The Investment Coordination Committee–Cabinet Committee (ICC-CC) has officially approved four major public investment projects aimed at improving connectivity, strengthening disaster resilience, and expanding economic opportunities for millions of Filipinos.
The meeting was co-chaired by Department of Finance (DOF) Secretary Frederick D. Go and Department of Economic Planning and Development (DEPDev) Secretary Arsenio M. Balisacan.
The four newly approved landmark projects are:
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LRT-1 South Extension Common Station: Aimed at enhancing public transportation connectivity and easing commuter transits.
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TESDA Boosting Employability in Strategic TVET Sectors (BEST) Project: Focused on expanding job opportunities and upgrading technical-vocational skills for Filipino workers.
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Philippine Geothermal Resource Derisking Facility (PGRDF): Designed to accelerate renewable energy exploration and strengthen energy security.
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Philippine Seismic Risk Reduction and Resilience Project (PSRRRP): Geared toward upgrading infrastructure safety and disaster preparedness against earthquake hazards. “These initiatives represent a critical step forward in building a more resilient, connected, and economically vibrant Philippines,” the committee noted.
Following the ICC-CC clearance, these projects will now be endorsed to the National Economic and Development Authority (NEDA) Board, chaired by President Ferdinand R. Marcos Jr., for final approval and implementation.
The high-level meeting was also attended by senior officials from the Office of the Executive Secretary (OES), the Department of Budget and Management (DBM), the Department of Energy (DOE), the Department of Trade and Industry (DTI), and the Technical Education and Skills Development Authority (TESDA).
