NextGen Day

MANILA, Philippines — The Philippine Rural Development Program – Department of Agriculture (PRDP-DA) approved subprojects of local government units (LGUs) valued at least PHP40 billion to help leverage revenues in rural areas.

LGUs are lining up to take advantage of the initiatives, according to PRDP Director Shandy Hubilla, who stated in a video briefing on Tuesday that additional agro enterprises and rural infrastructure subprojects are being bankrolled.

As of March, the Intensified Building Up of Infrastructure and Logistics for Development (I-BUILD), or the infrastructure development component of PRDP, had received PHP37.48 billion in funding for 510 subprojects benefiting 795,000 people.

Along the priority value chains, the I-BUILD component covers strategic and climate-resilient rural infrastructures.

Meanwhile, the Enterprise Development component of the Investments for Rural Enterprises and Agricultural and Fisheries Productivity (I-REAP) has 644 authorized subprojects worth PHP2.74 billion, with 1,009 proponent organizations and 146,473 beneficiaries.

The I-REAP Component intends to help eligible organizations in designated project areas within priority value chains build and develop viable agriculture and fishery-based firms by providing technical, financial, and infrastructure support.

PRDP is a six-year initiative that began in 2014 with the goal of creating a government platform for a contemporary, climate-smart, and market-oriented agri-fishery industry.

PRDP collaborates with local governments and the corporate sector to provide critical infrastructure, facilities, technology, and information to boost rural income, productivity, and competitiveness.

“There was an objective to obtain extra funds because of the clamor of the LGUs to become beneficiaries of PRDP projects,” Hubilla added.

The PRDP received USD170 million in extra funding in May 2018, followed by USD280 million and 18.3 million euros in July 2021 from the European Union co-financing award.

The second round of additional funding came from the World Bank, with the second tranche of USD450 million authorized by the Investment Coordination Committee in 2016.

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