2008

Consolidated Audit Report on Official

Development Assistance (ODA) Projects

TABLE OF CONTENTS

Page

I. INTRODUCTION 1

II. FINANCIAL HIGHLIGHTS AND ANALYSIS

Loan Commitments

Cumulative 2 Current 4 Cancellations 5 Net 6

Availments Cumulative 7 Current 9

By Sector 10 By Creditor 14 By Implementing Agencies 16

Loan Repayments Cumulative 17 Current 17 Actual Debt Service 18

Outstanding Balance 20

III. CONSOLIDATED ODA OBSERVATIONS AND 22 ­65 RECOMMENDATIONS

IV. SCHEDULES ODA Loan Commitments 66 ODA Loan Availments and Undrawn Balances 77 Actual Debt Service Expenditures 87 Loans’ Outstanding Balance 96 ODA Funded Projects’ Status 106 Loan Commitments by Sector 115

V. ACRONYMS 123

CHARTS I Composition of ODA Loans 2 II Comparative ODA Net Loan Commitment 6 III Current Availments, By Sector 10 IV Comparative Current Repayments 18

TABLES I Comparative Cumulative ODA Loan Commitment by Creditor 3 II Increase in Cumulative Loan Commitments 4 III List of ODA Loans Signed 4 IV Loan Accounts with Partially Cancelled Commitments 6 V Top Ten Departments with Huge Cumulative Availments 7 VI Top Ten GOCCs with Huge Availments 8

Page

VII Cumulative Availments by Creditor 8 VIII Comparative Sectoral Current Year Availments 10 IX Availments – Infrastructure 11 X Availments – Agriculture, Natural Resources and Agrarian Reform 12 XI Availments – Social Reform and Community Development 14 XII Availments by Creditor 15 XIII Comparative Availments by Creditor 15 XIV Availments by Implementing Agencies 16 XV Actual Debt Service Expenditures by Type of Loans 18 XVI Actual Debt Service Expenditures by Type of Creditors 19 XVII Top Ten Agencies that Incurred Commitment Fees and Other Charges 20 XVIII Comparative Actual Debt Service Expenditures 20 XIX Outstanding Balance by Creditor 21

I. INTRODUCTION

Introduction

With the passage of Republic Act No. 8182, otherwise known as the Official Development Assistance (ODA) Act of 1996, the ODA funded projects were excluded from the total ceiling of one billion United States dollars or its equivalent in other foreign currencies, which the President of the Philippines is authorized to incur under Republic Act No. 4860, as amended. The Act also defined ODA as a loan or loan and grant with the following criteria:

(a) It must be administered with the objective of promoting sustainable social and economic development and welfare of the Philippines;

(b) It must be contracted with governments of foreign countries with whom the Philippines has diplomatic, trade relations or bilateral agreements or which are members of the United Nations, their agencies and international or multilateral lending institutions;

(c) There are no available comparable financial instruments in the capital market; and (d) It must contain a grant element of at least twenty­five percent (25%).

The use of ODA funds is very specific. As provided by law, these shall be used for previously identified national priority projects which are urgent and necessary to achieve equitable growth and development in all provinces and for the improvement of economic and social service facilities taking into account such factors as land area, population, scarcity of resources, low literacy rate, infant mortality and poverty incidence in the area. To assist the lawmakers in evaluating as to whether the objectives of ODA were met, the Executive Department, particularly the National Economic and Development Authority (NEDA) and the Commission on Audit (COA) were vested under the law with the following oversight functions:

(a) The NEDA shall conduct annual review of the status of all projects financed by ODA, identify causes of delays, reasons for bottlenecks, cost overruns, both actual and prospective, and continued viability, and report to Congress not later than June 30 of each year;

(b) The COA shall conduct an audit on each ongoing and completed project and report to Congress not later than June 30 of each year.

With the function vested in COA, a consolidated audit report on ODA funded projects consisting of two parts is prepared by the Government Accountancy Sector (GAS) of COA based on the individual audit report submitted by the auditors/audit team leaders of the implementing agencies.

The first part of the report deals with the status of ODA loans in relation to the amount of availments, repayments and outstanding balance at yearend. Annexes and tables were presented to show the details of the individual loan accounts. The data presented were gathered from the FY 2008 Status Report of National Government (NG) Direct and Guaranteed Foreign loans and Summary of Debt Expenditures­ Foreign of the Debt Monitoring and Analysis Division (DMAD) and National Cash Accounting Division (NCAD) of the Bureau of the Treasury (BTr). Actual debt service directly paid to the creditors by the Government Owned and/or Controlled Corporations (GOCCs) whose ODA loans were guaranteed by the Republic of the Philippines (GOP) were also taken from the GOCCs concerned.

The second part of the report is the compilation of audit observations and recommendations by projects and loan accounts submitted to GAS by the auditors/audit team leaders concerned. This includes the audit report on 23 completed and 50 ongoing projects implemented by National Government Agencies (NGAs) and GOCCs.

This consolidated ODA Audit Report for FY 2008 will be published at the COA website www.coa.gov.ph.

II. FINANCIAL HIGHLIGHTS AND ANALYSES

2

1.0 LOAN COMMITMENTS

1.1 Cumulative Loan Commitments – P1,162.23 billion (US$ 24.39 billion)

The aggregate amount of ODA loans contracted by the Philippine Government as of December 31, 2008 reached P1,162.23 billion (US$24.39 billion). These consist of 298 project loans amounting to P893.36 billion (US$18.75 million) and 31 program loans totalling P268.87 billion (US$5.64 billion).

Of the project loans, 92 were active, 4 were cancelled and 202 were closed. Active loans include 10 new loans and 33 loans with extended closing date. The 31 program loans consist of 7 active and 24 closed loans. Included under the active loans are three (3) new loans.

Closed loans were for 186 completed projects, 22 completed programs, 16 ongoing projects and 2 ongoing programs. Detailed list of the loan commitment accounts are shown in Schedule I.

Chart I shows the composition of ODA Loans as well as the number of loans for each type of Project Status.

Compared to last year’s total of P840.21 billion (US$20.29 billion), this year’s total loan commitments of P1,162.23 billion (US$24.39 billion) increased by P322.02 billion (US$4.10 billion) or 38.33 percent. Table I shows the comparative cumulative commitments for CY 2007 and 2008.

Chart I – Composition of ODA

New, 13 Ongoing, 104

Completed, 208

Cancelled, 4

Project Status of ODA Loan

Closed, 202

New, 10 Active, 82

Project Loans

Cancelled, 4

Project 298

Program 31

Total Number of Loans

Closed, 24

Active, 4 New, 3

Program Loans

3

USD PHP USD PHP USD PHP USD PHP Bilateral 13,563.61 646,265.35 10,754.33 445,347.69 2,809.28 200,917.66 26.12 45.11 JBIC 11,076.84 527,778.04 8,930.76 369,831.56 2,146.08 157,946.48 24.03 42.71 ECGD 939.26 44,752.92 775.95 32,132.79 163.31 12,620.14 21.05 39.27 KFW 289.87 13,811.35 304.69 12,617.62 (14.82) 1,193.73 (4.87) 9.46 USPL480 220.00 10,482.34 220.00 9,110.42 ­ 1,371.92 ­ 15.06 EFIC 89.48 4,263.68 89.48 3,705.65 ­ 558.03 ­ 15.06 ICO 98.41 4,689.16 98.41 4,075.45 (0.00) 613.71 (0.00) 15.06 KEXIM 107.70 5,131.39 118.45 4,905.14 (10.75) 226.25 (9.08) 4.61 FP 39.79 1,896.04 41.83 1,732.16 (2.04) 163.88 (4.87) 9.46 Others 702.26 33,460.43 174.76 7,236.90 527.50 26,223.53 301.85 362.36

Commercial 2,071.77 98,713.51 1,989.76 82,397.75 82.01 16,315.76 4.12 19.80 BAC 246.82 11,760.05 225.87 9,353.70 20.94 2,406.35 9.27 25.73 BBV 52.15 2,484.84 52.15 2,159.63 ­ 325.21 ­ 15.06 CAMC 59.97 2,857.18 58.53 2,423.98 1.43 433.21 2.44 17.87 ECGD 170.80 8,138.01 153.88 6,372.40 16.92 1,765.61 10.99 27.71 EDC 124.44 5,929.19 124.44 5,153.18 ­ 776.01 ­ 15.06 CEXIM 1,075.88 51,262.24 1,064.29 44,073.35 11.58 7,188.90 1.09 16.31 FP 28.15 1,341.25 29.59 1,225.32 (1.44) 115.93 (4.87) 9.46 Others 313.57 14,940.75 280.99 11,636.20 32.58 3,304.55 11.59 28.40

Multilateral 8,757.10 417,249.34 7,545.45 312,464.63 1,211.65 104,784.71 16.06 33.53 ADB 4,890.19 233,002.89 4,246.72 175,861.10 643.47 57,141.79 15.15 32.49 IBRD 3,645.72 173,707.49 3,139.86 130,024.84 505.85 43,682.65 16.11 33.60 Others 221.19 10,538.96 158.86 6,578.70 62.32 3,960.26 39.23 60.20

Grand Total 24,392.47 1,162,228.19 20,289.54 840,210.07 4,102.94 322,018.12 20.22 38.33

Note: USD Conversion to PHP: 2008 ­ P47.647; 2007 ­ P41.411

Difference between totals and sum of components is due to rounding off.

Table I – Comparative Cumulative ODA Loan Commitment by Creditor

Amount Creditor

Percent Increase (Decrease) 2008 2007

(in million pesos)

The ODA funds came from bilateral, multilateral and commercial creditors. The bulk of loan commitments of P646.27 billion or 55.61 percent were sourced from bilateral creditors. It increased by 45.11 percent compared to CY 2007. The Japan Bank for International Cooperation (JBIC) granted the amount of P527.78 billion or 45.41 percent of the total loans. Multilateral creditors approved P417.25 billion or 35.9 percent coming from the following creditors, namely: Asian Development Bank (ADB), International Bank for Reconstruction and Development (IBRD), International Fund for Agricultural Development (IFAD), Organization of the Petroleum Exporting Countries (OPEC), European Investment Bank and Nordic Development Fund showing a 33.53 percent increase. Commercial creditors like CHINA EXIM, Exports Credits Guarantee Department of England (ECGD), Export Development Corporation (EDC), Export Finance Insurance corporation (EFIC) and French Protocol, among others, provided for P98.71 billion or 8.49 percent, with 19.8 percent of growth over last year’s level.

Tabulated in Table II are the factors that contributed to the increase in cumulative loan commitments for CY 2008.

4

USD PHP 1. New loan commitments 1,731.07 82,480.19 2. Additional commitments 396.05 18,870.39 3. Understatement of 2007 COA ODA Report (67.95) 1,931.48 4. FOREX Diff. (Orig. Currency to US$) 2,043.78 171,702.43 a. Decrease (423.99) (9,956.53) b. Increase 2,467.77 181,658.96

5. FOREX Diff.(US$ to PHP) 47,033.63 Total 4,102.94 322,018.12

Table II – Increase in Cumulative Loan Commitments

Difference between totals and sum of components is due to rounding off.

Particulars Amount

(in million pesos)

1.2 Current Loan Commitments – P101.35 billion (US$2.13 billion)

During the year, 13 ODA loans were signed by the NG with loan commitments of P82.48 billion (US$1.73 billion). The loans were provided by bilateral, commercial and multilateral creditors such as ADB, IBRD, IFAD, OPEC Fund for International Development (OFID) and Austrian, French and German Governments. Presented in Table III is the list of signed loans for FY 2008.

Executing Signing No. Project/Program Name Agency USD PHP Date ADB 1 Development Policy Support Program, Subprogram 2

DOF 250.00 11,911.75 10/7/2008

2 Agrarian Reform Communities and Projects II (Co­Financing with OFID)

DAR 70.00 3,335.29 12/8/2008

3 Governance in Justice Sector Reform Program ­ Subprogram 1

DOF 300.00 14,294.10 12/18/2008

IBRD 4 National Roads for Improvement and Management Project 2

DPWH 232.00 11,054.10 10/24/2008

5 Food Crisis Response Development Policy

DOF 200.00 9,529.40 12/15/2008

6 Bicol Power Restoration Project NPC 12.94 616.55 2/7/2008

IFAD 7 Second Cordillera Highland Agricultural Resource Management Project (CHARM2)

DA 24.88 1,185.24 6/4/2008

Table III – List of ODA Loans Signed

Amount

5

(Table III, Continued) Executing Signing

No. Project/Program Name Agency USD PHP Date OFID 8 Second Cordillera Highland Agricultural Resource Management Project (CHARM2)

DA 10.00 476.47 12/17/2008

9 Agrarian Reform Communities and Projects II (Co­Financing with OFID

DAR 30.00 1,429.41 12/17/2008

Austrian Government 10 Bridge Construction Acceleration

Project for Calamity Stricken Areas (BCAP)

DPWH 31.93 1,521.41 4/18/2008

French Government 11 Mega Bridges for Urban and Rural

Development Project DPWH 253.90 12,097.76 9/4/2008

12 Mega Bridges for Urban and Rural Development Project

DPWH 44.81 2,134.90 9/4/2008

13 Tulay ng Pangulo Para sa Kaunlarang Pang­Agraryo

DAR 270.61 12,893.80 12/24/2008

TOTAL 1,731.07 82,480.19

Amount

As shown in the table, four projects are to be executed by the Department of Public Works and Highways (DPWH), an infrastructure agency. The loans will be used for the improvement of national roads and construction of bridges. The Department of Finance (DOF) and Department of Agrarian Reform (DAR) will implement three projects each. For DOF, the purposes of the loans are: development policy support program; food crisis response development; and governance in justice reform program. The DAR will utilize the loans for agrarian reform communities’ projects and bridge constructions. The Department of Agriculture (DA) and National Power Corporation (NPC) have two and one loans, respectively, to be used for agricultural resource management and power restoration project.

The additional loan commitments during the year amounting to P18.87 billion (US$396.04 million) were to be used for particular infrastructure projects such as Subic­Clark­ Tarlac Expressway Project (P8.84 billion), Agrarian Reform Infrastructure Support Project – PIII (P6.1 billion) and Pinatubo Hazard Urgent Mitigation Project PIII (P3.93 billion).

1.3 Loan Commitments Cancellations – P127.35 billion (US$2.67 billion)

The cumulative amount of loans cancelled as of FY 2008 reached P127.35 billion (US$2.67 billion). Of this amount, P2.61 billion (US$54.81 million) or 2.05 percent pertains to the current year.

As verified from the copies of Notice of Completion of Disbursements submitted by the creditor to the DOF, the cancelled commitments during the year refer to balances of commitments for completed disbursements made by the creditors. The biggest portion of cancelled commitments were made by JBIC – P60.12 billion (US$1.3 billion) or 47.21 percent, ADB – P38 billion ((US$797.47 million) or 29.84 percent and IBRD – P27.11 billion (US$568.89 million) or 21.28 percent.

The partially cancelled loan commitments during the year amounting to P2.61 billion (US$54.81 million) were reported under the loan accounts shown in Table IV.

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USD PHP 1 Social Reform Related Feeder Ports Dev't. Projects JBIC PH­P173 DOTC 15.83 754.37 2 MM Flood Control Proj. & West of Mangahan Floodway

JBIC PH­P179 DPWH 4.91 233.76

3 Cordillera Road Improvement Proj. JBIC PH­P205 DPWH 3.58 170.64 4 Batangas Port Development Proj. (Phase II) JBIC PH­P187 PPA 2.77 131.79 5 Arterial Road Link Dev. Proj. Ph.lV JBIC PH­P204 DPWH 1.44 68.72 6 Magsaysay Bridge & Butuan City Bypass Rd., PII JBIC PH­P216 DPWH 0.46 22.10 7 MM Air Quality Improvement SectorDevelopment Proj.(Investment Component)

ADB1665 PHI DENR 20.65 983.81

8 MWSS New Water Source Development Project ADB2012 PHI MWSS 2.07 98.70 9 Technical Education & Skills Development Proj. NDFNo. 331 TESDA 1.50 71.43 10 PJFH Mindanao Section Rehab Proj.Ph. ll JBIC PH­P206 DPWH 0.01 0.44 11 Mindanao 2nd Road Improv't. Proj. KFAED No. 541 DPWH 1.54 73.25 12 Agrarian Reform Communities Proj ADB1667 PHI DAR 0.05 2.33 Total 54.81 2,611.34

Difference between totals and sum of components is due to rounding off.

