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REPUBLIC ACT NO. 6142

REPUBLIC ACT NO. 6142  - AN ACT AMENDING CERTAIN PROVISIONS OF REPUBLIC ACT NUMBERED FOUR THOUSAND EIGHT HUNDRED SIXTY
 


Section 1.    Section one of Republic Act Numbered Four thousand eight hundred sixty is hereby amended to read as follows:

"Section 1.    The President of the Philippines is hereby authorized, in behalf of the Republic of the Philippines, to contract such loans, credits or indebtedness as may be necessary and upon such terms as may be agreed upon, not inconsistent with this Act, with governments of foreign countries with whom the Philippines has diplomatic or trade relations or which are members of the United Nations, their agencies, instrumentalities or financial institutions or with reputable international organizations to enable the Government of the Republic of the Philippines to:

"(a)    Undertake, through any government office, agency or instrumentality, industrial, agricultural or other economic development projects, which are authorized by law and as are enumerated in Annex "A", including Lists 1, 2, 3 and 4 hereof, which are all made integral parts of this Act: provided, that at least seventy-five per cent of the face value of the loans, credits or indebtedness obtained under this paragraph shall be spent for projects which are revenue-producing. Such foreign loans, credits or indebtedness shall be used to meet the direct and indirect foreign exchange requirements and up to twenty per centum of the peso costs to cover the costs of equipment, machineries, and supplies, construction, installation and related technical service of any such project; except that in long-term loans for projects on low-cost housing, urban renewal, and new-town development, the limitation to twenty per centum of the peso costs shall not apply: provided, however, that said twenty per centum of the peso costs shall not be utilized for the importation or purchase abroad of any equipment, machinery or supply if the same is obtainable in the Philippines: provided, finally, that whenever necessary, part of the proceeds of such loans, credits or indebtedness shall be used for environmental management and control;

"(b)    Lend the proceeds of such loans, credits or indebtedness to government-owned or controlled corporations to finance development projects which are authorized by law and as are enumerated in Annex "A" hereof: provided, that the proceeds of said loans, credits or indebtedness shall, likewise, be used to meet the direct and indirect foreign exchange requirements and up to twenty per centum of the peso costs to cover the costs of equipment, machineries, supplies, construction, installation and related technical services of such projects;

"(c)    Lend the proceeds of such loans, credits or indebtedness to the Development Bank of the Philippines which shall administer said proceeds in accordance with the agreement with the foreign creditor for relending to cooperatives, private corporations or associations, whose capital stock, if not fully subscribed, is open to subscription by the general public to meet the direct and indirect foreign exchange requirements as well as up to twenty per centum of the peso costs for such industrial, agricultural and other economic development projects, subject to the provisions of the charter, rules and regulations of said bank and to the terms and conditions agreed upon by the government and the institution providing financing for the projects: provided, that the Development Bank of the Philippines shall pay the Republic of the Philippines, at least for the principal, interest and other charges on such loans, credits or indebtedness turned over to it: provided, further, that

1.    Sixty per centum of the total proceeds for relending shall be for industrial projects which are approved by and registered with the Board of Investment under the Investment Incentives Act or the Export Incentives Act;

2.    Forty per centum of the total proceeds for relending must be allocated to agricultural projects which are recommended by the Department of Agriculture and Natural Resources and approved by the National Economic Council and which satisfy any or all of the following criteria:

a)    New and/or export oriented;

b)    Import-substitute-oriented;

c)    Necessary to increase agricultural production; or

d)    Necessary to improve the quality and marketability of agricultural products.

“he proceeds of the loans, credits of indebtedness under this paragraph shall not be re-loaned to any cooperative, private corporation or association, the account of which with the Development Bank of the Philippines or with any government financial institution, is in arrears for three or more installments for causes other than force majeure or those beyond its control, nor shall said proceeds or portions thereof be used for any purpose other than that for which the loan, credit or indebtedness has been granted. The failure of any debtor to meet three amortization payments of its loan when due, for causes other than force majeure or those beyond its control, will render the entire obligation or any balance thereof due and demandable, and the debtor shall pay a special penalty of two per centum of the total amount due.

“he authority of the President of the Philippines, as hereby provided, shall include the power to issue, for the purposes stated, bonds, debentures, securities or other evidences of indebtedness for sale in the international markets the income from which shall be fully tax exempt in the Philippines."

