The Department of Budget and Management has recently released P448 M to Department of Labor and Employment (DOLE) to cover financial assistance for the 17,735 affected residents and workers in Boracay.

The budget department will also release P490M to Department of Public Works and Highways (DPWH) for the rehabilitation of the whole Boracay Circumferential Road in Aklan during the six-month closure of the island.

According to Budget Secretary Benjamin Diokno, the DBM is now processing the fund request of the DPWH subject to the approval of the Office of the President.

“The DBM has allotted P50M for the improvement of Boracay Circumferential Road in the 2018 General Appropriations Act (GAA) and will augment an additional P490 M to fast-track project completion,” said Secretary Diokno.

Charged against savings generated by DPWH in FY 2018, the fund release will be used to accelerate the construction progress of the 5.2-kilometer road that will strictly follow the 6.10-meter carriageway standard on both sides.

According to DPWH, the project will incorporate an improved drainage and sewerage system along the main road to contain in-land flooding. It will also be divided into three sections. The first phase will start from Cagban Port to Rotonda (1.4km), the second from Rotonda to Brgy. Balabag (1.9km), and the third from Brgy. Balabag to Brgy. Yapak (1.9km).

For more information, visit www.dbm.gov.ph For regular updates, follow the official Facebook and Twitter account of DBM: @DBMgovph.

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