Table IV – Loan Accounts with Partially Cancelled Commitments (in million pesos)

Loan Account Number IA PROJECT

Amount

By sector, the cancelled loan commitments for Infrastructure totaled P1.55 billion, followed by Agriculture, Natural Resources and Agrarian Reform of P986.14 million and Social Reform and Community Development of P71.43 million.

1.4 Net Loan Commitments – P1,034.88 billion (US$21.72 billion)

Net loan commitments increased by P304.53 billion (US$4.08 billion) or 41.7 percent from the 2007 level of P730.35 billion (US$17.64 billion). This resulted from the over­all increase in loan commitments as against the amount cancelled. The loan commitments of P585.53 billion (US$12.29 billion) made by bilateral creditors registered an increase of P184.02 billion or 45.83 percent as compared to last year’s amount of P401.5 billion (US$9.7 billion). Those for multilateral creditors of P351.51 billion (US$7.38 billion) and commercial creditors with an amount of P97.83 billion (US$2.05 billion) also increased by P104.44 billion or 42.27 percent and P16.07 billion or 19.65 percent, respectively. Chart II shows the comparative net loan commitments.

2,924.54

97.8

351.5

401.5

81.8

247.1

0

100

200

300

400

500

600

Bilateral Commercial Multilateral

2008 2007

Chart II ­ Comparative ODA Net Loan Commitment (in billion pesos)

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2.0 LOAN AVAILMENTS

Availments represent the proceeds of loans remitted by lending institution to the Bangko Sentral ng Pilipinas (BSP)/authorized government depository bank (AGDB) for the account of the Treasurer of the Philippines. It includes the amount paid by the lending institution to the Implementing Agencies (IA’s) suppliers/ contractors/consultants as evidenced by a withdrawal authorization/advice of payment or any proof of disbursement from the lending institution.

2.1 Cumulative Availments – P781.49 billion (US$16.4 billion)

As of December 31, 2008, cumulative availments for 311 loan accounts amounted to P781.49 billion (US$16.4 billion) or an increase of 38 percent or P215.3 billion (US$2.73 billion) over last year’s amount of P566.17 billion (US$13.67 billion).

Of this amount, P508.26 billion (US$10.67 billion) was availed by NGAs, P270.08 billion (US$5.67 billion) by GOCCs and P3.15 billion (US$0.07 billion) by Local Government Units (LGUs). Percentage wise, the 311 loan accounts were availed as follows: NGAs – 214 or 68.81 percent, GOCCs – 93 or 29.9 percent and LGUs – 4 or 1.29 percent. The top ten departments of the NG with huge availments are shown in Table V.

USD PHP Public Works and Highways 62 3,559.83 169,615.30 Finance 7 1,227.36 58,480.05 Energy 2 858.50 40,904.86 Transportation and Communications 26 828.20 39,461.11 Environment and Natural Resources 7 658.20 31,361.02 Securities and Exchange Commission 5 650.00 30,970.55 Agrarian Reform 16 530.20 25,262.64 Agriculture 21 449.53 21,418.63 Health 19 423.89 20,197.03 Education 5 356.74 16,997.45 Total 170 9,542.44 454,668.64 Difference between totals and sum of component is due to rounding off.

Table V – Top Ten Departments with Huge Cumulative Availments

Amount No. of Loans Department

(in million pesos)

The aggregate loans availed by the 10 departments of the NG correspond to 89.46 percent of the total availments made by NGAs. The specific projects where the loans were utilized are shown in Schedule II of the report.

The 93 loan accounts availed by 20 GOCCs were topped by Development Bank of the Philippines (DBP) with 17.07 percent of the total. Shown on the next page are the top ten GOCCs that accounted for 90.67 percent of the total availments.

8

% to US$ PHP Total

Development Bank of the Philipines 15 967.84 46,114.70 17.07 National Power Corporation 16 965.01 45,979.84 17.02 Light Rail Transit Authority 6 892.10 42,506.00 15.74 Land Bank of the Philippines 17 748.40 35,658.87 13.20 Bases Conversion Development Authority 1 494.58 23,565.37 8.73 National Irrigation Administration 10 392.89 18,720.15 6.93 Bangko Sentral ng Pilipinas 2 231.03 11,007.97 4.08 Subic Bay Metropolitan Authority 4 161.28 7,684.45 2.85 Philippine Ports Authority 2 160.57 7,650.54 2.83 Metropolitan Waterworks & Sewerage System 4 126.00 6,003.44 2.22 Total 77 5,139.70 244,891.33 90.67 Difference between totals and sum of components is due to rounding off.

GOCCs No. of Loans

Amount

Table VI – Top Ten GOCCs with Huge Availments (in million pesos)

The NPC and Light Rail Transit Authority (LRTA) followed the DBP sharing 17.02 percent and 15.74 percent, respectively. The specific projects of each loan accounts are shown in Schedule II.

As to the number of loans granted, the LBP is the highest with 17 loan accounts, with the NPC and DBP trailing at 16 and 15 loan accounts, respectively.

Although the LGUs implemented only three loan accounts, they are the participating agencies in many projects implemented by NGAs.

By type of creditor, ODA loans are sourced from bilateral, multilateral and commercial creditors. Table VII shows the CY 2008 cumulative availments by creditor.

USD PHP Bilateral 153 48.57 1,339.20 63,808.64 Japan Bank for International Cooperation 91 31.70 873.92 41,639.79 Exports Credits Guarantee Department of England 5 10.43 287.71 13,708.40 Export Finance Insurance Corporation 3 1.58 43.61 2,078.02 Export­Import Bank of Korea 6 0.14 3.93 187.07 French Protocol 8 0.20 5.63 268.05 Instituto de Credito Oficial 8 0.23 6.41 305.27 Kreditanstalt fur Wiederaufbau 14 1.09 30.08 1,433.31 U.S. Public Law 480 8 1.01 27.90 1,329.59 Others 10 2.18 60.01 2,859.14

Percent to Total

No. of ODA

(in million pesos) Table VII – Cumulative Availments by Creditor

Creditor Amount

9

(Table VII ­ Continued)

USD PHP Commercial 44 13.88 382.70 18,234.68 Bank Austria Creditanstalt 4 0.63 17.36 827.09 Banco Bilbao Vizcaya 5 1.40 38.65 1,841.37 China National Construction and Agricultural Machinery Import and Export Corporation 2 0.40 11.11 529.15

Exports Credits Guarantee Department of England 5 3.56 98.10 4,674.41 Export Development Corporation 2 2.77 76.29 3,635.00 Export­Import Bank of China 3 ­ ­ ­ French Protocol 8 0.79 21.72 1,034.78 Others 15 4.33 119.48 5,692.88

Multilateral 114 37.55 1,035.38 49,332.70 Asian Development Bank 57 23.13 637.77 30,387.63 Internation Bank for Reconstruction and Development 45 13.73 378.67 18,042.54 Others 12 0.69 18.94 902.54

Grand Total 311 100.00 2,757.28 131,376.03

Note: USD Conversion to PHP: 2008 ­ P47.647; 2007­ P41.411 Difference between totals and sum of components is due to rounding off.

Creditor No. of ODA

Percent to Total

Amount

Among the bilateral creditors, the Government of Japan through the JBIC remained to be the largest source of ODA accounting for 31.7 percent with 91 loans, followed by multilateral creditors like ADB and IBRD with 57 and 45 loans, respectively, or a combined percentage of 36.86 percent.

2.2 Current Availments – P47.57 billion (US$998.34 million)

Availments for the year of P47.57 billion (US$998.34 million) for the 86 loan accounts were provided by the following creditors: Bilateral creditors – P22.15 billion (US$464.84 million) or 46.56 percent, Multilateral creditors – P24.4 billion (US$512.04 million) or 51.29 percent and Commercial creditors – P1.02 billion (US$21.46 million) or 2.15 percent.

As to implementing agency, availment for NGAs totalled P35.02 billion (US$734.91 million) representing 73.61 percent, GOCCs – P12.03 billion (US$252.43 million) or 25.28 percent and LGUs – P524.25 million (US$11 million) or 1.11 percent.

By sector, the biggest amount went to the Infrastructure sector of P20.45 billion (US$429.15 million) or 43 percent, followed by Governance and Institution Development of P11.99 billion (US$251.69 million) or 25.21 percent, Agriculture, Natural Resources and Agrarian Reform of P7.02 billion (US$147.3) or 14.75 percent and Social Reform and Community Development of P6.98 billion (US$146.44 million) or 14.67 percent The smallest availment was reported by Industry, Trade and Tourism Sector of P1.13 billion (US$23.76 million) or 2.38 percent. Sectoral Distribution of current year’s availments is shown in Chart III on the next page.

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Compared to 2007 figure at P69.62 billion (US$1.68 billion), this year’s level is lower by P22.05 billion or 31.67 percent as shown in Table VIII. The significant decrease was due to the following: 1 (a) delays in the procurement and processing of contracts/subproject preparations and consultants; (b) financial issues like delays in budget releases and settlement of contractor’s bills, and revised targets due to cost increase; and (c) start­up problems, slow gestation of activities, design modifications, change in key management officials, poor contractor performance, limited LGU technical capability, security issues and failure in bids.

Agr.,Nat. Res.& Agra. Reform 7,018.40 7,758.50 (740.10) (9.54) Governance & Institutions Dev. 11,992.13 23,404.71 (11,412.57) (48.76) Industry, Trade & Tourism 1,132.14 2,420.82 (1,288.68) (53.23) Infrastructure 20,447.74 32,816.56 (12,368.82) (37.69) Soc. Reform & Comm. Dev. 6,977.47 3,218.17 3,759.31 116.82

Total 47,567.88 69,618.76 (22,050.87) (31.67) Difference between totals and sum of components is due to rounding off.

Particulars

Table VIII – Comparative Sectoral Current Year Availments (in million pesos)

2008 2007 Increase

(Decrease) Percent

2.2.1 Sectoral Availments

There are five (5) sectoral classifications of ODA loans, namely: a) Infrastructure, b) Agriculture, Natural Resources and Agrarian Reform, c) Industry, Trade and Tourism, d) Social Reform and Community Development and e) Governance and Institution Development.

1 Source: 2008 ODA Portfolio Review by NEDA

20.45

7.02

1.13

11.99

6.98

0 5 10 15 20 25

Social Reform and Community Development Governance and Institution Development

Industry, Trade & Tourism

Agriculture, Natural Resources and Agrarian Reform Infrastructure

(in billion pesos)

11

2.2.1.1 Infrastructure

During the year 41 loan accounts were reported with availments amounting to P20.45 billion (US$429.15 million) showing a decrease of P12.37 billion or 37.69 percent compared to FY 2007 figure of P32.82 billion (US$792.46 million). Table IX shows the implementing agencies and the particular projects to be implemented under this sector.

USD PHP

DPWH 175.05 8,340.58 Urgent Bridges Construction Project­Rural Dev. 35.74 1,702.79 Arterial Road Link Development Project ­ Phase VI 24.05 1,145.95 Arterial Road Link Development Project ­ Phase V 18.62 887.12 Iloilo Flood Control Project ­ Phase II 17.31 824.76 KAMANAVA Flood Control/Dra.Sys.Imp.Proj. 13.18 627.93 MM Urban Transport Integration Project 12.14 578.20 Laoag River Basin Flood Control and SABO Project 10.79 514.20 MM Flood Control Proj. & West of Mangahan Floodway 7.91 376.66 Arterial Road Link Development Project ­ Phase lV 7.85 373.97 Agno River Flood Control Project ­ Phase II­A 5.81 277.01 Rural Road Network Development Project ­ Phase III 4.73 225.53 Pasig­Marikina River Channel Improvement Project ­ Phase II 4.52 215.46 Cordillera Road Improvement Project 4.26 202.90 Agno River Flood Control Project ­ Phase II­B 3.08 146.63 Pinatubo Hazard Urgent Mitigation Project ­ Phase III 1.56 74.44 Restoration/Rehab of Waterways in Selected River Basins Nationwide Phase I Project 1.12 53.45

Mindanao Roads Improvement Project 0.75 35.95 Magsaysay Bridge and Butuan City Bypass Rd., Phase II 0.65 30.89 PJFH Mindanao Section Rehab Project ­ Phase ll 0.45 21.56 Widening of Gapan­San Fernando­Olongapo Road and Emergency Dredging Project 0.19 9.08 Arterial Road Bypass Project ­ Phase I 0.17 8.34 Central Mindanao Road Project 0.16 7.74

DOTC 61.84 2,946.51 New Iloilo Airport Development Project 38.01 1,811.19 Selected Airports (T/L) Development Project ­ Phase lI 18.65 888.73 Social Reform Related Feeder Ports Development Projects 5.18 246.59

DBP 3.89 185.28 Rural Power Project 3.12 148.57 LGU Urban Water & Sanitation Project ­ Phase II 0.77 36.71

Table IX – Availments­ Infrastructure

Implementing NGA/GOCC Project

Amount

(in million pesos)

12

(Table IX ­ Continued)

USD PHP LBP 8.92 424.92

Manila Third Sewerage Project 4.49 213.89 Mindanao Basic Urban Services Sector Project 4.43 211.03

BCDA Subic­Clark­Tarlac Expressway Project 74.73 3,560.51 LRTA LRT Line I Capacity Expansion Project ­ Phase II 37.71 1,796.99 DOF­MDFO Local Government Finance Development Project 17.26 822.26 SBMA Subic Bay Port Development Project 16.78 799.59 NPC Electricity Market & Transmission Development Project 14.28 680.50 NLRC North Luzon Railways Project 7.96 379.39 ATO New Communications, Navigations Surveillance/Air

Traffic Mgmt. (CNS/ATM) System Development Project 5.60 266.92 Provl Gov't­LDN Metro Iligan Regional Infrastructure Development Project 1.85 88.16 DOT Sustainable Environmental Mgt. Proj. in Northern Palawan 1.78 84.94 DILG Mindanao Basic Urban Services Sector Project 1.07 50.98 PNR South Manila Commuter Rail Project 0.27 12.65 MWSS MWSS New Water Source Development Project 0.16 7.58

Total 429.15 20,447.74 Difference between totals and sum of components is due to rounding off.

Implementing NGA/GOCC Project

Amount

The bulk of availments for infrastructure projects totaling to P8.34 billion or 40.79 percent were availed by DPWH. The Department of Transportation and Communication (DOTC) also availed a huge amount of P2.95 billion or 14.41 percent. Among the GOCCs, Bases Conversion Development Authority (BCDA) has the highest amount of P3.56 billion or 17.41 percent which was used for Subic­Clark­Tarlac Expressway Project.

2.2.1.2 Agriculture, Natural Resources and Agrarian Reform

During the year, this sector with 22 loan accounts showed P7.02 billion (US$147.30 million). Implementing agencies include DA, DAR, Department of Environment and Natural Resources (DENR), Laguna Lake Development Authority (LLDA), National Irrigation Administration (NIA) and Pasig River Rehabilitation Center (PRRC). Compared to last year’s amount of P7,758.5 billion (US$187.4 million) a decrease of P740.1 million (US$40.05 million) or 9.54 percent was noted. The agencies and particular projects are shown in Table X.

