President Marcos approves extension of construction of flood projects

The  extension for the construction period and other adjustments for the Cavite Industrial Area-Flood Risk Management Project and the Pasig-Marikina Rivel Channel Improvement Project-Phase IV have been approved by President Marcos.

According to the National Economic Development Authority (NEDA) board, chaired by President Marcos  himself., the approval for the adjustment was made during a meeting in Malacanang last week.

“I think maybe the detailed engineering had to compensate for weather changes. And then the housing, wala ‘yung housing sa original estimate (housing is not included in the original estimate),” Marcos was quoted as saying by the Presidential Communications Office..

“The cost will be increased. At least the local component will be increased from the original. That’s the only thing that sticks out in the financial analysis. But it’s still within the guidelines,” he added.

The implementation period for the Cavite Industrial Area-Flood Risk Management Project was originally set from October 2019 to April 2024, but the board approved a 65-month extension, extending it to September 2029.

It is targeted to mitigate flood damage in the lower reach of San Juan River Basin and its adjacent Maalimango Creek Drainage Area in Cavite.

The extension has increased the project budget from P9.9 billion to P22 billion.

Another adjustment was a loan reallocation of JPY 1,042.00 million, moving JPY 384.00 million from consulting services and the rest from contingencies.

Moreover, there will also be changes in the scope of works—widening of diversion channels and additional drainage channels, among others.

The Neda board said that as of September 30 this year, the project has an overall physical accomplishment of 44.21 percent, with a negative slippage of 55.79 percent.

It also has a fund utilization rate of 35.42 percent, or P3.5 billion Meanwhile, the other project—Pasig-Marikina River Channel Improvement Project-Phase IV—is aimed at lessening the flood damage in Metro Manila caused by channel overflow of the Pasig-Marikina River.

It will particularly benefit residents in Pasig, Marikina, and Quezon City in Metro Manila, as well as those in the municipalities of Taytay and Cainta in Rizal.

The NEDA Board approved a budget increase from P33 billion to P57.6 billion.

The project was also granted a 63-month extension, from December 2025 to March 2031.

Furthermore, a loan reallocation totaling JPY3,373.00 million from consulting services (JPY1,728.00 million) and contingencies (JPY1,645.00 million) to the civil works component was also approved, which includes a supplemental loan of JPY45,759.00 million.