Sec. 2.    Section two of the same Act is hereby amended to read as follows:

"Sec. 2.    The total amount of loans, credits or indebtedness excluding interest and other normal banking charges which shall not be excess of those imposed or charged by the International Bank for Reconstruction and Development, the Asian Development Bank or other official international financial institutions, which the President is authorized to incur under Section one of this Act shall net exceed one billion United States dollars or its equivalent in other foreign currencies at the exchange rate prevailing at the time the loans, credits or indebtedness are incurred at terms of payment of not less than ten years: provided, the seventy-five per centum of such total authorized amount shall be incurred for projects of the public sector contemplated under paragraphs "A" and "B" of Section one and enumerated in Annex "A" (including Lists 1, 2, 3 and 4), and twenty-five per centum thereof shall be utilized for projects of the private sector contemplated under paragraph "C" of Section one: provided, that no single cooperative, private corporation or association shall be allowed to borrow more than fifteen per centum of the total proceeds of such loans, credits, indebtedness accruing to the Development Bank of the Philippines. The total of such loans, credits, or indebtedness availed of in any fiscal year shall not exceed two hundred fifty million United States dollars or its equivalent in other currencies: provided, that all such loans, credits or indebtedness under paragraphs "A" and "B" of the preceding section shall be incurred only after the plans for such projects shall have been prepared by the offices, agencies or instrumentalities concerned, utilizing so far as practicable their technical services or the services of qualified domestic firms for such projects, recommended by the National Economic Council and the Monetary Board of the Central Bank of the Philippines and approved by the President of the Philippines: provided, further, that the total foreign exchange requirements in any fiscal year subsequent to the approval of this Act for the servicing of the total external debt, public and private, including those for the loans, credits or indebtedness and other obligations that may be incurred under this Act in the fiscal year subsequent to the approval of this Act shall not exceed twenty per centum of the average of the foreign exchange receipts of the immediately preceding three years, as certified by the Central Bank: provided, still further, that the existing debt service ratios in excess of this ceiling shall not be considered violative of this Act: provided, furthermore, that such ratios shall not be increased beyond their existing levels: provided, finally, that contracts for loans, credits or indebtedness under paragraphs "A" and "B" of Section one shall not be entered into unless the Commissioner of the Budget certifies (1) that for the fiscal year in question, funds are appropriated and programmed to meet the servicing of the external debt of the public sector, including the loan, credit or indebtedness proposed to be contracted, and (2) that the counterpart peso funding requirements of the projects for which such loans, credits or indebtedness are being contracted, have been programmed and shall be available as and when needed for the completion of the said project."  

Sec. 3.    Section three of the same Act is hereby amended to read as follows:

"Sec. 3.    The President of the Philippines is further authorized, in behalf of the Republic of the Philippines, to guarantee such loans, credits or indebtedness as may be necessary and upon such terms and conditions, not inconsistent with this Act, as may be agreed upon with the governments of foreign countries with which the Philippines has diplomatic or trade relations or which are members of the United Nations, their agencies, instrumentalities or financial institutions or with reputable non-governmental national or international institutions, loans, credits or indebtedness extended directly to, or bonds, debentures, securities or other evidences of indebtedness for sale in international markets issued by:

"(a)    Corporations owned or controlled by the government of the Philippines: provided, that the proceeds of such loans, credits or indebtedness or the proceeds of bonds, debentures, securities or other evidences of indebtedness floated or issued, shall be used to undertake industrial, agricultural, or other economic development projects which are authorized by law and/or by their respective charters and which are in accordance with the list of such projects as are enumerated in Annex "A" (including Lists 1, 2, 3, and 4).

"(b)    Government-owned or controlled financial institutions for relending to single cooperatives or private corporations or associations, whose capital stocks, if not fully subscribed, is open to subscription by the general public for projects authorized by the charters of such financial institutions or by law, subject to the same terms, conditions and criteria prescribed in paragraph "C" of Section one of this Act.

Seventy-five per centum of the total amount authorized to be guaranteed under this section shall be incurred for projects under paragraph "B" hereof; and that of the total amount of guarantees no single cooperative, private corporation or association except development finance corporations using funds supplied by International Bank for Reconstruction and Development, the Asian Development and other similar international financial institutions shall be allowed to borrow more than fifteen per centum of the total amount of loans, credits or indebtedness guaranteed hereunder: provided, further, that the total foreign exchange requirement for servicing the loans, credits or indebtedness guaranteed under this Act shall be included in the certification required of the Central Bank under Section two hereof.