USD PHP

DA 33.14 1,579.18

Diversified Farm Income and Market Development Project 16.05 764.55 Infrastructure for Rural Productivity Enhancement Sector Project 8.97 427.16 Mindanao Sustainable Settlement Area Development Project 5.40 257.41 Mindanao Rural Development Project Phase II 2.05 97.68 Integrated Coastal Resources Management Project 0.68 32.38

Table X – Availments ­ Agriculture, Natural Resources and Agrarian Reform (in million pesos)

Implementing NGA/GOCC Project Amount

13

(Table X, Continued)

USD PHP DAR 31.29 1,491.09

Agrarian Reform Infrastructure Support Project, Phase III 15.45 736.05 Agrarian Reform Communities Development Project ­ Phase II 9.33 444.35 Solar Power Technology Support to ARC, Phase II 3.25 154.85 Northern Mindanao Community Initiative and Resources Management Project 2.77 131.80

Western Mindanao Community Initiative Project 0.55 26.37 Agrarian Reform Communities Project (0.05) (2.33)

DENR 6.28 299.37 National Program Support for Environment and Natural Resources Management Project 4.00 190.59

Second Land Administration and Management Project 2.08 99.29 MM Air Quality Improvement Sector Development Project 0.20 9.49

LLDA Laguna de Bay Institutional Strengthening and Community Participation Project 1.31 62.19

NIA 61.17 2,914.73 Central Luzon Irrigation Proj./Casecnan Multi­purpose Irrigation & Power Project 31.51 1,501.15

Help for Catubig Agr. Adv. Project, SI 10.18 485.19 Southern Philippines Irrigation Sector Project 8.30 395.54 Bohol Irrigation Project ­ Phase ll 5.92 282.20 Bago River Irrigation System Rehabilitation and Improvement Project 4.01 190.86

Banaoang Pump Irrigation Project 1.25 59.79 PRRC Pasig River Environment Management and

Rehabilitation Sector Development Project 14.10 671.84 Total 147.30 7,018.40

Difference between totals and sum of components is due to rounding off.

Implementing NGA/GOCC Project Amount

The NIA, got the highest availments at P2.91 billion or 41.53 percent followed by DA – P1.58 billion or 22.5 percent, and DAR – P1.49 billion or 21.25 percent.

2.2.1.3 Industry, Trade and Tourism

For the promotion of industry, trade and tourism in the country, availments for this sector reached P1.13 billion (US$23.76 million) or 2 percent of current availments. Two GOCCs, the Land Bank of the Philippines (LBP) and Small Business Guarantee and Finance Corporation (SBGFC) reported the bulk amounting to P661.23 million and P419.11 million, respectively, while the Department of Trade and Industry (DTI) availed P51.8 million.

2.2.1.4 Social Reform and Community Development

Under the Sector, 16 loan accounts were reported to have availments amounting to P6.98 billion (US$146.44 million) or 15 percent of the current availments. The implementing NGAs and GOCCs including the projects are shown in Table XI.

14

USD PHP DepEd 89.48 4,263.29

Secondary Education Development and Improvement Project 21.54 1,026.35

National Program Support for Basic Education Project 61.60 2,935.05 Secondary Education Development and Improvement Project 6.34 301.90

DSWD Kapit­Bisig sa Kahirapan­Comprehensive and Integrated Delivery of Social Service­CIDSS 16.28 775.47

DOH 14.66 698.72 National Sector Support for Health Reform Projects 11.64 554.50 Development of Sub­Speciality Capabilities for Heart, Lung and Kidney Patients 1.94 92.33 Health Sector Development Project 0.84 40.02 Second Women's Health and Safe Motherhood Project 0.25 11.87

TESDA 14.30 681.24 Development of Centers of Excellence in Modern Manufacturing Technology 5.93 282.69

Technical Education and Skills Development Project 2.73 130.27 Technical Education and Skills Development Project 4.18 199.19 Technical Education and Skills Development Project 1.10 52.55 Expansion of Dual Education and Training 0.35 16.54

ARMM 9.15 436.10 ARMM Social Fund for Peace and Development Project 3.84 183.01 ARMM Social Fund Project 5.31 253.09

DBP Development of Poor Urban Community Sector Project 2.57 122.66 Total 146.44 6,977.47 Difference between totals and sum of components is due to rounding off.

Table XI – Availments ­ Social Reform and Community Development (in million pesos)

Implementing NGA/GOCC Project Amount

2.2.1.5 Governance and Institution Development

There are three (3) loan accounts with current availments of P11.99 billion (US$251.69 million) which were released to DOF, Supreme Court of the Philippines and Bureau of Internal Revenue (BIR). The projects are National Program Support for Tax Administration – P14.07 million, Development Policy Support Program – P11.91 billion and Judicial Reform Support Project – P66.32 million. Compared to FY 2007 figure of P23.4 billion (US$565.18 million), a decrease of P11.41 billion (US$313.49) or 48.76 percent was noted.

2.2.2 Availments by Creditor

Among the bilateral creditors, the JBIC is the biggest source of availments totaling to P21.87 billion (US$458.99 million) or 45.98 percent followed by KFW with P220.9 million or 4.64 percent. For the multilateral creditors, the ADB and IBRD provided the biggest amount of P15.08 billion (US$316.43 million) or 31.7 percent and P8.73 billion (US$183.22 million) or 18.4 percent, respectively. Of the commercial creditors, CEXIM

15

reported the highest amount of P379.39 million (US$7.96 million) or 0.8 percent. Table XII shows the creditors that provide availments to NGAs and GOCCs during the year.

USD PHP Multilateral 51.29 512.04 24,397.09 Asian Development Bank 31.70 316.43 15,076.83 International Bank for Reconstruction and Development 18.35 183.22 8,729.85 Others 1.24 12.39 590.41

Bilateral 46.56 464.84 22,148.29 Japan Bank for International Cooperation 45.98 458.99 21,869.71 Export­Import Bank of Korea 0.05 0.46 21.74 Kreditanstalt fur Wiederaufbau 0.46 4.64 220.90 Others 0.08 0.75 35.95

Commercial 2.15 21.46 1,022.51 China National Construction and Agricultural Machinery Import and Export Corporation 0.13 1.25 59.79

Export­Import Bank of China 0.80 7.96 379.39 Others 1.23 12.24 583.33

Grand Total 100.00 998.34 47,567.88

Note: USD Coversion to PHP: 2008 ­ P47.647; 2007 ­ P41.411 Difference between totals and sum of components is due to rounding off.

Table XII – Availments by Creditor (in million pesos)

Creditor % to Total

Amount

The greater part of availments amounting to P45.68 billion (US$958.64 million) or 96 percent of the current availments were provided by the three (3) funding institutions, namely: the JBIC, ADB and IBRD.

USD PHP USD PHP USD PHP USD PHP Bilateral 464.84 22,148.29 1,100.13 45,557.60 (635.29) (23,409.31) (57.75) (51.38) JBIC 458.99 21,869.71 1,018.13 42,161.72 (559.13) (20,292.02) (54.92) (48.13) ECGD ­ ­ 49.05 2,031.17 (49.05) (2,031.17) (100.00) (100.00) KEXIM 0.46 21.74 17.93 742.30 (17.47) (720.56) (97.45) (97.07) ICO ­ ­ 4.55 188.42 (4.55) (188.42) (100.00) (100.00) KFW 4.64 220.90 5.84 241.90 (1.21) (21.00) (20.63) (8.68) Others 0.75 35.95 4.64 192.09 (3.88) (156.14) (83.73) (81.29)

Table XIII – Comparative Availments by Creditor (in million pesos)

Percent 2008 2007 Increase (Decrease) Creditor Amount

16

(Table XIII, Continued)

USD PHP USD PHP USD PHP USD PHP Commercial 21.46 1,022.51 105.78 4,380.45 (84.32) (3,357.94) (79.71) (76.66) CAMC 1.25 59.79 10.99 455.15 (9.74) (395.36) (88.58) (86.86) CEXIM 7.96 379.39 80.83 3,347.19 (72.87) (2,967.81) (90.15) (88.67) Others 12.24 583.33 13.96 578.10 (1.72) 5.23 (12.30) 0.90

Multilateral 512.04 24,397.09 475.25 19,680.71 36.79 4,716.38 7.74 23.96 ADB 316.43 15,076.83 94.23 3,902.26 222.20 11,174.56 235.79 286.36 IBRD 183.22 8,729.85 373.39 15,462.62 (190.17) (6,732.77) (50.93) (43.54) Others 12.39 590.41 7.63 315.82 4.76 274.58 62.47 86.94

Grand Total 998.34 47,567.88 1.68 69.62 (682.83) (22,050.87) (40.62) (31.67)

Note: USD Conversion to PHP: 2008 ­ P47.647; 2007 ­ P41.411 Difference between totals and sum of components is due to rounding off.

Creditor Amount Percent 2008 2007 Increase (Decrease)

Table XIII shows that among the creditors apart from other creditors, ADB showed a huge increase at P11.17 billion (US$222.2 million or 235.79 percent).

2.2.3 Availments by Implementing Agencies

The total availments of P47.57 billion (US$998.34 million) were reported by 31 implementing government agencies classified as follows: NGAs (17) – P35.02 billion (US$734.91 million), GOCCs (12) – P12.03 billion (US$ 252.43 million) and LGUs (2) – P524.25 million (US$11 billion). Table XIV shows the implementing agencies that reported availments during the year.

USD PHP USD PHP USD PHP DOF 267.26 12,734.01 BCDA 74.73 3,560.51 ARMM 9.15 436.10 DPWH 175.05 8,340.58 NIA 61.17 2,914.73 Provl Gov't­LDN 1.85 88.16 DECS 89.48 4,263.29 LRTA 37.71 1,796.99 DOTC 61.84 2,946.51 LBP 22.80 1,086.14 DA 33.14 1,579.18 SBMA 16.78 799.59 DAR 31.29 1,491.09 NPC 14.28 680.50 DSWD 16.28 775.47 SBGFC 8.80 419.11

Particulars Amount Particulars Amount Particulars Amount NGAs GOCCs LGUs

Table XIV – Availments by Implementing Agencies CY 2008

(in million pesos)

17

(Table XIV, Continued)

USD PHP USD PHP USD PHP DOH 14.66 698.72 NLRC 7.96 379.39 TESDA 14.30 681.24 DBP 6.46 307.94 PRRC 14.10 671.84 LLDA 1.31 62.19 DENR 6.28 299.37 PNR 0.27 12.65 ATO 5.60 266.92 MWSS 0.16 7.58 DOT 1.78 84.94 SCP 1.39 66.32 DTI 1.09 51.80 DILG 1.07 50.98 BIR 0.30 14.07 Total 734.91 35,016.31 Total 252.43 12,027.32 Total 11.00 524.25 Difference between totals and sum of components is due to rounding off.

NGAs GOCCs LGUs Particulars Amount Particulars Amount Particulars Amount

Although DOF topped in current year’s availments, there was a decrease of P10.9 billion (US$303.62 million) or 46.13 percent compared to last year’s level of P23.64 billion (US$570.87 million). The BCDA which got the highest amount of P8.48 billion (US$204.79 million) in FY 2007 showed a decrease of P4.9 billion (US$130.06 million) compared to CY 2008 of P3.56 billion (US$74.73 million).

3.0 LOAN REPAYMENTS

3.1 Cumulative Repayments – P131.38 billion (US$2.76 billion)

Since 1996, the effectivity date of RA No. 8182 otherwise known as the ODA Law of 1996, repayments made to ODA creditors aggregated to P131.38 billion (US$2.76 billion). Of this amount, P63.81 billion or 43.87 percent (US$1.34 billion) was made to bilateral creditors, P49.33 billion or 37.55 percent (US$1.04 billion) to multilateral creditors and P18.23 billion or 13.88 percent (US$382.7 million) to commercial creditors. The bulk of repayments constituting 83.61 percent of the total went to the following specific creditors: JBIC – P41.64 billion or 31.7 percent (US$873.92 million), ADB – P30.39 billion or 23.13 percent (US$637.77 million), IBRD – P18.04 billion or 18.35 percent (US$378.67 million) and ECGD – P13.71 billion or 10.43 percent (US$287.71 million.

3.2 Current Repayments – P40.15 billion (US$842.69 million)

Repayments reached P40.15 billion (US$842.69 million) or 30.56 percent of the cumulative amount of P131.38 billion, broken down as follows: Bilateral loans – P22.62 billion or 56.33 percent (US$474.7 million), Multilateral loans – P14.83 billion or 36.93 percent (US$311.23 million), and Commercial loans – P2.7 billion or 6.74 percent (US$56.76 million). The biggest amount of P22.55 billion (US$473.38 million) or 56.17 percent of the total went to GOCCs followed by NGAs with P17.53 billion (US$367.95 million) or 43.66 percent and LGUs with P64.87 million (US$1.36 million) or 0.2 percent.

The highest repayments amounting to P17 billion or 42.33 percent was made by NPC. The DPWH got P7.3 billion or 18.19 percent and the DOTC shared P2.35 billion or 5.84 percent. Shown in Schedule 4 is the list of total repayments for the year. Chart IV on the next page shows the comparative figure of Current Year Availments.

.

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3.3 Actual Debt Service Expenditures – P49.8 billion

Actual debt service expenditures based on the report from the BTr and GOCCs concerned summed up to P49.8 billion with breakdown as follows: Principal – P33.34 billion; Interests – P15.47 billion; Commitment Fees – P435.16 million and Other Charges – P571.10 million. Details are shown in Annex C. Table XV shows the detail of actual debt service expenditures by type of loans and creditors.

Total Principal Interest Commitmen t Fees

Total Other Charges

NG­Direct 26,281.93 14,579.74 11,472.87 68.73 160.59 Bilateral 11,535.04 7,893.28 3,635.40 0.20 6.16 Commercial 3,106.89 1,887.06 1,133.78 0.88 85.17 Multilateral 11,640.00 4,799.40 6,703.69 67.65 69.26 NG­Guaranteed 21,654.13 18,064.53 3,233.62 120.30 235.68 Bilateral 12,334.97 10,345.05 1,691.42 84.59 213.90 Commercial 79.08 74.35 4.73 ­ ­ Multilateral 9,240.07 7,645.13 1,537.46 35.71 21.77 NG­Relent 1,882.90 699.78 762.15 246.14 174.84 Bilateral 1,449.57 555.54 498.43 221.02 174.58 Commercial 290.30 37.98 226.94 25.12 0.26 Multilateral 143.03 106.25 36.78 ­ ­ Total 49,818.96 33,344.05 15,468.64 435.17 571.10 Difference between totals and components is due to rounding off.

Table XV – Actual Debt Service Expenditures by Type of Loans

Particulars

(in million pesos)

For NG direct loans, debt service payments reached P26.3 billion while for the GOCCs’ loans guaranteed by NG, a total of P21.7 billion was paid. An amount of P1.9 billion for debt service was also paid for the relent loans of NG to some GOCCs.

Multilateral Bilateral Commercial

2007

2008

Chart IV ­ Comparative Current Repayments

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Bilateral creditors got the biggest share amounting to P25.32 billion or 50.8 percent of the total ODA debt service, followed by multilateral creditors with an amount of P21.02 billion or 42.2 percent. Commercial creditors shared the lowest figure at P3.48 billion or 7 percent.

Creditor % to Total

Total Principal Interest Commitment Fees

Other Charges

Bilateral 50.82 25,319.59 18,793.87 5,825.25 305.81 394.65 JBIC 40.21 20,033.11 14,406.82 4,937.08 300.74 388.47 ECGD 5.81 2,895.41 2,531.06 362.27 ­ 2.08 EFIC 0.96 479.94 412.52 67.21 ­ 0.21 KEXIM 0.22 107.71 38.42 63.79 2.46 3.05 FRENCH PROC. 0.18 91.28 71.67 19.54 ­ 0.08 ICO 0.14 68.53 51.13 17.28 0.08 0.04 KFW 1.07 531.44 391.91 136.96 2.53 0.04 US PL480 0.56 277.89 217.82 59.82 ­ 0.25 Others 1.67 834.28 672.54 161.31 ­ 0.43 ­

Commercial 6.98 3,476.27 1,999.39 1,365.45 26.00 85.43 BAC 1.27 631.56 213.56 417.51 ­ 0.48 BBV 0.52 260.48 217.91 42.40 ­ 0.17 CAMC 0.36 180.89 139.77 40.99 ­ 0.12 ECGD 0.47 236.04 134.85 100.96 ­ 0.23 EDC 1.46 726.56 590.03 135.63 ­ 0.91 CEXIM 0.46 228.78 ­ 203.65 25.03 0.11 FRENCH PROC. 0.24 119.33 103.42 15.82 ­ 0.09 Others 2.19 1,092.63 599.85 408.49 0.97 83.33 ­

Multilateral 42.20 21,023.11 12,550.78 8,277.94 103.36 91.03 ADB 29.19 14,542.77 9,324.21 5,148.33 14.65 55.59 IBRD 12.44 6,199.44 3,023.51 3,068.70 87.06 20.16 Others 0.56 280.90 203.06 60.91 1.65 15.28

Grand Total 100.00 49,818.96 33,344.05 15,468.64 435.17 571.10 Difference between totals and sum of components is due to rounding off.

