 27, 2016
  • 5 views
  • 2 minute read
Total
0
Shares

The fate of the three-year rolling infrastructure plan (TRIP) hangs in the balance, as the Duterte administration is keen on reviewing the plan before it is implemented.

The National Economic and Development Authority (Neda) said the TRIP is the modified version of the Comprehensive and Integrated Infrastructure Program (CIIP). The CIIP is a consolidated list of all infrastructure programs of the government.

The Neda initially estimated the government will require at least P3 trillion between 2017 and 2019 to finance ongoing and new infrastructure projects. The TRIP’s 2017 budget has already been included in the proposed national budget.

“We will review the three-year rolling infrastructure plan, [as] the 2016 budget is still [President] Aquino’s budget. The Duterte administration cannot fund projects that are not authorized by Congress in the 2016 budget.

“That would violate the Supreme Court’s decision on the Disbursement Acceleration Program,” incoming Budget Secretary Benjamin E. Diokno told the BusinessMirror.

Neda Deputy Director General for Programming Rolando G. Tungpalan said the agency has yet to present the TRIP to President-elect Duterte and incoming Economic Planning Secretary Ernesto M. Pernia.  Neda officials said the TRIP will be finalized toward the end of July in time for President-elect Duterte’s first State of the Nation Address.

In May documents obtained by the BusinessMirror showed that infrastructure spending under the TRIP could reach P1.15 trillion in 2017. The largest amount of projects submitted came from the Department of Public Works and Highways, which proposed P449.75 billion for fiscal year 2017.

Other government agencies that submitted the most projects were the Department of Education with P150.57 billion and government-owned and -controlled corporations (GOCCs) with P113.03 billion.

The list of GOCCs that submitted projects for funding under the TRIP included the National Irrigation Administration, Local Water Utilities Administration, Philippine National Railways and the Light Rail Transit Authority, among
others.  The list of outcomes from the 2017 to 2019 TRIP include transportation facilities, such as roads and railways; water projects, such as irrigation and water supply; energy projects; and social infrastructure, such as classrooms and health facilities.

Under transport, the TRIP aims to finance 10,699.53 kilometers of new national roads to help ease congestion and improve connectivity and mobility issues. It will also fund the rehabilitation and improvement of 15,130.19 km of national and local roads.

0
0
0
0
0
0
0
0
Cai U. Ordinario

Cai U. Ordinario writes macroeconomic and urban development stories. She has received awards for excellence in reporting on the macroeconomy and statistics. Ordinario is also a Jefferson Fellow of the East West Center in Honolulu, Hawaii. She completed her Masters degree in Communication at the University of the Philippines and Bachelor of Arts Major in Journalism from the University of Santo Tomas.

Previous Article
  • BM Reports
  • Top News

Brexit shock may have silver lining for Asian investors

  • Bloomberg News
  • June 27, 2016
Know more
Next Article
  • BM Reports

Air pollution seen costing trillions, IEA says

  • Bloomberg News
  • June 27, 2016
Know more

Know more

Know more
  • 40
  • 3 min
  • Top News

P66.8-B budget surplus in April highest in 4 years

  • Jasper Y. Arcalas
  • May 30, 2023
Know more
  • 39
  • 2 min
  • Top News

M.A.P. Flags malnutrition’s threat to digital-age labor

  • Andrea E. San Juan
  • May 30, 2023
Know more
  • 38
  • 2 min
  • Top News

Think tank flags PHL risks despite good Q1 growth

  • Andrea E. San Juan
  • May 30, 2023
Know more
  • 41
  • 2 min
  • Top News

BSP sees inflation within target range by September

  • Jasper Y. Arcalas
  • May 30, 2023
Know more
  • 44
  • 2 min
  • Top News

After 20 yrs, can reform billon immigration finally pass?

  • Jovee Marie de la Cruz
  • May 30, 2023
Know more
  • 38
  • 3 min
  • Top News

Senate minority mounts bid to stop Maharlika vote

  • Butch Fernandez
  • May 30, 2023
Sen. Christopher Lawrence “Bong” Go
Know more
  • 36
  • 2 min
  • Top News

Senate OKs Regional Specialty Ctrs bill

  • Butch Fernandez
  • May 30, 2023
Know more
  • 36
  • 2 min
  • Top News

Senators OK estate tax amnesty extension

  • Butch Fernandez
  • May 30, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Subscribe

BusinessMirror
  • About Us
  • Contact Us
  • Advertise with us
  • Privacy Policy
  • Cookie Policy
  • Podcast
  • Text-Only Homepage

Input your search keywords and press Enter.