Marcos, NEDA Board approve TPLEX extension READ MORE:
The National Economic and Development Authority Board on Friday approved the Tarlac-Pangasinan-La Union Expressway Extension Project.
The 59.4-kilometer, 4-lane extension highway will connect the Ilocos Region, Central Luzon, and Metro Manila. This is expected to stimulate economic activity, alleviate road congestion, provide better and safer road access, and promote the development of new growth centers in nearby regions. The NEDA Board, chaired by President Ferdinand Marcos Jr., also confirmed the “Investment Coordination Committee or ICC Guidelines for LGU PPP Projects,” which outlines the guidelines and procedures for processing PPP proposals of local government units or LGUs that require ICC action under the Philippine BOT law.
Recognizing the vital role of LGUs in driving economic growth, the guidelines provide a streamlined process for local governments to pursue PPP projects that require action by the ICC.
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