PALO, LEYTE — The National Economic and Development Authority (NEDA) said infrastructure and housing projects should continue to help the local economy mitigate the impact of the global financial crunch.
"Both have high multiplier effects. They create jobs not only in infrastructure and housing but also in the industries supplying raw materials to them," Buenaventura Go-Soco, NEDA regional director for Eastern Visayas said last week.
He said pump-priming efforts of the government will only succeed if productivity is increased in the agriculture, services and industries sectors.
Newly appointed Presidential Assistant for Eastern Visayas Cynthia Nierras confirmed that the government will implement pump-priming projects in the region.
She said the improvement of major roads in Samar island will also boost tourism and agricultural output. "Road openings will shorten travel time to capital cities and towns and facilitate transfer of goods and agricultural products," she added.
Circumferential roads are being constructed in Samar and Biliran islands. — Sarwell Q. Meniano
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