The National Economic and Development Authority (NEDA) board chaired by President Benigno S. Aquino III approved on Tuesday several projects concerning education, health care and trade.
Among the projects approved by the NEDA board include the modernization of the Philippine Orthopedic Center worth P5.6 billion that will be implemented starting next year until 2015.
The board also approved the P3.9 billion Basic Education Assistance for Muslim Mindanao (BEAM-ARMM). The project will be implemented by the Aquino government starting this year until 2018.
Other projects approved conditionally by the NEDA board were the P8.9 billion Development Objective Agreement between the Republic of the Philippines and the United States of America on Family Health to be implemented starting this year until 2017.
The board also gave its nod to the P2.7 billion Additional Financing for the WB-based Second Land Administration and Management Project (LAMP-2). This project will be implemented in three years, starting this year until 2015.
The projects were approved on the condition that the breakdowns of the amount will be validated.
Aside from these projects, the NEDA board also approved the ASEAN Harmonized Tariff Nomenclature 2012, which is part of the efforts of ASEAN to harmonize tariff structures among member countries.
Likewise, the board approved the 9th Regular Foreign Investment Negative List, which is a regular review of the foreign investment negative list that will be valid in the next two years.