“he total amount of loans, credits or indebtedness incurred, and the proceeds of bonds, securities or other evidences of indebtedness floated or issued, which may be guaranteed by the President under this section shall not be more than five hundred million United States dollars or its equivalent in other foreign currencies at the exchange rate prevailing at the time the guarantee is made excluding interest and other normal banking charges imposed or charged by the International Bank for Reconstruction and Development or other similar international financial institutions: provided, that whenever necessary part of the proceeds of such loans, credits, or indebtedness shall be used for environmental management control: provided, further, that no portion of the proceeds of such loans, credits or indebtedness or of bonds, debentures, securities or other evidences of indebtedness sold in international markets, shall be channelled to, or utilized by or for subsidiaries of such financial institutions, which have not been created by an Act of Congress: provided, finally, that all loans made shall, within three days after the same have been approved pending final confirmation by the governing board of the financial institution concerned, be published in two newspapers of general circulation in the Philippines, indicating therein among others, the name and address of the borrower, including the names and addresses of the officers and members of the cooperative, corporation or association, the amount of loan, credit or indebtedness contracted and the project to be financed."

Sec. 4.    A new section to be known as Section three-A is hereby inserted into the same Act to read as follows:

"Sec. 3-A.    Only cooperatives organized under existing laws, private corporations or associations organized under the laws of the Philippines, at least seventy per centum of the outstanding and paid-up capital of which is owned and held by citizens of the Philippines, such proportion to be maintained until such time as the loan is fully paid and whose capital structure is open to public participation are qualified to borrow from government financial institutions the proceeds of loans, credits or indebtedness incurred under authority of this Act.

"Failure of the private borrower to maintain the capital ownership requirement stipulated herein, throughout the period that any part of a loan remains outstanding, shall render the entire loan immediately due and demandable, together with all interest and penalties, plus an additional special penalty of two per centum of the total amount due for every month or fraction thereof that the violation of the capital ownership requirement continues to subsist."

Sec. 5.    A new section to be known as Section four-A is hereby inserted into the same Act to read as follows:

"Sec. 4-A.    In the contracting of any loan, credit or indebtedness under this Act, the President of the Philippines may, when necessary, agree to modify the application of any law granting preferences or imposing restrictions on international competitive bidding, including, among others, Act Numbered Four thousand two hundred thirty-nine, Commonwealth Act Numbered One hundred thirty-eight, the provisions of Commonwealth Act Numbered Five hundred forty-one, insofar as such provisions do not pertain to constructions primarily for national defense purposes, Republic Act Numbered Nine hundred twelve, and Republic Act Numbered Five thousand one hundred eighty-three: provided, however, that any privilege granted to any foreign bidder shall, likewise, be granted to the domestic bidder in order to put them on equal terms with foreign bidders: provided, further, that in case where international competitive bidding shall be conducted, preference shall be granted in favor of articles, materials, equipment or supplies of the growth, production of the Philippines, or manufactured in the Philippines substantially from articles, materials, or supplies of the growth, production or manufacture of the Philippines when offered by bidders who are citizens of the Philippines or corporations, partnership, associations or firms duly organized and registered under the laws of the Philippines at least sixty per centum of the capital of which is owned and held by citizens of the Philippines: provided, however, that in no case shall the President of the Philippines reduce the minimum preference below fifteen per centum: provided, further, that in comparing the bids: (a) customs duties and any other taxes otherwise due on, or in respect of, imported articles, materials, equipment or supplies and any national and local sales taxes thereon due on the sale to the buyer shall, if included in the bid price of a bidder not entitled to preference under provided for in this section; (b) customs duties due on the imported component of the articles, materials, equipment or supplies and the national and local taxes due on the sale to the buyer of articles, materials, equipment or supplies shall, if included in the bid price of a bidder entitled to preference under this section, be deducted therefrom."

Sec. 6.    Section five of the same Act is hereby amended to read follows:

"Sec. 5.    It shall be the duty of the President, within thirty days after the opening of every regular session, to submit a separate report to Congress on the amount of loans, credits and indebtedness contracted and in the process of negotiation and of the bonds, debentures, securities, or other evidences of indebtedness sold in international markets and proposed to be sold, as well as the guarantees extended, their respective terms and conditions, and the purposes and projects for which the loans, credits or indebtedness were incurred and for which the bonds, debentures, securities or other evidences of indebtedness were floated, and the guarantees extended, as well as of such loans which may be reloaned or which may be reloaned or have been reloaned to cooperatives or to Filipino-owned or controlled or private corporations or associations, and similar purposes as authorized in this Act." 

