Boracay rehabilitation to cost P25B: NEDA

Celis, Angela

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Date

January 8, 2019

Author

Celis, Angela

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ML20190108_A1

Excerpt

The Medium-Term Boracay Action Plan (BAP), which formally lays out the proposed programs for island's rehabilitation, has an estimated total investment requirement of P25.27 billion, according to the National Economic and Development Authority (NEDA). NEDA said in a statement yesterday the Boracay Inter-Agency Task Force recently adopted the BAP which is aimed at installing safeguards from ecological degradation and sustainable tourism activities in Boracay. The private sector will finance P15.89 billion or 62.9 percent of the total cost, NEDA said. Of the proposed investment requirement, 64 percent or P16.21 billion will be allotted for infrastructure.

Citation

Celis, A. (2019, January 8). Boracay rehabilitation to cost P25B: NEDA. Malaya Business Insight, pp. A1, A7.