NEDA panel OKs cost increases in Mindanao railway, MM bridges

Manila, July 15 -- The National Economic and Development Authority Board's Investment Coordination Committee-Cabinet Committee (ICC-CabCom) on July 10, 2019 approved changes in two ongoing projects.

These include the increase in cost for the Mindanao Railway Project Phase 1-Tagum-Davao-Digos Segment (MRP-TDD), and the implementation extension of the Metro Manila Priority Bridges Seismic Improvement Project.

For the MRP-TDD, the project cost increase amounting to PHP82.9 billion-from its previously approved cost of PHP35.9 billion in 2017-will cover changes in cost of structural and construction works, among others.

In terms of scope, the ICC-CabCom also approved the additional Davao Satellite Depot of the MRP-TDD.

For the Metro Manila P...