The Investment Coordination Committee–Cabinet Committee (ICC-CC) convened on April 24 to deliberate on priority project proposals submitted by various government implementing agencies, reaffirming its role in ensuring the strategic alignment and viability of major public investments.
During the meeting, the Committee approved a project variation jointly proposed by the Department of Transportation (DOTr) and the Public-Private Partnership Center (PPPC). The proposal will be elevated to the Economy and Development (ED) Council, chaired by Ferdinand R. Marcos Jr., for final approval prior to implementation.
The ICC-CC also discussed an Official Development Assistance (ODA)-funded initiative of the DOTr in partnership with the Philippine Coast Guard (PCG), underscoring the government’s continued commitment to strengthening maritime safety and infrastructure.
The meeting was chaired by Department of Finance (DOF) Secretary Frederick D. Go and co-chaired by Department of Economy, Planning, and Development (DEPDev) Secretary Arsenio M. Balisacan.
Also in attendance were key officials from various agencies, including DOF Undersecretary Joven Z. Balbosa and OIC-Assistant Secretary Carlyn A. Diaz; DEPDev Undersecretary Joseph J. Capuno and Assistant Secretary Roderick M. Planta; Department of Budget and Management (DBM) Acting Secretary Rolando U. Toledo and Assistant Secretary Romeo Matthew T. Balanquit; DOTr Undersecretaries Timothy John R. Batan and Teodorico Jose R. Delfin; Office of the President–Office of the Executive Secretary (OP-OES) representative Erwin D. Sta. Ana; Bangko Sentral ng Pilipinas–International Monetary Affairs and Surveillance Sub-Sector (BSP-IMASS) Managing Director Thomas Benjamin B. Marcelo; PPPC Executive Director Rizza Blanco-Latorre; and PCG Commandant Admiral Ronnie Gil L. Gavan, among others.
The ICC plays a critical role in evaluating the country’s major capital programs and projects, ensuring that these initiatives meet standards of economic viability, fiscal responsibility, and alignment with national development goals.
