DA to rank infra projects for funding under the expanded PRDP
The Department of Agriculture (DA) will be using a prioritization scheme for pipelined infrastructure development proposals under the Philippine Rural Development Project (PRDP) to maximize the socio-economic impacts of the anticipated P7.90-billion additional financing from the World Bank.
The $170-million loan, targeted to be utilized in 2018, would be the first tranche of the $450-million additional financing that is being sought by the DA for the PRDP’s expansion.
With this supplementary assistance from the Bank, the Department aims to cover part of the pipelined subprojects that cost around P15.56 billion.
DA Undersecretary Ariel Cayanan said that the prioritization scheme will also help the DA rationalize the programming and budgeting process of the PRDP’s infrastructure development component, considering funding constraints.
“The pipelined subprojects—our healthy pipeline as we call it—have already complied with the requirements of the PRDP such as feasibility study, detailed engineering design, and social and environmental safeguards but as we are currently challenged by limited budget, the best way to approach this is to fund the best proposals based on a set of criteria,” Cayanan said.
“With this scheme in place, we stick to technical and socio-economic viability of subprojects, avoiding political intervention. We also also ensure the equitable distribution of our interventions,” he added.
The scheme likewise aims to incentivize good-performing local government units (LGUs) and diversify infrastructure subprojects as majority of the Project’s current infrastructure development portfolio are farm-to-market roads (FMRs).