Sec. 7.    Section six of the same Act is hereby amended to read as follows:

"Sec. 6.    Any provision of law to the contrary notwithstanding, and in order to enable the Republic of the Philippines to pay the principal, interest, taxes and other normal banking charges on the loans, credits or indebtedness, or on the bonds, debentures, securities or other evidences of indebtedness sold in international markets under the authority of this Act, all the revenue realized from the projects financed by such loans, credits or indebtedness, or on the bonds, debentures, securities or other evidences of indebtedness, shall be turned over in full, after deducting actual and necessary expenses for the operation and maintenance of said projects, to the National Treasury by the government office, agency or instrumentality, or government-owned or controlled corporation concerned, which is hereby appropriated for the purpose as and when they shall become due.n case the revenue realized is insufficient to cover the principal, interest and other charges, such portion of the budgetary savings as may be necessary to cover the balance of deficiency shall be set aside exclusively for the purpose by the government office, agency or instrumentality, or government-owned or controlled corporation concerned: provided, that, if there still remains a deficiency, the Congress shall appropriate the necessary amount out of any funds in the National Treasury not otherwise appropriated, to cover the payment of the principal and interest on such loans, credits or indebtedness as and when they shall become due: provided, further, that the Monetary Board shall make provisions out of current foreign exchange receipts for the foreign exchange requirements to service the external debt."

Sec. 8.    Anew section to be known as Section six-A is hereby inserted into the same Act to read as follows:

"Sec. 6-A.    A special joint committee composed of three Members of the Senate and three Members of the House of Representatives, to be appointed by their respective presiding officers, is hereby constituted to look into the foreign loans contracted or proposed to be contracted under this Act, as well as the economic development projects financed or to be financed by the proceeds of loans, credits or indebtedness contracted or proposed to be contracted or of bonds, debentures, securities or other evidences of indebtedness floated or issued or proposed to be floated or issued under this Act. The committee shall submit to Congress, through the presiding officers of both Houses, and within sixty days after the opening of every regular session of Congress, a special report which shall contain, among others, the amount of loans, credits or indebtedness contracted, the bonds, debentures, securities and other evidences of indebtedness floated or issued, or proposed to be floated or issued, the guarantees extended or to be extended under this Act, the projects for which the loans, credits or indebtedness were incurred, or proposed to be incurred, the bonds, debentures, securities or other evidences of indebtedness floated or issued, or proposed to be floated or issued, the guarantees extended, or proposed to be extended, including those reloaned or proposed to be reloaned to the private sector, and their impact upon the economy as a whole.

“he committee may call upon any official or employee of any government office, agency, instrumentality or any government-owned or controlled corporation, or any branch or political subdivision thereof, involved in the implementation of this Act, to render such reports, service or assistance and to supply such studies, statistics and data in the aggregate as may be necessary to enable said committee to perform its functions under this Act. Provisions of any law to the contrary notwithstanding, no such officer or employee may refuse to divulge the information requested or required by the special joint committee."

Sec. 9.    A new section to be known as Section six-B is hereby inserted into the same Act to read as follows:

"Sec. 6-B.    The violation of any provision of this Act shall be punished by imprisonment for not less than one year nor more than five years, or by a fine of not less than five thousand pesos nor more than twenty thousand pesos, or both, in the discretion of the court: provided, that if the offender is public officer or employee, he shall, in addition to such imprisonment and/or fine, suffer perpetual disqualification to hold any elective or appointive public office."

SECTION 10.    This Act shall take effect upon it approval.