Table XVI – Actual Debt Service Expenditures by Type of Creditors

(in million pesos)

Table XVI shows the specific creditors and the particular debt service paid.

Commitment fees refer to the financial charges borne by the borrower for the portion of a loan which remained unutilized/undisbursed. The amount paid to JBIC constitutes 69.1 percent of the total. This creditor also received the biggest other charges paid by the NG that constitute 68 percent. The Other Charges include service charge, handling fees, cable cost and other fees.

Among the 23 agencies that incurred commitment fees, the LRTA incurred the highest amount of P299.04 million or 68.72 percent. It also incurred the biggest Other Charges at P283.2 million or 49.59 percent.

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Particulars Commitment Fees Particulars Other Charges

LRTA 299.04 LRTA 283.20 NLRC 25.03 SBMA 56.73 LBP 21.29 PPA 47.62 DECS 19.21 PRRC 34.09 DA 16.21 SEC 25.94 DBP 11.73 DENR 14.02 DENR 8.23 MWSS 13.57 DOH 8.16 OP 6.70 NPC 5.09 TESDA 5.95 DSWD 4.36 NIA 5.86

Table XVII ­ Top Ten Agencies that Incurred Commitment Fees and Other Charges

The top ten agencies that incurred commitment fees and other charges are shown in Table XVII.

Creditor 2008 2007 Increase (decrease) Percent

Bilateral 25,319.59 15,968.29 9,351.29 58.56 JBIC 20,033.11 8,731.92 11,301.19 129.42 ECGD 2,895.41 2,261.47 633.94 28.03 EFIC 479.94 557.73 (77.80) (13.95) KEXIM 107.71 214.01 (106.30) (49.67) FRENCH PROC. 91.28 86.46 4.82 5.57 ICO 68.53 26.50 42.04 158.66 KFW 531.44 490.90 40.54 8.26 US PL480 277.89 368.07 (90.18) (24.50) Others 834.28 3,231.23 (2,396.95) (74.18)

(in million pesos) Table XVIII – Comparative Actual Debt Service Expenditures

The comparative actual debt service expenditures for CY 2007 and 2008 are shown in Table XVIII.

Compared to last year’s level of P35.2 billion, an increase of P14.6 billion or 41.5 percent was noted. In terms of growth, the JBIC and ADB got the highest at P11.3 billion or 129.42 percent and P6.1 billion or 72.44 percent, respectively. On the other hand, repayments made to IBRD showed a decrease of P348.62 million or 5.32 percent.

4.0 OUTSTANDING BALANCE – P640.8 billion (US$13.45 billion)

At yearend, the outstanding balance of ODA loans stood at P640.8 billion (US$13.45 billion) broken down as follows: Bilateral loans – P397.19 billion (US$8.34 billion), Multilateral loans – P206.51 billion (US$ 4.33 billion) and Commercial loan – P37.1 billion (US$778.56 million). Table of Outstanding balance of ODA loans by creditor is shown in Table XIX.

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USP PHP Bilateral 61.98 8,336.19 397,194.45 JBIC 54.39 7,314.85 348,530.44 ECGD 2.79 375.86 17,908.80 EFIC 0.34 45.65 2,175.31 KEXIM 0.20 27.53 1,311.91 FRENCH PROC. 0.23 30.57 1,456.62 ICO 0.65 87.44 4,166.14 KFW 1.26 168.91 8,048.07 US PL480 1.42 191.22 9,111.26 OTHERS 0.70 94.15 4,485.90

Commercial 5.79 778.56 37,096.13 BAC 1.47 197.34 9,402.84 BBV 0.10 13.48 642.51 CAMC 0.24 31.61 1,505.91 ECGD 0.54 72.69 3,463.60 EDC 0.34 45.89 2,186.46 CEXIM 2.20 296.25 14,115.54 FRENCH PROC. 0.03 3.92 186.75 OTHERS 0.87 117.37 5,592.52

Multilateral 32.23 4,334.10 206,506.99 ADB 19.78 2,659.65 126,724.38 IBRD 11.82 1,589.87 75,752.57 OTHERS 0.63 84.58 4,030.03

Grand Total 100.00 13,448.85 640,797.57 Difference between totals and sum of components is due to rounding off.

Table XIX ­ Outstanding Balance by Creditor

(in million pesos)

CY 2008

Amount % to Total PHP

Creditor

A larger part of outstanding balance representing 54.39 percent or P348.53 billion (US$7.31 billion is reported by JBIC. The ADB and IBRD, multilateral creditors, showed P126.72 billion (US$2.66 billion) or 19.78 percent and P75.75 billion (US$1.59 billion) or 11.82 percent, respectively.

III. CONSOLIDATED ODA OBSERVATIONS AND RECOMMENDATIONS

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CONSOLIDATED ODA AUDIT OBSERVATIONS AND RECOMMENDATIONS

This consolidated audit observations and recommendations consist of 73 projects that were audited by COA for CY 2008. Of these projects, 44 were implemented by NGAs and 29 by GOCCs. The agencies were grouped by sector such as I. Agriculture, Natural Resources and Agrarian Reform, II. Social Reform, III. Infrastructure, IV. Governance, V. Industry and VI. Financial Institution.

The audit observations and recommendations were classified under the following audit issues: a. budget, b. procurement of consulting services, civil works and goods, c. financial performance, d. physical performance, e. project sustainability and f. others.

I. Agriculture, Natural Resources and Agrarian Reform Sector

1. Department of Environment and Natural Resources (DENR) 1.1 National Program Support to Environment and Natural Resources Program (NPS­ENRMP)

Loan Account No. ­ IBRD 7470 PH

OBSERVATION RECOMMENDATION

A. Budget Expenditures not related to project activities totaling P368,971.99 and P10,300.00 in Regions IV­B and A, respectively, were charged to NPS­ENRMP contrary to the purpose in the Sub Special Allotment Release Order (SSARO) and in violation of Section 37 of PD 1177, thereby defeating the purpose for which the funds were intended.

Utilize the funds released only to expenses related to the project to maximize the use of scarce government funds. Traveling expenses not related thereto should be charged to the regular fund of the agency. Likewise, procurement of supplies not related to NPS­ENRMP be charged to the regular fund of the agency.

Allotment for Maintenance and Other Operating Expenses (MOOE) amounting to P85,052.95 was used for the purchase of Information Technology (IT) Equipment, Furniture, and Fixtures and Other Equipment without proper authority from DBM, contrary to Section 4 of P.D. 1445 and COA Circular No. 97­004. (Region IV)

Management agreed to make representation with the DBM thru the Regional Executive Director of Region IV­A for the realignment of MOOE allotment amounting to P85,052.95.00 to the appropriate IT Equipment and Software, Furniture and Fixtures, and Other Equipment Outlay, pursuant to Section 4 of PD 1445 and COA Circular 97­004. Likewise, stop the practice of using MOOE fund to purchase equipment without prior approval from the DBM.

B. Procurement of Consulting Services, Civil Works and Goods

The agency procured supplies and equipment for the NPS­ENRMP totaling P953,854.50 as of December 31, 2008 which are not in accordance with the Annual Procurement Plan (APP) of Region 2 resulting in the unnecessary and uneconomical procurement of supplies and equipment.

Management agreed to prepare/maintain its APP enumerating therein the necessary supplies and materials needed by the project during the year in order to avoid the procurement of unnecessary supplies and equipment. Review and update the APP regularly at least every six months or as often as necessary and observe strictly the provision in the preparation of APP as basis of procurement of goods as enumerated under Section 7 of RA 9184 to ensure that all procurement made are needed by the project.

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OBSERVATION RECOMMENDATION b. Advise the Community Environmental and Natural Resources Officers (CENRO) to coordinate properly with their BAC as to the procedural steps for the procurement of goods and services through the alternative methods.

c. Advise the Accountant to strictly observe the aforementioned provisions of RA 9184 and its IRR. Further, the Accountant should check thoroughly the completeness of supporting documents before processing them for payment to ensure regularity in the disbursement of government funds.

The awards of contracts for delineation and assessment of proposed permanent boundaries in the municipalities of Occidental Mindoro amounting to P274,443.00 were not in accordance with pertinent provisions of IRR­A of RA 9184 and Executive Order No. 398, thus the agency was not assured that the award given was most advantageous to the government.

Strictly adhere with the provisions of RA 9184. In addition, management should see to it that the contractors hired are qualified for the work to be done; hence qualification requirements should form part of their offer for services. We also advised that management minimize the cost of labor service and hire those contractors who reside in the area where the work will be conducted.

C. Financial Performance

The accuracy of the Cash in Bank ­Foreign Currency, Savings Account as of December 31, 2008 amounting to P7,489,610.18 was unreliable due to unrecorded interest income in the amount of US$1,251.52 ( net of withholding tax) for the year, thus resulting in the understatement of the account.

Require the Accountant to record the interest income in the books of accounts and remit the same to the BTr for fair presentation of the financial statements.

Advances to Officers and Employees amounting to P24,044.00 remained unliquidated for over 31 to 91 days as of December 31, 2008 due to failure of management to implement an effective system in the monitoring of cash advances and the liquidation thereof in violation with Section 89 of PD 1445 and Executive Order (EO) No. 248. This resulted in the overstatement of the total receivables and the understatement of the expense accounts in the financial statements.

Abide with Section 89 of PD 1445 and Section 16 of EO No. 248 and all applicable government rules and regulations in the proper liquidation of cash advances.

Advances to Officers and Employees amounting to P7,490.00 remained unliquidated as of December 31, 2008 contrary to the provisions of Section 179 of the Government Accounting and Auditing Manual (GAAM), Vol. 1 and COA Circular 97­002.

Require the concerned employee of the Planning and Management Division, Regional Office 1, to liquidate immediately the total amount of P7,490.00 or to refund the whole amount if no actual travel has been made. Require also the Accountant to withhold the salary of the concerned employee who failed to liquidate the cash advance within the prescribed period

There was a significant delay in the project implementation on the part of the agency and the loan proceeds was not fully utilized thus causing loss to the government in terms of project benefits and commitment charges amounting to US$124,777.37 or P5,914,447.34.

Strictly follows the time element set forth in the implementation of the project and withdrawals from the loan to minimize incurrence of commitment charges.

24

OBSERVATION RECOMMENDATION The accuracy of the account Cash in Bank ­ Foreign Currency, Savings Account of NPS­ENRMP as of December 31, 2008 amounting to P255,424.83 was unreliable due to unrecorded interest income for the year, thus resulting in the understatement of the account.

Management requires the Accountant to record the interest income in the books of accounts and remit the same to the BTr for fair presentation of the financial statements.

D. Physical Performance

For CY 2008, the project was not able to accomplish the targeted activities in the Work and Financial Plan (WFP) resulting to a slippage of negative 83.80% on fund utilization and a negative 73% on physical performance as reported. The project’s rate of delivery in terms of physical outputs could not be assessed due to absence of basis to measure activities performed in relation to the scheduled activities for the year.

Assign weights/percentages to every project activity which will serve as a basis of measuring activities actually performed vis­à­vis activities planned for each year. With the determination of the accomplishment/project delivery rate the extent of project accomplishment can be easily monitored and any favorable deviation/variances if any, can be immediately determined and remedied. It was also recommended that management fast track the activities which are behind schedule to cope up with the Work Plan.

E. Others

Out of the 170 guides/brushers who were hired for the NPS­ENRMP of DENR, Regional Office (RO) VIII, 27 thereof claimed that they either worked for free or received an amount much lower than what appeared in the RERs, 39 were not residents at the indicated addresses, 13 denied to have worked as guides/brushers on certain periods while one was already dead since 2005 at the time he was hired thus, resulting to a loss of P277,420.00 to the government.

Direct the designated Accountable Officers (AOs) and the Coordinator to explain in writing the deficiencies noted in audit and to give an actual accounting of the amount of P634,000.00 they received from DENR, RO VIII as payment for the wages of the hired guides/brushers. Require also the AOs to refund the amount that was spent for the purpose other than what it was intended including the sum of P277,420.00.

Payment of materials used in the construction of PASU Office at Brgy, Kinabuhayan, Dolores, Quezon amounting to P26,835.00 was on reimbursement basis, in violation of Section 439 of Government Accounting and Auditing Manual (GAAM) Volume I and the IRR­A of RA 9184. (Region IV)

Refrain from purchasing supplies and materials on reimbursement basis, except when the situation is exceptionally urgent or absolutely indispensable to prevent immediate danger to, or loss of life and/or property, or to avoid detriment to the public service. Likewise, strictly comply with the provision of Section 439 of GAAM Volume I and IRR­A of RA 9184.

Traveling expenses amounting to P538,410.00 in DENR, RO VIII, paid out of the funds of NPS­ ENRM Project were either not undertaken or unnecessary. Likewise, validity of some travel claims worth P1,397,000.00 is questionable since not all of those who traveled during the same period and destination received equal traveling benefits thereby, putting the government at a disadvantage.

Impose control on the issuance of travel orders. Only personnel who perform survey work will be authorized to go to the field and claim travel expenses. Personnel who are assigned administrative work and who cannot contribute to actual survey work should not be allowed to travel. Likewise, require the concerned employees with questionable travels to refund the corresponding amount received from the agency.

25

OBSERVATION RECOMMENDATION Failure of some members of the delineation survey teams in Provincial Environment and Natural Resources Office (PENRO) Cebu to submit complete documentation of their accomplishments as required under Sec. 6 (d), Article II of the DENR Administrative Order 2008­24 and paragraph 5.1(b) of the Delineation Field Manual, cast doubt on the validity and regularity of their monthly travel claims totaling P367,320.00 for CY 2008.

Require the concerned employees to produce and submit the reports, otherwise, require them to refund their corresponding travel claims which remained unsupported. Likewise, we recommend that prudent fiscal control be exercised by the Accountant and the Planning Officer in the evaluation of claims to ensure that disbursement or usage of government funds are covered by rules and regulations which are subject to strict implementation.

1.2 Second Land Administration and Management Project – (SLAMP) Loan Account No. – IBRD ­ 7298 PH

A. Physical Performance

The non­preparation and submission of Work and financial Plan (WFP) for CYs 2007 and 2008 that clearly identifies the specific activities to be undertaken by the Project Coordinating Office (PCO) and each Provincial Project Implementation Office (PPIO) and the corresponding budget for each activity, and the non­submission of accomplishment report showing the accomplishment of each office vis­à­vis the targets resulted in the difficulty of assessment and evaluation of accomplishment and determination of the status and effectiveness of the Project.

Prepare a WFP and accomplishment report that would show the specific target, budget by office/unit and submit these within the prescribed time frame/schedule. This is to facilitate the assessment and evaluation of the physical and financial progress of each unit so that opportunities for improvement can be immediately identified.

B. Financial Performance

The total balance of receivables as appearing in the financial statements of SLAMP at year end is overstated by P647,128.45 due to the inappropriate and irregular transfer of the account due from Other funds of First Land Administration and Management Project (FLAMP) to the books of accounts of SLAMP.

Inasmuch as FLAMP was already terminated in CY 2005, it is strongly recommended that the accounting division should close all the accounts of FLAMP to the General Fund (GF) 101 and that the Due from Other Funds account be closed to Government Equity (GE) and the corresponding cash balance that was deposited in the Trust Fund (TF) account of the Department be remitted to BTr. Further charges to the account would be suspended in audit as the circumstances warrant.

