MANILA, Feb. 27 -- The Department of Transportation (DOTr) and the provincial government of Albay signed an agreement to develop two seaports in Bacacay town.

The memorandum of agreement (MOA), signed on Tuesday by DOTr Undersecretary for Maritime Elmer Francisco Sarmiento and Albay Governor Edcel Greco Alexandre Lagman, stipulated a budget of PHP20 million each for the repair and rehabilitation of the ports of Cawayan and Pili.

"[The ports] facilitate trade and economic growth for the barangays and towns, and also the eco-tourism promotion of the province," Sarmiento said during the signing ceremony at Cawayan Port.

Lagman thanked the DOTr for the project and highlighted its benefits to the two villages.

"These will be used for fishi...