Approved: November 9, 1970

ANNEX "A"

    Projects    Estimated Funding Requirements
        Domestic    Foreign
        (In Million P)    (In Million US $)

I.    POWER

A.    Expansion of Luzon Grid:

    1.    Bataan Thermal Plant No. 2    23.3    15.0
    2.    Ilocos Electrification    3.2    1.4
    3.    Laguna-Batangas Electrification Phase II    3.4    0.5
    4.    Angat-Caliraya Tie Line    12.7    2.3
    5.    Southern Luzon Electrification Project, Stage I    17.8    2.4
    6.    Zambales Electrification    2.4    0.4
    7.    Bicol Thermal Plant     23.3    15.0

    Total Luzon Grid     86.1    37.0

B.    Installation of Visayas Grid:

    1.    Negros Electrification    23.4    15.0
    2.    Cebu Electrification    23.2    15.0
    3.    Cebu Thermal Plant No. and Power Grid    23.2    15.0
    4.    Eastern Leyte Thermal Plant       15.0        5.0

    Total Visayas Grid    84.9    50.0

C.    Expansion of Mindanao Grid:

    1.    Agus Hydroelectric Plant Unit No. 1    95.2    13.0
    2.    Mindanao Electrification Project Stage 1    92.7    12.0

    Total Mindanao Grid    187.9    25.0

D.    Rural Electrification    400.0    100.0

    TOTAL FOR POWER    758.9    212.0

II.    WATER RESOURCES DEVELOPMENT

A.    Irrigation

    1.    Magat Multi-purpose Project, Isabela & Ifugao    168.6    32.2
    2.    Groundwater Development Project    75.0    12.5
    3.    Balog-balog Irrigation Project, Tarlac    62.7    20.0
    4.    Pump Irrigation Program    49.2    7.0
    5.    Bicol River Control and Irrigation Project    30.0    10.0
    6.    Albay Third District River Control and Irrigation Projects    20.0    10.0
    7.    Bito Irrigation Project, Leyte    3.0    1.5
    8.    Villaba-Matagod Irrigation Project, Leyte         3.0        1.5

    Sub-Total    411.5    94.8

B.    Water Supply and Seweragea

    1.    Manila and Suburbs
    Waterworks, First Phase of
    the Second stage long- range
    improvement program    257.9    36.4
    2.    Sanitary Sewerage Project
    for the Manila Metropolitan
    Area    137.6    22.4
    3.    Cebu City and Suburban
    Cities and Municipalities
    Waterworks    100.0    25.0
    4.    Leyte, First and Second
    Districts    4.0    2.5
    5.    Leyte, Third District      4.0       2.5

    Sub-Total    503.5    88.8

C.    Flood Control and Sewerage

    1.    Manila and Suburbs Flood Control and Drainage Project    137.0    23.0

TOTAL FOR WATER RESOURCES DEVELOPMENT    1,052.0    206.6

III.    TRANSPORTATION

A.    Highways

    1.    Improvement of Digos-Cotabato Road    17.6    4.6
    2.    Improvement of major truck roads in Luzon (see attached List 1)    163.416    17.903
    3.    Improvement of major highway networks in Luzon     (see attached List 2)    164.431    19.726
    4.    Improvement of major trucks     roads in Mindanao and the Visayas (see attached List 3)    131.187    23.642
    5.    Improvement of major highways networks in Mindanao and the Visayas (see attached List 4)    310.306    42.657
    6.    Bangkal-Mao-Buhangin Airport Pasakan    33.0    0.42
    7.    Manila South Road    56.629    6.781

    Sub-Total    876.569     115.729

B.    Railroads

    1.    Modernization and Improvement of the Philippine National Railway 69.8    22.7

C.    Airports and Air Navigation Facilities

    1.    Improvement of 22 National Airports as follows:

a.    Mactan airport    9.5    1.2
b.    Zamboanga airport    5.2    0.8
c.    Davao airport    6.6    0.8
d.    Cagayan de Oro airport    4.6    0.8
e.    Bacolod airport    8.0    0.8
f.    Iloilo airport    7.5    0.8
i.    Laoag airport    6.6    0.7
j.    San Fernando (L.U.) airport    5.0    0.6
k.    Buayan airport    7.4    1.0
l.    Bancasi airport    9.2    1.0
m.    Roxas airport    9.4    1.0
n.    Legazpi airport    5.1    0.7
o.    Dumaguete airport    6.1    0.8
p.    Puerto Princesa airport    5.3    0.8
q.    Daet airport    5.1    0.7
r.    Sorsogon airport    5.1    0.7
s.    Masbate airport    5.1    0.7
t.    Bagabag airport    5.0    0.7
u.    Ormoc airport    3.0    1.5
v.    Villaba airport    4.0    2.5