C. Others

The designation of a consultant/contractual employee as Executive Director of SLAMP is not in accordance with the provisions of Civil Service Commission (CSC) Memorandum Circular Nos. 5, s. 1985, dated April 12, 1985, and 26, s. 1997, dated October 5, 1997.

Recall Special Order No. 2008­122 designating Atty. Eduardo P. Quintos XIV as Executive Director of SLAMP. Consequently, all documents signed by him as Executive Director are considered invalid as there has no legal basis for him to sign as such. Considering that there were no regular/career personnel designated as SLAMP Executive Director, the Assistant Secretary of FASPO or the Undersecretary for Financial Management and Legal should sign/approve all documents requiring approval as set forth in the Operations Manual of the Project and the Manual of Approval of the Department.

26

OBSERVATION RECOMMENDATION 2. National Irrigation Administration 2.1 Bohol Irrigation Project, Phase ll (BIPP II) ­ Ubay Bohol Loan Account No. ­ JBIC PH P202

A. Procurement of Consulting Services, Civil Works and Goods

A contractor was granted a time extension even after the expiration of the contract.

Strictly comply with all the rules and regulations on contract implementation as set fort in RA 9184 which shall include collection of liquidated damages. Strict adherence to procurement procedures, laws, rules and regulations is emphasized in Sec. 89 of RA 9498 General Appropriation Act (GAA) of FY 2008).

Various contracts for land leveling projects did not contain the provisions on liquidated damages, a violation of Section 68 of the IRR­A of RA 9184. With this omission, the provision in contract time becomes "useless".

Indicate in all infrastructure contracts the provisions on liquidated damages under RA 9184 and an addendum on this regard for all existing contracts. This will only facilitate the collection of liquidated damages but will also ensure farmers of early use of the farmland for rice production. Strict adherence to procurement procedures, laws, rules and regulations is also emphasized in Section. 89 of RA 9498. Also, enforce collection from SAKAE Builders the liquidated damages in connection with his contract of April, 2007, Package No. 29 for P996,860.61, location­ Magcahi­usa, Haloga, Catuboran, CIS Lat B, Cabaquazon.

B. Financial Performance

Project funds under Fund 102 in the amount of P10,394,824.34 were placed to a High­Yield Savings Deposit and the interest earned thereto amounting to P236,831.36 were being collected by the NIA Fund 501 Corporate Operating Budget (COB).

Revert and remit to the National Treasury the unexpended balance of cash proceeds of trust receipts which are funds of finished projects under Fund 102. Adhere strictly to existing law, rules and regulations in the handling of government funds.

Cash balances under the Modified Disbursements System (MDS) account totaling P25M were drawn and transferred in the agency's current account without the supporting documents. This violates Sec. 168­C of GAAM Vol. I, COA Circular Letter No. 2003­004 and Sec 74 of RA 9498

Secure a written directive from NIA Central Office on the subject fund transfer and an exemption from COA Government Accountancy and Financial Management System (GAFMIS) Circular Letter No. 2003­004 on the closure of existing current accounts. Henceforth, see to it that all withdrawals from the MDS account are for valid transactions only.

The billing procedures/reporting of the bills issued for Irrigation Service Fee (ISF) were not adequately established. Bills were not numbered and reported to NIA Regions 7 and 8 for recording of the transactions.

Review the existing NIA regulations on ISF collections and thereafter conduct an orientation/training of personnel involved in the collections thereof. If necessary, request assistance from Bohol Irrigation System on the matter

There is an urgent need to fastrack the titling of the parcels of land acquired for the BIPP II. Only 8,4635 hectares have been titled out of the 907.2188 acquired.

Closely coordinate with the Legal Department of NIA Central Office on the titling of these properties as the project is expected to be turned over within the first quarter of CY 2009 and in order to protect the interests of the government.

27

OBSERVATION RECOMMENDATION 2.2 Help for Catubig Agricultural Advancement Project (HCAAP) Loan Account No. ­ JBIC PH­P221

A. Procurement of Consulting Services, Civil Works and Goods

Purchases of supplies and equipment were not in accordance with the pertinent provisions of the IRR of RA 9184, otherwise known as the Government Procurement Reform Act, depriving the government of the best possible deal in terms of the best price available.

For Project Manager as the head of the procuring entity ensure that RA 9184 is strictly observed, particularly on competitive bidding and the terms and conditions for the use of alternative methods of procurement.

B. Financial Performance

Reliability of the balance of the Construction In Progress (CIP) account cannot be ascertained due to unupdated CIP Ledger Cards (CIPLC), inadequate accounting and property records for properties charged to this account and erroneous classification of properties. Moreover, this equipment issued to end­users was not covered by properly accomplished Property Acknowledgement Receipts (PAR) and Inventory Custodian Slips (ICS).

Require the accountant to review and update the CIPLC for CIP account and retrieved prior years records so that prior years purchases of equipment can be included in the CIPLC. Also require the Accountant and Property Officer to reconcile regularly the Physical Inventory Report against the CIPLC ­ Equipment. Any discrepancy noted shall be verified and adjusted immediately. Implement fully the accounting policies regarding Property, Plant and Equipment (PPE) from acquisition, recording, monitoring and control of these assets. Likewise, strictly require the Property Officer to issue immediately PAR and ICS for properties issued to en­users in order to properly establish accountability and to facilitate the verification of its existence. Require both the Property Officer and end­user to sign the PAR and ICS. Further, we recommend that properties which are not considered PPE should be classified as inventory and charged to expense upon issuance. Include the physical condition of the items in the Inventory Report.

Bank Reconciliation Statements (BRSs) were not prepared and submitted regularly as required under Section 74 of PD No. 1445, thus affecting the accuracy of Cash in Bank account due to delayed recording of reconciling items.

Prepare BRSs should be prepared monthly as required under existing rules and regulations. Proper representation with the depository bank should be made for the immediate release of the bank statements so that BRS can be prepared and submitted on time. Also, prepare immediately the necessary JEV to record the adjusting entries for the identified reconciling items.

The balance of account Payroll Fund as of December 31, 2009 amounting to P294,137.30 remain unliquidated at year end contrary to the provision of COA Circular No. 97­002, dated February 10, 1997 that pertains to the granting, utilization and liquidation of cash advances.

Direct the Accountant to enforce and monitor compliance with regulations on cash advances. Grant cash advances for salaries and wages based on the net amount of approved payroll to avoid excessive cash advance and require the Cashier to return excess or unused cash advance immediately.

28

OBSERVATION RECOMMENDATION The Monthly Fuel Consumption Report (MFCR) and Monthly Report of Official Travel (MROT) were not submitted to COA for audit purposes, which cast doubt on the propriety of the gasoline and oil consumption, thus validity of the payments made in the total amount of P874,700.52 cannot be determined.

Require the Property Officer to summarize monthly the official travels based on the trip tickets and withdrawals of gasoline duly accounted in the trip ticket. Prepare also the MFCR per vehicle and submit to the Auditor for audit purposes. For gasoline consumption other than the motor vehicle, a separate MFCR shall be prepared.

Various claims were not supported with complete documents as required under Section 138­f of the GAAM Vol. I, in the total amount of P1,860,357.78 and P31,224.84, casting doubt as to its validity.

Submit immediately all lacking documents required for the various transactions indicated in Annex "A" to support propriety and validity of the disbursements. Also, require the Chief Accountant to conduct an extensive review of the supporting documents of all claims before payments are made to the respective claimants, to ensure that these are complete and free from errors and/or deficiencies. Further, we recommend for the immediate refund of claims disallowed in audit. Exert extra effort to review computation on payment of salaries and wages to ensure accuracy of the amount paid.

2.3 Banaoang Pump Irrigation Project (BPIP) ­ San Ildefonso, Ilocos Sur Loan Account No. ­ China Nat'l Const.& Agr.Machinery­CHI­1

A. Procurement of Consulting Services, Civil Works and Goods

Lots purchased for Right of Way with an accumulated amount of P50,221,965.95 were not evidenced by either Original Certificate of Title/Transfer Certificate of Title or by a Torrent drawn in the name of BPIP, hence the office cannot claim full ownership of these lots, in violation of Section 449 of the GAAM.

Continue to process the titling and/or registration from the Register of Deeds to claim full ownership of these lots and render the financial statement fair in its presentation.

All lots acquired by the office through sale, or any similar mode of acquisition shall be recorded and reported in the inventory report. It is imperative therefore that the above reports shall be given priority to reconcile the inventory reports and the general ledger.

Monitor the status and recordkeeping of the lot transferred and maintain Real Property Card (RPC) for each real property, to record the location based on the title and other source documents. The Total Value of the real properties appearing in the RPCs shall be reconciled periodically with the control accounts.

B. Financial Performance

Cash Advances of regular disbursing officers and Due from Officers and Employees totaling P688,377.12 were not liquidated at year­end contrary to Section 5.8 of COA Circular No. 97­002.

Stop the withdrawal of checks for cash advances at year­end. Under COA Circular 97­002, cash advances of previous years cannot be used to pay expenses of other years. All cash advances must be liquidated at year­end. The Accountant shall be held liable for cash advances drawn at year­end and not liquidated within that year.

Exert effort to liquidate the outstanding cash advances granted to the officials and employees, otherwise, refund must be imposed.

29

OBSERVATION RECOMMENDATION Interest earned from the bank deposits (Fund 102) amounting to P55,302.86 was not remitted to the National Treasury pursuant to the provisions of the GAA of 2008 and Section 65 of PD 1445.

Advise the Accountant to remit the accumulated amount of interest earned from bank deposits to the National Treasury in compliance with the herein provisions of law.

Audit disallowance amounting to P35,200.00 had not been settled as of year­end 2008 in violation to Section 9.1 of the Revised Manual on Certificate of Settlement and Balances (CSB).

Management is advised to hold in abeyance payments of similar forms of honoraria not covered by DBM Budget Circular No. 2003­05 dated September 26, 2003 pending issuance of decision by the COA Central Office.

The subject disallowance if later found sustained and affirmed by the Commission should be properly booked­up in the accounting books and direct the persons determined liable for the immediate settlement thereof.

Laws, rules and regulations governing the grant and utilization of cash advances were not strictly followed and adhered to particularly under Section 174 of the GAAM, Volume I and Section 89 of PD. 1445, the Government Auditing Code of the Philippines.

The provisions of existing laws, rules and regulations in the grant, utilization and liquidation of cash advances are very clear and should be strictly enforced. No additional cash advance shall be allowed to any officials or employees unless the previous cash advance given to him or her is first settled or proper accounting thereof is made pursuant to Section 89 of PD 1445.

Avoid excessive withdrawal of cash advances for miscellaneous expenses and maximize the use of checks in paying regular and routinary expenses especially when large amounts are involved. Cash advance shall be used only for the specific legal purpose for which it was originally granted and intended for use.

The rental of private motor vehicles which had accumulated to P10,668,750.00 as of December 31, 2008 is still being practiced contrary to Section 76, Book IV of the Administrative Code of 1987.

Management should continue taking proper evaluation of these expenditures which consume most of its funds and resources. Since the project is nearing completion, the services of these rented vehicles can now be terminated and maximize the utilization of the three RP vehicles as stated­above which is often idle and at the garage when not in use by the officials concerned during official travel outside of the province.

C. Physical Performance

The validity, existence and propriety of the recorded PPE amounting to P129,514,448.31 was not ascertained due to inadequacy of records and the failure of management to conduct physical inventory of its fixed assets as required under Section 490 of the GAAM Volume 1.

Conduct a physical inventory of all the recorded assets of the agency at least once a year to prove and validate the existence, propriety, integrity, conditions and whereabouts of these properties and render the financial statements fair in its presentation.

30

OBSERVATION RECOMMENDATION Designate a permanent employee who is duly covered with the fidelity bond of the Treasury to act as Officer­in­Charge of the Property Section who may be assisted by a well­trained and knowledgeable employee in the procurement process of the agency and the proper safeguarding of assets against loss and wastage. Reconciliation between the accounting and property records shall also be made to prove the integrity of each record and any difference should be adjusted.

2.4 Southern Philippines Irrigation Sector Project (SPISP) Loan Account No. ­ ADB1668 PHI

A. Financial Performance

The accuracy of PPE account balance of P504,268,718.35 remained unsubstantiated because of (1) non­maintenance of accounting records/ subsidiary ledgers (SL) to reconcile with the property records, and (2) failure to conduct annual physical count and non­submission of Physical Inventory Report for SPISP.

Conduct detailed review and analysis of the PPE accounts and determine the composition to establish their validity.

The year­end balance of Cash amounting to P97,724,951.97 was unreliable due to a) inadequacy of subsidiary records to substantiate cash accounts, b) absence of reconciliation between cash in bank recorded in the books amounting to P95,861,718.34 and bank balances, and c) unrecorded deposits on collections amounting to P516,099.91.

Maintain subsidiary records to support the account balances.

Construction in Progress and Other Payables accounts were overstated by P338,763.92 due to erroneous accounting entries made to record the cash equivalent of the application for leave of absence with pay and monetization of earned leave.

Review accounting entries made on the CIP account and monetization of earned leave and applied leave of absence with pay.

Cash advances granted to officers and employees for official travel and for other purposes totaling P3,615,548.43 remained unliquidated beyond the prescribed period.

Direct all concerned officers and employees to settle immediately their unliquidated cash advances, reconcile advances with negative balances, monitor closely the liquidation of outstanding cash advances, send written reminder prior to the lapse of the reglementary period on the submission of the liquidation report, and stop the practice of granting additional cash advances to those who have unliquidated balances.

Taxes withheld and other contributions/deductions totaling P8,724,519.96 remained unremitted at year end, thus, depriving the government of immediate utilization of the amount and exposing government funds to possible misappropriation/ misapplication, contrary to Section 5 of Revenue Regulation No. 10­ 2008, Section 6 of PD 1146, Section 20 of National Health Insurance Act of 1995 and Section 22 of PD 1752.

Reconcile remittances against deductions made and facilitate the remittance to Bureau of Internal Revenue (BIR), Government Insurance system (GSIS), Philhealth, and Pag­ibig to other agencies pursuant to pertinent rules and regulations.

31

OBSERVATION RECOMMENDATION Per diems were claimed by Gibong RIS officials and employees in attendance to seminars and trainings conducted under SPISP tantamount to double payment by P128,480.00.

a) Require Mr. Alcarde to submit explanation relative to certification made on the expenses claimed by the RIS officials.

b) Require each participant to refund the amount claimed as per diems which tantamount to double payment with a total amount of P128,480.00.

It is also suggested that the agency should strictly comply with EO 298 which prescribes rules and regulations, and rates of allowances for official travels of government personnel.

Expenses incurred by the Agency head during the Irrigation Superintendents Association of the Philippines (ISAPHIL) Board of Directors meeting amounting to P8,461.00 were inappropriately reimbursed from SPISP funds and claims on per diems allowable during local travel exceeded by P6,185.00.

Return the amount incurred for ISAPHIL board meeting to SPISP fund amounting to P8,461.00. Registration fees of P5,000.00 which were collected from each participant should be utilized for its purpose.

Moreover, with regard to the registration fee of P5,000.00 for a three days meeting, attention is hereby invited on the provisions of National Budget Circular (NBC) No. 486 dated March 26, 2003 relative to the cost of participation of government officials and employees in conventions, seminars, conferences, symposia and similar non­training gatherings sponsored by non­ government organizations or private institutions.

Claims for reimbursement of actual travel expenses in excess of the travel expenses authorized in EO 298 may be allowed upon certification by the head of the agency as absolute necessary in the performance of an assignment and presentation of bills and receipts, hence, submission of the said certification is needed for verification.

Accumulated net interest earned on bank accounts as of December 31, 2008 amounting to P946,509.34 under Fund 102 SPISP remained unremitted to the National Treasury contrary to Sec. 3, General Provisions of GAA and Sec. 65 of PD 1445.

This is a reiteration of the previous years' recommendation to deposit to the BTr the total accumulated net interest earned amounting to P946,509.34.

