Department of Budget and Management (DBM) Secretary Rolando U. Toledo joined the Investment Coordination Committee-Cabinet Committee (ICC-CC) recently to review a strategic portfolio of infrastructure and security initiatives aimed at bolstering national development and public safety.
The meeting, held at the Department of Finance (DOF) headquarters, was co-chaired by Finance Secretary Frederick D. Go and Department of Economy, Planning, and Development (DEPDev) Secretary Arsenio M. Balisacan. The session focused on the rigorous evaluation of high-impact projects proposed by the Department of Transportation (DOTr) and the Public-Private Partnership (PPP) Center.
A central highlight of the deliberations was the review of an Official Development Assistance (ODA)-funded initiative between the DOTr and the Philippine Coast Guard. This project is designed to:
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Enhance maritime security and law enforcement capabilities.
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Improve public safety across Philippine territorial waters.
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Upgrade response protocols for maritime emergencies.
In addition to security measures, the Committee scrutinized several transport and infrastructure proposals aimed at modernizing the country’s transit networks and fostering economic growth through private sector collaboration.
The ICC-CC is now set to endorse these reviewed projects to the Economy and Development Council, chaired by President Ferdinand R. Marcos Jr., for final approval.
“Our participation in these reviews reflects the DBM’s commitment to ensuring that every peso invested in infrastructure is backed by sound planning and robust oversight,” said DBM Secretary Toledo. “By aligning our budgetary priorities with the nation’s strategic transport and security goals, we are ensuring more efficient public service delivery for all Filipinos.”
The meeting saw active participation from DBM Assistant Secretary Romeo Matthew T. Balanquit and various high-ranking officials from across the bureaucracy, signaling a unified front in advancing the administration’s investment agenda.