    2.    Air navigation facilities      5.0    12.0

    Sub-Total    140.8    32.2

D.    PORTS

    1.    Batangas      4.7    1.2
    2.    Tabaco    1.8    0.5
    3.    Cagayan de Oro    4.6    1.3
    4.    Davao    2.8    0.8
    5.    General Santos    4.2    1.2
    6.    Iligan    0.9    0.3
    7.    Manila    2.7    0.8
    8.    San Fernando (L.U.)    1.5    0.5
    9.    Butuan    2.2    0.6
    10.    Cotabato    9.4    2.2
    11.    Zamboanga    0.9    0.2
    12.    Calbayog    0.3    0.1
    13.    Cebu (including Mactan & Mandawe City)    4.6    1.3
    14.    Tacloban    1.4    0.4
    15.    Dumaguete    1.2    0.6
    16.    Legazpi    3.6    1.0
    17.    Pantao (including Cagmanaba and Malacbalac)    4.0    0.8
    18.    Palompon    3.0    1.5
    19.    Naval    4.0    2.5

    SUB-TOTAL    57.8    17.8

TOTAL FOR TRANSPORTATION    1,144.969    188.429

IV.    COMMUNICATIONS

A.    Nationwide telecommunications
    expansion and improvement,
    second phase    46.5    31.9

B.    Mindanao telecommunications
    development project    20.4    17.0

TOTAL FOR COMMUNICATIONS    66.9    48.9

V.    AGRICULTURE

A.    Beef Cattle Development Program    91.8    10.0

B.    Fisheries    30.0

    TOTAL FOR AGRICULTURE    91.8    40.0

VI.    Regional development authorities, and
    companies, industrial, agricultural &
    other economic development projects    100.0    50.0

VII.    Development of tourism facilities such
    as municipal development, tourist
    transportation, modern garbage disposal,
    resorts, hotels, etc.    n.    30.0

VIII.    Health facilities, including constructions
    of hospitals and purchase of medical and
    surgical equipments    n..    30.0

IX.    Educational facilities, 50% to be used for
    the construction of buildings as replacement
    to rented classrooms and 50% for purchase
    of vocational technological equipment as
    requested by the Bureau of Public Schools,
    the Bureau of Vocational Education and the
    State colleges and universities    n..    30.0

X.    HOUSING, URBAN RENEWAL AND
    NEW-TOWN DEVELOPMENT
    UNDP-RP Pilot Project

    New-town within the Laguna Lake
    Area to be used as an economically
    viable human settlement and cultural
    show case based on an integrated
    environmental and socio-economic
    scheme, including the reclamation of
    the area, provisions for housing,
    industrial estates, manpower training
    of the labor component, community
    facilities and public utilities; and
    construction of low-cost housing
    for economically viable human
    settlement that will serve as satellite
    towns for congested industrialized
    urban areas and as residential centers
    for new industrial estates      n..    30.0

    GRAND TOTAL        3,214.569    865.929

LIST 1
IMPROVEMENT OF MAJOR TRUNK ROADS
IN LUZON
    Estimated Cost
    Dollar    Peso
    Road Section    Length    Component    Component
    (Kms)    (In Million P)    (In Million US $)


MANILA NORTH ROAD

Obando-Tabang    21.50    0.175    1.405
Tabang-San Fernando    31.10    2.327    27.356
San Fernando (Pampanga)-Tarlac    56.50    3.607    38.132
Tarlac-Sto. Tomas    48.40    0.502    4.287
Sto. Tomas-Urdaneta    10.55    0.026    0.247
Rosario-Damortis    11.85    0.101    0.860
Damortis-Bauang    33.70    0.425    3.692
Bauang-San Fernando (L.U.)    10.30    0.041    0.378
San Fernando (L.U.)-Narvacan    98.10    0.913    7.898
Narvacan-Vigan    28.90    0.307    2.553
Vigan-Laoag    75.45    0.834    7.090

TOTAL    426.35    9.258    93.898

MANILA EAST ROAD

Pasig-Binangonan    23.80    0.369    2.837
Binangonan-Sta. Cruz     71.65    1.471    12.088

TOTAL     95.45    1.840    14.925

SAN FERNANDO, PAMPANGA-
DINALUPIHAN-OLONGAPO
ROAD

San Fernando, Pampanga-
Dinalupihan    32.80    0.328    2.699
Dinalupihan-Olongapo    26.70    0.113    0.941
Olongapo-Castillejos    19.90    0.175    1.451

TOTAL    79.40    0.616    5.091

ROSARIO-BAGUIO-BAUANG
ROAD

Rosario-Baguio    33.65    0.695    5.816
Baguio-Bauang    35.80    0.405    3.379