Book the unrecorded net interest earned on bank accounts maintained by ADS PIO with the following entries:

Debit Credit Cash in Bank­Local 43,344.65

Currency, Current Account Due to National Treasury 43,344.65

Insufficient documentation of rentals of service vehicles charged to SPISP Cantilan projects amounting to P1,121,897.15 casts doubts on the validity of the claims.

Submit proof that the vehicles were actually utilized to projects being billed. In the absence of such documents, rents paid thereon shall be disallowed in audit. Also, submit proof that the vehicles rented were not acquired/procured by project funds.

32

OBSERVATION RECOMMENDATION The amount of P576,341.78 representing personal services expenses of four (4) COB Personnel were billed and paid out of the loan proceeds of SPISP without appropriate legal basis, thus, it was disallowed in audit.

Require persons liable to return the amount of P576,341.78 to the project fund of SPISP.

B. Physical Performance

The LBC Packages 1 to 8 of SPISP Cantilan Irrigation System totaling P93,747,610.13 with 33.07% average physical accomplishment as of December 31, 2008 were not completed within the specified contract time, thus, depriving the public of the benefits that could have been derived from their immediate and maximum use.

a) Impose liquidated damages to defaulting contractors and if necessary, terminate or rescind contracts of infrastructure projects with negative slippages of more than 10% resulting from contractor's fault or negligence. Forefeit the contractor's performance bond and takeover the prosecution of the project or award the same to a qualified contractor through a negotiated contract.

b) Review and evaluate the Program of Work prepared to ensure that the project design and estimates are properly prepared and that all phases of the projects are covered to minimize variation orders and time extensions which often result to increased cost and delay in project completion.

2.5 Bago River Irrigation System Rehabilitation and Improvement Project (BRISRIP) Loan Account No. ­ JBIC PH 229

A. Financial Performance

Equipment, furniture and fixtures totaling P708,227.34 were not included in the Report on the Physical Count of Property, Plant and Equipment (RCPPE) of the Project.

Require the Property Officer to account for the equipment and furniture and fixtures not included in the RCPPE and to issue Property Acknowledgment Report (PAR) for one (1) Unit Sony Cybershot DSC­T200 and have it signed by the AA for SOME to acknowledge receipt of the said item.

The Property Officer should specify the serial number of all the equipment and review/adjust the unit value of the equipment and furniture and fixtures in the Annual Audit Report (AAR) to reflect the correct acquisition cost.

Unliquidated cash advance of Engr. Joaquin P. Palmares amounting to P386,452.50.

Require Engr. Palmares to settle his unliquidated cash advance in compliance with Section 89 of PD 1445.

Purchase of two units cellular phone for use of Property Division Personnel of NIA­Central Office amounting to P44,000.00.

Explain why the BRISRIP purchased cellular phones for the Property Division Personnel of NIA­Central Office. Stop the practice of using project funds for other expenditures not supportive of its objectives and mission.

Failure of the Collecting and Disbursing Officer to submit the Reports of Checks issued.

Require the Special Collecting and Disbursing Office to submit immediately the required reports pursuant to Section 100 of PD 1445.

33

OBSERVATION RECOMMENDATION B. Physical Performance

Payment of registration fee in excess of the prescribed rate amounting to P2,800.00.

Require the employees concerned to refund the excess amount of P2,800.00. Registration fee in excess of the prescribed rate should be at the expense of the participant.

2.6 Central Luzon Irrigation Project / Casecnan Multi­purpose Irrigation & Power Project (CMIPP) Loan Account No. ­ JBIC PH 196

A. Financial Performance

Claims for price escalation of contractors of the NIA­ CMIRI and Power Project in the total amount of P330,489,417.16 covering the period from December 2007 to December 2008 are not supported with the approval of the NEDA and the Government Procurement Policy Board (GPPB), required under Section 61, RA 9184 and implemented under Appendix B­Guidelines for contract price escalation issued through GPPB Resolution 07­2004 dated July 22, 2004.

Submit approval of NEDA and the GPPB on the above claims for price escalation.

The Accounting Office failed to adjust the CIP account totaling P1,590,011,002.82 to the appropriate asset accounts.

Considering that the CMIPP is about to wind up, we recommend that the Project Accountant classify and transfer the CIP account to appropriate asset account. See to it that accurate cost is established and tallied with the property records. Close the Public Infrastructure to Government Equity account and then record in the Registry of Public Infrastructures.

The accuracy of the PPE account totaling P36,778,563.03 is doubtful due to lack of Subsidiary Ledger (SL).

For the Property and the Accounting Sections, reconcile pertinent records on PPE. Close to the appropriate asset accounts all adjusted figures in the CIP accounts. Book all assets received and transferred from/to other NIA offices concerned.

The Cash in Bank ­ Local Currency Account reflected in the financial statements at P12,183,597.97 is doubtful due to discrepancy of P18,920.18 that existed between the general ledger and the bank statement.

Adjust these identified reconciling items and continue to locate other errors to reconcile the books.

4. Department of Agrarian Reform 3.1 Agrarian Reform Communities Project (ARCAP)

Loan Account No. ­ ADB1667 PHI

A. Financial Performance

PPE were understated by P320,000.00 due to unrecorded acquisitions, thereby risking the assets to irregularities and misuse. (Region III)

Effect adequate controls over PPE accounts to safeguard agency assets. Request from DAR Central Office complete documentation supporting the motor vehicles and appropriately record the accounts in the books.

34

OBSERVATION RECOMMENDATION The agency could have saved the amount of P24,457.00 on various administrative costs had better controls been adopted in line with Section 1.a.5 of AO 103 dated August 31, 2004 and Section 2 and 4(4) of PD 1445 and COA circular No. 85­55A. (Region XI)

Set standards in determining the nature and activity that entails expenses necessary for hotel and meals accommodation as well as for representation expenses. Consider the possibility of traveling allowances granted to traveling personnel by their official station to avoid duplication and excessive payment. Limit expenses to what is reasonable, necessary and provided for in the WFP of each project.

B. Physical Performance

The final billing for rehabilitation of San Isidro Cabasagan – Sitio Dau – Pendulunan FMR project in Lala, Lanao del Norte, which was considered completed in September 2007, remained unpaid amounting to more or less P3.4 million due to closure/termination of related foreign­assisted project. (Region X)

Coordinate with DAR Provincial Officers (DARPO) and jointly make representations with DAR Central Office for the immediate release of the amount equivalent to unpaid billed balance due to the contractor.

3.2 Agrarian Reform Infrastructure Support Project, Phase II (ARISP II) Loan Account No. ­ JBIC PH­P203

A. Financial Performance We recommend the following: Long outstanding unliquidated cash advances to

various LGUs aged over 91 days to over two years totaling P105,745.00 at DARPO – Davao Oriental as at 31 December 2008 overstated the total reported cash and understated the reported expense, contrary to Section 89 of PD 1445 and COA Circular No. 97­ 002. (Region XI)

a. For Accountant, monitor the submission of liquidation reports and send follow­up letters to the LGUs and NGAs concerned requiring them to submit liquidation reports for outstanding cash advances.

b. Provide sanctions in the Sub­Project Agreement entered into by and between the PAROs and the LGUs to enforce execution of the projects within the specific time frame and subsequently the submission of liquidation reports on time.

c. For the Accountant, request for write­off of the undocumented advances; and

d. Consider the immediate liquidation of these advances as among the indicators in rating the job performance of the officers, employees and their immediate supervisors.

Payments of fuel, oil and lubricants amounting to P29,251.47 were suspended in audit due to non­ submission of MFCR in violation of COA Circular No. 77­61 and Section 28 of the NGAS manual, thus, a timely review of the propriety and reasonableness of the disbursements could not be conducted. (Region XI)

For the Administrative Officer thru the CARPO for Administration, submit the MFCR regularly following the format as required under COA Circular No. 77­61 for review and verification to determine the reasonableness and propriety of the fuel and oil consumption during the period.

Submit an updated list of all government motor vehicles and motorcycles, including the names of project where the vehicle is assigned to facilitate the timely review and analysis of the gas and oil expenditures.

35

OBSERVATION RECOMMENDATION For control purposes, formulate measures in the issuance of purchase order/authority for gasoline withdrawals unless the required reports of fuel consumption are submitted covering the period that official travels were undertaken.

3.3 Agrarian Reform Infrastructure Support Project, Phase III (ARISP III) Loan Account No. ­ JBIC PH­P242

A. Financial Performance

The reliability of the reported cash account balances could not be ascertained because bank reconciliation statements supporting cash balances totaling P187,161.00 were delayed or not submitted for audit, which is not in conformity with Sections 74 and 100 of P.D. 1445. (Region III)

Require the Accountant to strictly comply with the provisions of Sections 74 and 100 of PD 1445.

Require the concerned officials to effect internal control measures, as follows:

Control breakdowns on the use of motor vehicles totaling P8,170,600.00 which is not in accordance with Section 361 of GAAM, Vol. 1, Sec. 24 of COA Circular 2000­005 dated October 4, 2000 and Sec. 56 of the NGAS manual, Vol. II, resulted in doubtful ownership, rights and obligations over said asset. (Region III)

a. Coordinate with DAR­Central Office regarding the transfer of complete documents supporting the motor vehicles for the transfer of ownership of motor vehicles to concerned DARPOs. Likewise, cause the registration bearing private plate to government plate and the marking of “For Official Use Only”.

b. Require the concerned officials or Property Officers to renew the PAR to properly pinpoint or establish accountability.

c. Strengthen internal control by ensuring compliance to laws, rules and regulations and monitoring such compliance. If said vehicle is still being used by the former PARO, require the transfer of ownership to the Provincial Office where the PARO is assigned.

PPE were understated by P323,700.00 due to unrecorded acquisitions, thereby risking the assets to irregularities and misuse. (Region III)

Effect adequate controls over PPE accounts to safeguard agency assets. Request from DAR Central Office complete documentation supporting the motor vehicles and appropriately record the accounts in the books.

The validity and existence of the recorded liabilities totaling P50,450.00 at DARPO – Bataan could not be ascertained due to non­submission of the necessary documents, which is contrary to Sections 1.2 and 1.3 of DBM Circular Letter No. 2004­2 and the prescribed accounting controls. (Region III)

Require the Accountant of the concerned DAR office to submit the necessary documents supporting the liability accounts to prove their validity and existence, otherwise these expenses will be subject of disallowance in audit. We further recommend that management of DARPO – Bataan reclassify the Accounts Payable account to Due to Officers and Employees account amounting to P50,450.00 for a reliable financial statements.

3.4 Agrarian Reform Communities Development Project Phase II (ARCDP II) Loan Account No. ­ IBRD 7152 PH

36

OBSERVATION RECOMMENDATION A. Financial Performance

The reliability of the reported cash account balances could not be ascertained because bank reconciliation statements supporting cash balances totaling P749,377.14 were delayed or not submitted for audit, which is not in conformity with Sections 74 and 100 of P.D. 1445. (Region III)

Require the Accountant to strictly comply with the provisions of Sections 74 and 100 of PD 1445.

The PPE account balances at DARPO ­ Zambales totaling P833,817.00 were not supported with Report on the as prescribed under Sec. 66 of the New Government Accounting System (NGAS) Manual, Vol. II. (Region III)

Require the Property Officer to submit at year end the RPCPPE as prescribed under Section 66, Vol. II of the NGAS Manual to establish the reliability of the recorded PPE as of December 31, 2008.

The validity and existence of the recorded liabilities totaling P180,888.50 at DARPO – Bataan could not be ascertained due to non­submission of the necessary documents, which is contrary to Sections 1.2 and 1.3 of DBM Circular Letter No. 2004­2 and the prescribed accounting controls. (Region III)

Require the Accountant of the concerned DAR office to submit the necessary documents supporting the liability accounts to prove their validity and existence, otherwise, these expenses will be subject of disallowance in audit.

Direct the thirty seven (37) employees of PARO Bohol and PARO Negros Oriental to refund the honoraria received by them totaling P227,460.00 pursuant to Section 103 of PD 1445 which provides that “expenditure of government funds or uses of government property in violation of law or regulation shall be a personal liability of the official or employee found to be directly responsible therefore”.

Payment of honoraria totaling P227,460.00 to the officials and employees of the PAROs of Bohol and Negros Oriental designated to assist in the implementation of the World Bank (WB) foreign assisted project ARCDP II is contrary to the DBM National Budget Memorandum (NBM) No. 99, Budget Circular No. 2007­2 dated October 1, 2007, Section 46 of the General Provision (GP) of RA No. 9401 and Special Order (SO) 377 series of 2004, thus, resulting in the irregular unnecessary disbursement of government funds for P98,400.00 and P129, 060.00, respectively. (Region VII)

Strictly observe the condition/provision of SO No. 16­A and existing laws and regulations on the proper disbursements of government funds.

For PARO Negros Oriental, revisit the existing policy on honoraria and strictly observed the condition/revision of SO No. 377.

Direct the employees concerned the refund of P282,993.75 which was disbursed for the exposure trip to Negros Oriental.

The incurrence of the total amount of P282,993.75 for the traveling expenses of PARO Bohol personnel during the exposure trip to Negros Oriental using the funds of ARCPD II – loans proceeds was contrary to Section 44 of the GP of RA 9498 and Sections 1.a.2 and 1.a.5 of the Administrative Order No.103, resulting in the unnecessary and irregular disbursements of government funds. (Region VII)

Otherwise, all those who granted the same are responsible thereof pursuant to Section (4 of PD 1445 which states that “Fiscal responsibility shall, to the greater extent, be shared by all those exercising authority over the financial affairs, transactions and operations of the government agency.”

Moreover, stop incurring expenses for unnecessary travels.

3.5 Solar Power Technology Support to ARC, Phase II (SPOTS II) Loan Account No. ­ ICO USD 13.495 M

37

OBSERVATION RECOMMENDATION A. Financial Performance

The reliability of the reported cash account balances could not be ascertained because BRSs supporting cash balances totaling P280,142.08.00 were delayed or not submitted for audit, which is not in conformity with Sections 74 and 100 of P.D. 1445. (Region III)

Require the Accountants to strictly comply with the provisions of Sections 74 and 100 of PD 1445

No depreciation was provided for PPE of DARPO – Zamboanga del Sur costing P1,620,902.00 as of December 31, 2008, as required in Section 4 of the NGAS manual, Vol. 1, thus overstating the net book value of PPE by an amount equal to the allowance for depreciation. (Region IX)

For the Accountant, compute the depreciation of each PPE item based on the PPE subsidiary ledgers/records/documents.

The issuance of a Purchase Order (PO) at DAR Regional Office for food and accommodation nine months after the services were rendered defeated the purpose for which the contract was entered into and resulted to the understatement of the expenditure and liability accounts by P36,600.00. (Region IX)

Refrain from undertaking any activity prior to the perfection of the contract and adhere to the basic requirements of a contract.

Several seminars, trainings and conferences amounting to P487,496.70 were conducted in various high class hotels contrary to Section 396 of GAAM, Vol. I. (Region X)

Conduct seminars, trainings and conferences that would only entail minimal cost to the government by utilizing the existing conference room.

For the Administrative Officer thru the CARPO for Administration, submit the MFCR regularly following the format as required under COA Circular No.77­61 for review and verification to determine the reasonableness and propriety of the fuel and oil consumption during the period.

Payments of fuel, oil and lubricants amounting to P60,184.93.00 were suspended in audit due to non­ submission of monthly reports of fuel, oil and lubricants consumption in violation of COA Circular No. 77­61 and Section 28 of the NGAS manual, thus, a timely review of the propriety and reasonableness of the disbursements could not be conducted. (Region XI) Submit an updated list of all government motor

vehicles and motorcycles, including the names of project where the vehicle is assigned to facilitate the timely review and analysis of the gas and oil expenditures.

