The National Economic and Development Authority (Neda) Board led by President Ferdinand R. Marcos Jr. has approved the P23.4-billion Tarlac-Pangasinan-La Union Expressway or TPLEX Extension Project during its meeting on Friday.
THE National Economic and Development Authority Board led by President Ferdinand R. Marcos Jr. has approved the P23.4-billion Tarlac-Pangasinan-La Union Expressway or TPLEX Extension Project during its meeting on Friday.
“The TPLEX Extension Project will be implemented through a Public-Private Partnership or PPP under the Department of Public Works and Highways,” the Neda chief said.Balisacan said the project will cover a 59.4-kilometer four-lane expressway highway, connecting the Ilocos Region to Central Luzon and Metro Manila.
Balisacan noted that out of the 194 infrastructure flagship projects of the Marcos administration, which have a total estimated cost of P8.3 trillion, 68 are currently ongoing; 25 have been approved for implementation. “These high-impact infrastructure projects are designed to address the nation’s infrastructure deficit to revive driving sustainable economic growth across priority sectors of our economy,” Balisacan said.Aside from updates on the infrastructure projects, the NEDA Board also confirmed the Investment Coordination Committee guidelines for local government unit PPP projects.
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