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Dumaguete City, Philippines Tuesday, January 9, 2007
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P148.6M investment
plan for '07 ok'd
BY JUANCHO GALLARDE

The Provincial Development Council of Oriental Negros has approved P148,663,335 for the annual investment plan, the bulk of which will be allocated to infrastructure projects.

Gov. George Arnaiz said he considered this year's PDC annual meeting as "special" because it could be his last after announcing his intention to be a congressional candidate in the second district in the May elections.

Arnaiz stressed that, due to political unity, PDC meetings are not as chaotic as expected because all the local chief executives were consulted on their priority projects.

Minor complaints were raised on delayed implementation but in government, he said the bidding process can hardly be finished in one month.

The biggest single appropriation went to the continuation of the Oriental Negros Convention Center at P10 million and an additional P23 million. It also allotted P17.69 million payment for convention center loan and P9.1 million for the heavy equipment loan to the Development Bank of the Philippines. Other projects to be funded by the 20 percent development fund are road concreting, waterworks projects, drainage canals, public markets, investment promotions, tourism development, environment and natural resources, community development, social welfare, and economic services.*JG

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