The agency could have saved the amount of P51,575.00.00 on various administrative cost had better controls been adopted in line with Section 1.a.5 of AO 103 dated august 31,2004 and Section 2 and 4(4) of PD 1445and COA Circular No. 85­55A. (Region XI)

Set standards in determining the nature and activity that entails expenses necessary for hotel and meals accommodation as well as for representation expenses. Consider the possibility of traveling allowances granted to personnel by their official station to avoid duplication and excessive payment. Limit expenses to what is reasonable, necessary and provided for in the work and financial plan of each project.

An equivalent amount of P41,280.00 meals and accommodations were paid but not availed by the Agency in violation of Section 123 of PD 1445 and Section 482 of GAAM Vol. I, thus government funds was unnecessarily wasted. (Region XI)

Strengthen the internal control system on payment of claims to safeguard government funds from loss or wastage. To ascertain the approximate number of attendance to the seminar/training, management should send confirmation letters prior to the conduct of seminar, particularly to those participants which are not under the control of the office.

38

OBSERVATION RECOMMENDATION POs covering meals and accommodation for seminar/trainings should have a provision that charges for the 2nd day up to the termination of seminar/training are subject to adjustment based on the actual number of participants as reflected in its attendance sheets.

Make representation to the supplier for the refund of overpayment amounting to P41,280.00.

Current liabilities amounting to P97,030.40.00 were not settled before the closing of the book of accounts resulting to overstatement of liabilities and understatement of expenditures contrary to the provisions in the NGAS manual. (Region XII)

Remind the Accountant to settle any account payable within the period especially during the year or before the closing of the books of accounts to avoid overstatement of liability and understatement of expenditures.

3.6 Mindanao Sustainable Settlement Area Development (MINSSAD) Project Loan Account No. ­ JBIC PH­P222

A. Financial Performance Several seminars, trainings and conferences amounting to P178,409.16 were conducted in various high class hotels contrary to Section 396 of GAAM, Vol. I. (Region X)

Conduct seminars, trainings and conferences that would only entail minimal cost to the government by utilizing the existing conference room.

Disbursement of funds amounting to P665,232.48 recorded under Training Expenses, Account 753, were inadequately supported with documents thus, the assertions on the regularity and validity of the claims could not be established in violation of Section 4(6) of PD 1445. (Region XI)

For the Accountant, require to strictly enforce the submission of the accomplishment reports including the lists of the recipients of the seedling materials to prove the regularity of the claims to safeguard government funds.

We recommend the following:

a. The Accountant should monitor the submission of liquidation reports and send follow­up letters to the LGUs and NGAs concerned requiring them to submit liquidation reports for their outstanding cash advances.

Long outstanding unliquidated cash advances to various LGUs, NGAs and Non­government Office/People’s Organization (NGOs/POs) aged over 91 days to over two years totaling P266,732.05 as of December 31, 2008 overstated the total reported cash and understated the reported expense, contrary to Section 89 of PD 1445 and COA Circular No. 97­ 002. (Region XI) b. For Management provide sanctions in the Sub­

Project Agreement entered into by and between the PAROs and the LGUs to enforce execution of the projects within the specific time frame and subsequently the submission of liquidation reports on time.

c. For the Accountant, request for write­off of the undocumented advances; and

e. For Management, consider the immediate liquidation of these advances as among the indicators in rating the job performance of the officers, employees and their immediate supervisors.

39

OBSERVATION RECOMMENDATION For the Administrative Officer thru the CARPO for Administration, submit the MRFC regularly following the format as required under COA Circular No. 77­61 for review and verification to determine the reasonableness and propriety of the fuel and oil consumption during the period.

Payments of fuel, oil and lubricants amounting to P131,744.89.00 were suspended in audit due to non­ submission of monthly reports of fuel, oil and lubricants consumption in violation of COA Circular No. 77­61 and Section 28 of the NGAS manual, thus, a timely review of the propriety and reasonableness of the disbursements could not be conducted. (Region XI) Also, submit an updated list of all government

motor vehicles and motorcycles, including the names of project where the vehicle is assigned to facilitate the timely review and analysis of the gas and oil expenditures.

The agency could have saved the amount of P65,838.00 on various administrative costs had better controls been adopted in line with Section 1.a.5 of AO 103 dated August 31, 2004 and Section 2 and 4(4) of PD 1445 and COA Circular No. 85­55A. (Region XI)

Set standards in determining the nature and activity that entails expenses necessary for hotel and meals accommodation as well as for representation expenses. Consider the possibility of traveling allowances granted to personnel concerned by their official station to avoid duplication and excessive payment. Limit expenses to what is reasonable, necessary and provided for in the WFP of each project.

B. Physical Performance

For the PARO representing DARPO – Davao Oriental, the lead agency of the project, coordinate with the LGUs concerned which are the recipients of the project and look for possible means to retrieve/transport the school chairs from the manufacturer at Agusan del Sur to the intended beneficiaries of Cateel Settlement Area, Davao Oriental.

Thirteen completed classroom projects for the Settlement Area in Cateel, Davao Oriental amounting to P6,540,520.66.00 were not utilized due to lack of school chairs, thus the objective to deliver quality education thru the provision of safe, comfortable, adequate and durable classroom may not be fully attained, contrary to the provisions of the MINSSAD Implementation Manual, Volume I­G, School Building Infrastructure Development. (Region XI) As provided in the implementation manual, it is the

responsibility of the LGU concerned to ensure the proper operation and maintenance of the school building upon completion of the projects. Government funds intended and used for a specific project should be utilized efficiently and effectively in accordance with its mandate.

For prospective projects, management should primarily consider the availability of the suppliers and materials in the locality where the recipients are located in order to save time and effort. Moreover, the Sub­Project Agreement should specifically provide the responsibilities of both parties.

Of the four (4) Water Supply System Projects amounting P21,781,140.02 implemented through MINSSAD funds, only two (2) were completed after the lapse of implementation period, thus depriving the rural folks/farmers the immediate use and benefits had the projects been completed.

For DAR – Surigao del Norte, fast track the implementation of the four (4) water system projects in coordination with the LGUs. Management should notify in writing the concerned LGUs regarding the delay in the implementation of the water system projects and identify problems encountered and take appropriate actions to ensure project completion.

40

OBSERVATION RECOMMENDATION 3.7 Northern Mindanao Community Initiative and Resource Management Project (NMCIRMP) Loan Account No. ­ IFAD 0577­PH

Taxes withheld from suppliers totaling P558,531.03.00 as at December 31, 2008 were not remitted to the BIR in disregard of BIR Regulation 2­ 98. (Region XIII)

Require the Accountant to remit immediately the taxes withheld from the suppliers. Direct the Cashier to update the preparation and submission of Report of Checks Issued (RCI) and disbursement vouchers and to update remittances of taxes withheld from suppliers and to comply with BIR regulations.

The accounts payable totaling P14,541,605.80 as of December 31, 2008 includes an amount of P12,946,766.40 with no valid claimants thus overstating the reported balance. (Region XIII)

Require the reversion of accounts payable without valid claimants and not covered by perfected contracts on record and observe rules and regulations relative to the booking up of accounts payable.

Unused balances of funds released by ARISP II and MINSSAD Projects to NIA and DPWH totaling of P11.406 million were not returned to the projects which is not in keeping with COA Circular 94­013. (Region XIII)

Request NIA and DPWH to return immediately to ARISP II and MINSSAD Projects the unused balances of funds or remit them to the BTr in the name of the projects.

Management failed to remit P320,282.72 ending balance of Cash in Bank – LCCA to the National Treasury in violation of the provisions stated in the EO No. 388 dated May 17, 1997 and DBM and DOF Joint Circular No. 1­97 dated January 2, 1997, thus depriving the government the needed cash to maximize the use of its scarce resources. (Region IV­ B)

Remit to the National Treasury in compliance with the provisions set forth under EO No. 338 and Budget Circular No. 488.

B. Physical Performance

The DAR­IFAD NMCIREMP failed to complete the 18 infrastructure projects programmed for implementation for the CY 2008, thereby depriving the beneficiaries of the benefits that the projects may provide to them and its objectives were not attained as planned. (Region XIII)

Observe proper and strict supervision and monitoring of projects to attain the objectives of the projects and programs of the government. Since the program was subsidized through government loan, wherein the government shouldered and paid the interest expense, the implementation of targeted projects should be closely monitored to immediately address the financial crisis we are suffering now especially those living in remote areas.

The Rural Water System sub­projects of ARISP II and MINSSAD with total costs of P7.498 million and P6.217 million, respectively, were considered either defective or significantly delayed in their implementation. As a consequence, the intended beneficiaries were deprived of the immediate use and benefits expected from these subprojects and government funds appeared to have been wasted. (Region XIII)

Request NIA and DPWH to return immediately to ARISP II and MINSSAD Projects the unused balances of funds or remit them to the BTr in the name of the projects.

41

OBSERVATION RECOMMENDATION 3.8 Second Land Administration and Management Project (SLAMP) Loan Account No. ­ IBRD 7298 PH

A. Financial Performance The total balance of receivables as appearing in the financial statements of SLAMP at year end is overstated by P647,128.45 due to the inappropriate and irregular transfer of the account Due From Other Funds of FLAMP to the books of accounts of SLAMP.

For the Accounting Division, close all the accounts of FLAMP to Fund 101. Also, close the Due From Other Funds to Government Equity and remit the corresponding cash balance that was deposited in the trust fund to BTr. Further charges to the account would be suspended and/or disallowed in audit as the circumstances warrant.

4. Municipal Development Fund Office (MDFO) 4.1 Community Based Resources Management Project (CBRMP)

Loan Account No. ­ IBRD 4299 PH

4.2 Local Government Finance and Development Project (LGFDP) Loan Account No.­ IBRD – 4446­PH

A. Financial Performance

The balance of PPE per accounting books and per physical count of P46,150,156.79 and P42,325,203.53, respectively, differed by P3,824,953.26 as of December 31, 2008.

Review, analyze and reconcile the net reporting differences of P3.825 million and to make adjustments, if necessary, to correct the balance of the accounts.

B. Others

No Report on the Physical Count of Inventories (RCPI) amounting to P656,629.26 as of December 31, 2008 was submitted to the Auditor contrary to Section 43 of the NGAS manual, Volume I.

Require the Property Officer to prepare and submit the RPCI to the Auditor not later than July 21 and January 31 of each year for the first and second semesters respectively in accordance with the prescribed format in Appendix 62 of the NGAS manual.

PPE totaling P37.187 million were not insured against any insurable risk with the GSIS contrary to Administrative Order No. 141 dated August 12, 1994.

Insure with the GSIS­General Insurance Fund Office equipment, furniture and fixtures, IT equipment, communication equipment and sports equipment of MDFO against fire, theft and possible loss in compliance with Section 489, Chapter 2 of GAAM volume I.

5. Laguna Lake Development Authority 5.1 Laguna de Bay Institutional Strengthening & Community Participation Project (LISCOP)

Loan Account No. ­ IBRD 7205 PH

A. Financial Performance Reimbursement amounting to P1,724,817.75 was not supported by official receipts and/or other documents evidencing the incurrence of expenditures.

Require the concerned Consultants to submit official receipts and/or other documents evidencing the incurrence and payments of expenditures reimbursed.

No official receipts were received for the payments made to Ms. Evelina P. Alvarado for consultancy fees amounting to P700,000.00 contrary to existing BIR ruling.

Require Ms. Alvarado to issue official receipts for all payments received from the Authority.

42

OBSERVATION RECOMMENDATION Compensation of Ms. Nelflor Atienza and Mr. Bedo Kennedy Simon were more than the rates authorized under Section 4.1 of National Budget Circular (NBC) No. 433. Likewise, during the year, Mr. Simon’s monthly compensations were increased even if the scope of his work per terms of reference did not change when compared with last year’s scope of work.

Strictly implement the provision of Section 4.1 of NBC No. 433.

The Reporting and Monitoring Systems being adopted within the Authority are not working effectively, hence, deficiencies and/or problems encountered in the implementation of the sub­projects being implemented by the LGUs were not properly communicated/reported to the concerned authorities.

Mediate between the Mayor of Tanay and the representative of the Indigenous Peoples (IPs) of Tanay to resolve the issues and concerns of the IPs. If necessary, withhold funds due the Municipality of Tanay until such time that such issues and concerns are resolved

Require the LLDA personnel and the Consultant concerned to inform thru the LISCOP­Project Manager, the concerned City/Municipal Mayor as regards the issues/problems encountered in the implementation of the LISCOP sub­projects; and

Ensure that all issues and concerns are resolved first before proceeding in the implementation of the project so as to avoid dissatisfaction on the part of the implementing LGU.

B. Physical Performance

The expected outputs of four consultants as stated in the terms of reference of their consultancy contracts were not accomplished.

Require the concerned consultants to submit copy of the expected reports to the Auditor’s Office to support their claim for consultancy fees; and ensure that all the conditions stated in the consultancy contracts are complied with before payment is made.

6. Philippine Economic Zone Authority (PEZA) 6.1 Special Economic Zones Environmental Management Project (SEZEMP)

Loan Account No. ­ JBIC PH­183

B. Financial Performance

Delay on the part of the consultant in determining the non­viability of the SEZEMP particularly of the construction cost, at the early stage of the procurement process which resulted in the incurrence of unnecessary cost, non­implementation of the project and the eventual closing/cancellation of the loan.

Impose sanctions on the consultant for his failure or neglect to conduct a review of the financial feasibility report and declare the project non­viable at the appropriate time which failure or neglect resulted to the incurrence by the agency unnecessary costs including payment of loan interest.

Despite non­implementation of the SEZEMP project under Loan PH­183, payment for local consultancy services was continuously made in the total amount of P1,790,766.00 contrary to the terms and conditions of the contract particularly on the work schedule thereof and paying interest charges of P1,246,522.00.

Effect payment for consultancy services if in accordance only with the work schedule as agreed upon. Suspend the consultancy services pending concurrence of JBIC on the request of PEZA to revise the Terms of Reference (TOR) and reducing the scope of work.

43

OBSERVATION RECOMMENDATION Management failed to impose the Value Added Tax (VAT) amounting to P1,434,932.00 on the payment of consultancy services to TCGI Engineers in violation of Section 102 of the National Internal Revenue Code as amended by Sec. 3 of RA No. 7716, resulting in the understatement of the tax liability of the agency by the same amount.

Impose the VAT on the consultancy services equivalent to P1,434,932 and remit the same to the BIR to avoid penalties and/or other sanctions.

Erroneous treatment of various items of the project in violation of Paragraph 6.05 of the Consultancy Contract and Paragraph 21 of the Statement of Financial Accounting Standards (SFAS) resulted in the understatement of Land and Land Improvement­ In­Process account by P663,146.67

Make adjusting entries.

II. Social Reform and Community Development Sector

1. Department of Budget and Management 1.1 Second Social Expenditure Management Program (SSEMP)

Loan Account No. ­ IBRD 7118 PH

A. Physical Performance

The ocular inspection of the project revealed that it is more than the reported 94.95% accomplishment as stated in the approved Statement of Work Accomplished. The project is still suspended due to political interventions on the roofing design of the classrooms.

Cause the immediate corrective measures to be undertaken before the issuance of the Certificate of Acceptance.

B. Others

In the initial review of the contract for this project, we noted that some documents were not submitted.

Cause immediate submission of the requirements to facilitate review of the contract.

2. Department of Education (DepEd) 2.1 National Program Support to Basic Education Project (NPSBEP) Loan Account No. ­ IBRD 7393 PH

Financial Performance

Cash advances for school MOOE totaling P124,000.00 were granted to elementary and secondary School Principals/Heads under the Division of Toledo City despite their non­compliance with the requirements for the grant of cash advance resulting in the inequitable allocation of the School MOOE funds under the project for CY 2008.

For the Division Office, ensure strict compliance with the requirements for the grant of cash advance as stated in Sections B.1.2 and C, Volume 1 of the Manual on Simplified Accounting Guidelines for Use of Non­Implementing Units/Schools.

In Region III, scaffoldings with remaining value of P137,755.39 programmed as paid item in the program of work were not returned which should be left after the building is constructed, hence, the school is deprived of the remaining cost of the scaffolding.

Demand a refund from the contractors corresponding to the amount of scaffolding and ensure the return of scaffoldings after completion of construction.