TOTAL    69.65    1.100    9.195

STO. TOMAS-BATANGAS-
TAGAYTAY- BACOOR-CAVITE-
LAS PIÑAS LOOP ROAD

Sto. Tomas Jct.-Lipa    41.00    0.420    3.218
Lipa-Batangas    3.70    0.358    0.303
Batangas-Tagaytay    92.50    1.618    13.378
Tagaytay-Bacoor    41.45    0.399    3.168
Bacoor-Cavite    12.60    0.110    1.021
Bacoor-Las Piñas i    3.00    0.009    0.077

TOTAL    194.25    2.914    21.165

TARLAC-STA. ROSA and GAPAN-
SAN FERNANDO ROAD

Tarlac-Sta. Rosa    40.60    0.615    5.301
Gapan-San Fernando, (Pampanga)    47.30    0.715    5.784

TOTAL    87.90    1.330    11.085

BUGALLON-DAGUPAN-
DAMORTIS ROAD

Bugallon-Dagupan    22.05    0.277    2.273
Dagupan-Damortis    28.55    0.568    5.784

TOTAL    50.60    0.845    8.057

GRAND TOTAL    1003.60    17.903    163.416

LIST 2

IMPROVEMENT OF MAJOR HIGHWAY NETWORKS
IN LUZON

    Estimated Cost
    Dollar    Peso
    Road Section    Length    Component    Component
    (Kms)    (In Million P)    (In Million US $)

Sto. Tomas-Sta. Fe    58.40    1.463    14.959
Dagupan-Urdaneta    26.55    0.213    1.972
Tarlac-Bugallon    75.00    1.531    14.002

    TOTAL    159.95    3.237    30.930

Aparri-Alilinao    8.58    0.127    0.952
Alilinao-Tuguegarao    95.42    1.779    14.736

    TOTAL    104.00    1.906    15.688

Dinalupihan-Pilar    25.90    0.392    3.200
Pilar-Limay    13.30    0.377    2.967
Castillejos-Sta. Cruz    128.60    1.962    19.418

    TOTAL    167.80    2.731    25.585

Tabaco-Legazpi    25.00    0.259    1.914
Tabaco-Ligao-Pioduran    70.00    1.000    5.000
Albay Westcoast    50.00    1.000    5.000
Lipa-Jct.-Tiaong    40.00    0.619    4.922
Lucena-Mauban    52.00    1.242    9.890

    TOTAL    237.00    4.120    26.726

Baguio-Ifugao-Lubuangan    208.40    5.228    44.340
Cabanatuan-Baler    115.60    2.504    21.162

    TOTAL    324.00    7.732    65.502

    GRAND TOTAL    992.75    19.726    164.431

LIST 3

IMPROVEMENT OF MAJOR TRUNK ROADS IN
MINDANAO AND THE VISAYAS

    Estimated Cost
    Dollar    Peso
    Road Section    Length    Component    Component
    (Kms)    (In Million P)    (In Million US $)

DAVAO-COTABATO ROAD

Davao-Digos    54.00    0.744    6.389

KAPATAGAN-ILIGAN-
CAGAYAN DE ORO ROAD

Iligan City-Cagayan de Oro
City    91.15    1.715    15.310

BUTUAN-GINGOOG-
CAGAYAN DE ORO ROAD

Butuan City-Tinao    191.15    3.303    31.610
Tinao-Cagayan de Oro    12.00    0.169    1.318

    TOTAL    203.15    3.472    32.923

COTABATO-ALLAH VALLEY
ROAD

Cotabato-Kalawag    87.70    1.487    11.626
Kalawag-Koronadal    55.00    0.871    6.714
Koronadal-General Santos    72.00    1.078    8.702

    TOTAL    214.70    3.436    27.042

BACOLOD NORTH ROAD

Bacolod-Silay City    4.15    0.217    1.664
Silay City-New Sagay      67.60    0.570    4.605

    TOTAL    71.75    0.787    6.269

BACOLOD SOUTH ROAD

La Castellana-Canlaon    24.00    0.335    3.510

CEBU NORTH AND SOUTH ROAD

Talisay-Toledo-Tabuelan-
San Remigio Coastal Road    100.0    3.155    6.530
Toledo-Barili Via Aloguinsan
Coastal Road    50.00    1.577    3.264

