29 infrastructure projects incur P43.3b in additional cost—Neda report

Public infrastructure projects funded by foreign loans incurred P43.3 billion in additional costs as of December last year, because of various reasons ranging from excessive bids to changes in project scope.

Ten projects with costs overruns amounting to P14.5 billion have been completed, leaving only 19 unfinished projects.

Roderick Planta, director of the National Economic and Development Authority’s Project Monitoring Staff, said among ongoing projects, cost overruns were incurred by 19 projects, including the NorthRail project and NorthRail-SouthRail Linkage project.

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