CEBU NORTH ROAD

Cebu-Mactan International
Airport Superhighway    14.00    1.542    3.037

CEBU SOUTH ROAD

Argao-Santander    72.00    2.379    4.803

LEYTE NETWORK

Libungao-Palompon — Calubian-
Leyte-Biliran Circumferential Road,
including Calaguisi and Biliran
Bridges    3.0    13.1

Alangalang-Carigara-Ormoc-
Merida-Isabel-Palompon Road,
including bridges    1.5    9.0

    GRAND TOTAL    894.75    23.642    131.187

LIST 4

IMPROVEMENT OF MAJOR HIGHWAY LINKS IN
MINDANAO AND THE VISAYAS

    Estimated Cost
    Dollar    Peso
    Road Section    Length    Component    Component
    (Kms)    (In Million P)    (In Million US $)

OZAMIS-DIPOLOG ROAD

Ozamis-Oroquieta    44.10    0.608    4.841
Oroquieta-Dipolog    93.10    1.554    14.064

    TOTAL    137.20    2.162    18.905

KORONADAL-MAKILALA ROAD

Koronadal-Takurong    43.00    0.686    5.838

SAYRE HIGHWAY

Tinao M. Fortich    24.00    0.176    2.091
M. Fortich-Malaybalay-
Kabacan    219.20    4.241    37.800

    TOTAL    243.20    4.517    39.891

DUMAGUETE NORTH AND
SOUTH ROAD

Guihulngan-Canlaon    0.5    3.0
Ayungon-Guihulngan    43.10    0.622    4.906
Pamplona-Sta. Catalina    0.5    3.0
Bayawan-Basay including bridge      0.5    3.0

    TOTAL    43.10    2.122    13.906

CEBU NORTH ROAD

Carmen-San Remigio    60.00    2.454    5.672
Bogo-Daan Bantayan-Maya    31.00    1.200    2.800
Danao-Asturias    25.00    .750    1.750

    TOTAL    116.00    4.404    10.222

CEBU SOUTH ROAD

Santander-Alegria    45.00    1.350    3.150
Cebu-Sibonga    25.00    .750    1.750

    TOTAL    70.00    2.100    4.900

OZAMIS-PAGADIAN-
ZAMBOANGA CITY ROAD

Ozamis-Aurora    23.65    1.443    13.190
Aurora-Pagadian    39.40    0.667    5.278
Pagadian-Ipil    134.50    1.798    14.572

    TOTAL    197.55    3.908    33.040

ILOILO NETWORK

Iloilo-San Joaquin    55.50    0.895    7.760
Iloilo-Ivisan    116.70    1.571    13.256
Ivisan-Ibajay    103.60    1.932    16.374
Iloilo-Sara    19.50    1.151    10.054

    TOTAL    295.30    5.549    47.444

DAVAO-SURIGAO ROAD

Tagum-Lupon    74.75    1.586    13.164
Placer-Sta. Ana    43.05    1.070    9.102

    TOTAL    117.80    2.656    22.266

NEGROS OR. AND NEGROS
OCC. NETWORK

New Sagay-San Carlos    60.00    0.848    6.842
San Carlos-Vallehermoso    21.40    0.445    3.864
San Enrique-La Castillana    24.36    0.260    1.971

    TOTAL    105.76    1.553    12.677

ILIGAN-LINAMON ZAMBOANGA
ROAD

Iligan-Linamon    4.95    0.055    0.671
Linamon-Kapatagan    75.10    0.923    8.210
Kapatagan-Aurora    23.40    0.631    5.538

    TOTAL    103.45    1.609    14.419

BOHOL NETWORK

Tagbilaran-Loay    17.70    0.206    1.533

LEYTE NETWORK

Bato-Bontoc Road    29.00    0.535    4.760
Maasin-Bontoc Road    69.50    0.698    6.729
McArthur-Bato Road    104.45    1.418    13.027

    TOTAL    202.95    2.651    24.516

COTABATO-LANAO ROAD

Nuling-Parang    16.50    0.258    2.702

SAMAR NETWORK

Calbayog-San Jose    93.00    0.976    9.047

CAGAYAN DE ORO-TALAKAG-

MARAMAG SECTION    115.00    3.000    18.000

DANGCAGAN-CALINAN-
DAVAO CITY SECTION    90.00    3.000    15.500

MARAWI-MALABANG-
COTABATO ROAD    80.00    1.300    13.500

    GRAND TOTAL    2,087.51    42.657    310.306
    ======    ======    ======


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