44

OBSERVATION RECOMMENDATION B. Others

There was double recording in Statement of Expenditures No. 31 amounting to P461,000.00 on reimbursement for the implementation of various activities of Division Office – Cebu City reflected in the SIP in relation to the institutionalization of the SBM­BESRA, thus overstating expenses.

Require the Accountant to thoroughly review the Statement of Expenditures before submission to the WB for reimbursement. Prepare a revised SOE for submission to WB for adjustment and furnished the COA.

Non­implementation and slow implementation of programmed activities to be funded through the loan allocated at P2.4 billion resulted in not fully achieving the Program’s objectives and increasing commitment fees to be paid by the Government.

For PMO, properly monitor its activities, review and determine further cause/s of slow/non implementation of loan drawdowns in order to avoid or minimize payment of commitment fees by the Philippines Government. Conduct training with Operating Units on the proper preparation of SOE to hasten reimbursement.

2.2 Strengthening Implementation of Basic Education on Selected Provinces in Visayas (STRIVE)

A. Project Sustainability

The targeted programs and activities of the Division as a whole may be sacrificed due to Project STRIVE because the Division Key personnel and heads of schools are involved as trainers and coordinators who have to be out of their stations for trainings and other activities for a longer period of time thus neglecting their main duties and responsibilities which may hinder the attainment of basic quality education. Furthermore, some provisions in the guidelines were not followed which could weaken instead of strengthen the basic education in Northern Samar. (Region VIII).

Revisit the guidelines and evaluate its provisions so as not to defeat the purpose of the project. Further, review the scheme adopted thoroughly so as to avoid wastage of time, money and effort.

The backfilling scheme was not strictly followed or properly implemented leaving the classes left by the back­fillers without proper substitutes and incurring unnecessary extra compensation for back­fillers which could weaken instead of strengthen the program of attaining the basic quality education. (Region VIII)

Revisit the guidelines and evaluate its provisions so as not to defeat the purpose of the project. Further, review the scheme adopted thoroughly so as to avoid wastage of time, money and effort. Direct the Accountant to reconcile the records and make the necessary corrections and request for a refund for the excess payment to MBI. Extra compensation received by back filers should also be refunded.

3. Department of Health (DOH) 3.1 Second Women's Health and Safe Motherhood Project (SWHSMP) Loan Account No. ­ IBRD 7290 PH

A. Budget

Of the funds available for obligations totaling P232.564 million, including the continuing appropriations for CY 2007 of P174.175 million, the project reported obligations incurred of P22.332 million, registering only 9.60% rate of financial delivery.

Maximize the utilization of loan funds to obtain from the loan interest that the government is paying. Inform the DBM of the available funds amounting to P232,564,000.00 as of year­end so that no additional funds are released in 2009 for this project.

45

OBSERVATION RECOMMENDATION B. Procurement of Consulting Services, Civil Works and Goods

Only 20% of the deliverables of the contract entered into between the DOH and Isla Lipana & Co. were submitted as of 31 December 2008 after one year and four months the contract was implemented.

For PMO, monitor the submission of contract deliverables as provided in the contract to avoid delay in the implementation of their Programs. Concerned management officials should always closely monitor the implementation of all contracts entered into with third parties and see to it that the provisions with respect to the imposition of penalties for non­compliance with the provisions of contracts, specifically on the deadlines for the submission of deliverables, are always specified and complied with.

C. Financial Performance

Our audit of the Other Professional Services account revealed that the amount of P18,900.00 representing additional P50 per day subsistence allowance was paid to SWHSMP PMO staff from March to December 2007. Likewise, Collective Negotiation Agreement (CAN) cash emolument in the total amount of P130,050.00 was paid in CY 2008.

Require the PMO staff to refund the CNA incentives totaling P130,050.00 paid in 2008.

Non­monitoring of liquidation of cash advances contrary to the provisions of COA Circular No. 96­ 004 dated April 19, 1996, resulted in delayed liquidation of cash advances for travel ranging from 101 days to 150 days as of December 31, 2008 and unliquidated balances amounting to P96,249.00 or 15% of the total cash advances granted during the year.

Strictly comply with the provisions of Executive Order No 298 dated March 23, 2004 regarding cash advances for travels and issue a memorandum to all concerned to observe the required time frames in the liquidation of these cash advances. Require the employees concerned to immediately liquidate their respective cash advances. Also, require the Accountant to monitor the liquidation of cash advances for travel in accordance with the provisions of COA Circular No. 96­004 dated April 19, 1996.

D. Physical Performance

For project management, prepare quarterly progress reports to be used as a tool in monitoring project performance and to regularly prepare financial monitoring reports as required in the loan agreement to assess project funds utilization.

Our audit of the SWHSMP revealed that the project just like last FY 2007 had a low performance in utilizing the financial resources available for the year 2008. Out of its 35 targeted activities for the year 2008, only 12 or 34.29% were undertaken, 10 or 28.57% were partially undertaken while 13 or 37.14% were not undertaken. For the SWHSMP management, carefully plan the

activities for the year ended and see to it that all targets indicated in the Annual Work and Financial Plan are carried out as planned. Utilization of loan proceeds should be maximized in order to meet the objectives of the project.

Assess if the Department still has the capacity to meet those objectives within the project life span and consider canceling a portion of the loan equivalent to the funding of activities that cannot be undertaken by the Department, if any.

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OBSERVATION RECOMMENDATION E. Others

Payment of P50 per day additional subsistence allowance and CNA incentives to PMO staff that were charged to SWHSMP funds was not in accordance with the project authorized expenditures.

Require the PMO staff to refund the P50 per day additional subsistence allowance totaling P68,800.00 paid in 2007 and CNA incentives totaling P130,050.00 paid in 2008.

3.2 Upgrading of DOH Hospital (Hospital Development Project) Credit Facility Loan Account No. ­ BAC Bank of Austria Creditanstalt (216.437)

A. Budget

It was gathered that the last loan availment was in June 2004 and that the supplier was fully paid by the Austrian Bank, but the amount obligated by DOH was not yet fully liquidated because of inadequate Non­Cash Availment Authority (NCAA). The discrepancy was due to the disparity of foreign exchange rate at the time of loan availment and at the time of utilization.

For the Finance Service, request from the DBM for the additional release of NCAA to cover the difference between the foreign exchange rate used in the loan availment and the exchange rate at the time of utilization in order to fully liquidate the amount obligated for the purchase and delivery of hospital equipment.

B. Physical Performance

Our verification revealed that the Project's actual delivery of equipment was completed in 2004 but the remaining task of processing the transfer of ownership of equipment to DOH hospitals to support requisition of NCAA has not been finished as of December 31, 2006.

For the Project Development Officer­in­Charge, immediately finish the task of processing the transfer of ownership of equipment to DOH hospitals in order to complete the supporting documents for the release of NCAA.

C. Others

In our audit of the Hospital Development Project (HIP)­Credit Facility No. 216­37, an Austrian Bank/Project, we found out the latest submitted Financial Statements were as of December 31, 2002.

For the Accountant, submit the Project Financial Statements as of December 31, 2008.

3.3 National Sector Support for Health Reform Projects(NSSHRP) Loan Account No. ­ IBRD 7395 PH

A. Financial Performance

Sixty Seven percent (67%) of the targeted activities of the Project for FY 2008 were not accomplished during the year which translated to low disbursement/availment of loan proceeds, thus resulting in the payment of commitment fees amounting to P26.83 million as of December 31, 2008.

For the Project management of NSSHRP, carefully plan activities for the year and see to it that all targets indicated in the Annual Work Plan are carried out as planned and exert extra effort to accelerate the implementation of its program. Since the implementation of the project involves other government agencies, local, national and corporate sector whose programs and services are relevant to the project, DOH should work closely with these stakeholders so that specific outputs can be fully realized and targets of the project can be fully accomplished. Because of the low absorptive

47

OBSERVATION RECOMMENDATION capacity of DOH, management should bring this weakness to government policy makers for them to make appropriate action and for the possible need of partial loan cancellation to avoid payment of increasing commitment fees and other loan charges which add burden to our already debt ridden and budget tight government.

3.4 Health Sector Development Project (HSDP) Loan Account No. ­ ADB2137 PHI

A. Financial Performance Low project performance of only 39.5% as of December 31, 2008 resulted in financial utilization of 14.9% and incurrence of commitment fees of P8.97 million.

Respond to the problems encountered with urgency and better coordination within the Department and across other agencies and local health offices to avoid further delays in project implementation. Also, exert effort to fastrack the completion of the remaining procurement of contracts and construction of facilities based on a firmed up implementation/catch­up plan. Closely monitor new activities to be undertaken to ensure that each activity is accomplished as planned. Moreover, PMO should review the performance and absorptive capacity of DOH in implementing the project and study the need for partial loan cancellation to avoid increasing commitment fees.

B. Others

Payment of P50 per day additional subsistence allowance and CNA incentives to PMO staff that were charged to HSDP project funds was not in accordance with the project authorized expenditures.

Require the PMO staff to refund the P50 per day additional subsistence allowance totaling P68,800.00 paid in 2007 and CNA Incentives totaling P324,000.00 paid in 2008.

3.5 Help for Catubig Agricultural Advancement Project (HCAAP) Loan Account No. ­ JBIC PH­P221

A. Financial Performance

The account PPE ­ Motor Vehicles is understated in the amount of P2,954,413.00 fuel to unrecorded motor vehicles acquired for HCAAP.

For the Accountant, prepare a JEV to take up unrecorded motor vehicles and for the Property Officer, to include in the inventory of HCAAP properties the unrecorded motor vehicles.

The accounts PPE­Office Equipment and PPE­IT Equipment and Software are understated in the amounts of P1,423,182.22 and P22,688.85 respectively, against the actual Report of Inventory and issuance of HCAAP properties.

For the Property Officer, submit to the Accountant all documents of properties acquired to serve as basis for taking up the unrecorded PPE in the books. Also, exert all efforts to include all HCAAP properties in the inventory list to provide an accurate and reliable report.

48

OBSERVATION RECOMMENDATION The account Training Expenses was overstated by P31,000.00 and the Spare Parts Inventory account was understated by the same amount due to erroneous entry.

For the Accountant, to make an adjusting entry by Debiting Spare Part Inventory amounting to P31,000.00 and crediting Training Expenses by the same amount.

The agency could have saved P178,850.00 had trainings for HCAAP been conducted at Center for Health Development­Eastern Visayas instead of holding them at expensive hotels.

Refrain from conducting trainings at expensive hotels. Utilize the facilities of the office such as the conference room and the Regional Health Training Center. Further, participants should not be allowed to attend trainings on live­in accommodation to minimize expenses.

4. Department of Social Welfare and Development (DSWD) 4.1 Kapit­bisig Laban sa Kahirapan­Comprehensive and Integrated Delivery of

Social Services Project (KALAHI­CIDSS) Loan Account No. ­ IBRD 7147 PH

A. Budget

Some plans and programs rendered by Service Providers for implementation of some KALAHI­ CIDDS sub­projects appeared with inaccuracies in project estimates, contrary to the underlying intent of said contracts for consultancy services, resulting in projects which waived release of their last tranches, with excess/unnecessary materials upon completion of project, or plans and specifications had to be revised to suit actual needs in project implementation, thus, may lessen the merits rendered from expenditure for said services.

For the Regional PMO, ensure a more thorough review of Program of Works, specifications and estimates, including validation of the actual site visitation and inspection. Consider incorporating certain provisions in the contract agreement as to the eventuality of subsequently encountered significant defects in the technical plans rendered by Service Providers.

B. Procurement of Consulting Services, Civil Works and Goods

Completion dates were not considered in the computation of final claims by contractors for Construction of Hanging Bridge sub­projects, contrary to the terms and conditions of the contract entered into for the particular projects, hence possible liquidated damages for late completion of the projects tentatively computed at P163,824.49 more or less, had not been imposed, subject to further adjustments pending clarification/explanations from concerned project in­charge, which might result in inaccurate claims paid for the said projects.

For the Project Officials and Inspectorate, clarify/explain the deficiencies noted. Also, determine the lapsed time and period of delay, as well as the value of unfinished works as of the target date of completion. Explain why penalty for delay was not imposed on the claims paid.

C. Financial Performance

Some paid vouchers covering disbursements for some validated community Sub­Projects under the KALAHI­CIDDS Program were deficient of required supporting documents/signatories and other requirements, in deviation to a basic requirement for any government disbursement, which might have some effect on the validity of the said claims.

Require persons responsible for subject transactions to comply with the requirements appurtenant thereto. Disbursements of government funds should be consistently supported with complete and proper documentation, to ensure propriety and validity of claims.

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OBSERVATION RECOMMENDATION D. Physical Performance

DSWD has transferred the amount of P1.1M out of the KALAHI­CIDSS grant, to the Barangay Sub­ Project Management Committee (BSPMC) of Barangay Awaii, Donsol, Sorsogon to finance the construction of their drainage system. Actual inspection and validation conducted in July 2008 disclosed that instead of a drainage system, a flood control embankment was constructed.

Coordinate with the BSPMC to facilitate the completion of the embankment to include the 8 to 10 meters gap and guarantee that the project will benefit the residents.

The electrification project at Barangay Luy­a, Aroroy, Masbate with a total cost of P1.4M with a KALAHI grant of P1,080,000.00 was not completed and abandoned by the contractor due to unreconciled differences between the latter and BSPMC, which delayed the beneficial use for the project. A total of 90% of the grant or P972,000.00 was already downloaded to the community.

For the Regional KALAHI Management Team, intensify monitoring of the completion of the project considering that it has been already abandoned for quite sometime. Also, strengthen coordination with the LGU to oversee the progress of the work on the last phase of the project.

The team which conducted validation and inspection of the KALAHI­CIDSS funded projects in Catanduanes and Kalinga had the following observations:

1. On the Extension of Sea Wall project, DSWD has released a total of P368,833.20 with remaining unreleased grant of P245,885.60. This project involves extension of the existing sea wall covering 100 meters. During inspection, the team noted that out of 100 meters only 30 meters had been constructed. It was learned that BSPMC has only P134,775.50 available cash in bank and expects to receive unreleased KALAHI grant of P245,885.60, thus funds are no longer sufficient to complete the remaining works for the project.

Require the KALAHI­CIDSS Regional Project Monitoring Team (RPMT) and the Municipal Coordinating Team (MCT) to create an investigative committee to investigate the issues of fraud and mismanagement committed in the implementation of the projects, file a case in court against those persons involved if warranted and to intensify monitoring of the projects to forestall occurrence of deficiencies and problems, which would delay their implementation.

2. The construction of Flood Control in Barangay Sabangan which started in November 2007 was suspended in February 2008 with accomplishment of 85% only.

3. On the construction of Footbridge, the DSWD has released a total of P529,200.00 (only the amount of P10,583.12 remained in the bank, P 518,616.88 was already spent for the project) with remaining unreleased grant of P132,300.00. As of validation date, the project was reportedly 29% accomplished, however the same was stopped due to allegations of fraud and mismanagement in the handling of funds by the BSPMC, the KALAHI representatives and concerned local barangay officials.

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OBSERVATION RECOMMENDATION 4. On the construction of micro hydro electric power generation in Lower Mangali, a total amount of P722,659.00 out of P903,324.70 grant had already been released, the project was reported to have been 70% completed. The project was started on August 16, 2007 and supposed to be completed on October 30, 2007. The project was not completed due to failure of the supplier to deliver on time the electro mechanical equipment, generator and cross flow turbine with a total amount of P295,000.00, despite that the same has already been paid by the community on September 17, 2007 which is a clear violation of existing COA rules and regulations on advance payment. During the inspection, the Auditors were informed that the needed hydro equipment are ready for delivery but the newly elected Mayor of the Municipality refuses to accept the same and wanted the supplier to return the value of the equipment. This irreconcilable issue between the stakeholders further delayed the completion of the project.

5. On the construction improvement of communal irrigation system in Barangay Mabaca, out of P712,500.00 KALAHI grants the amount of P641,250.00 has been released with a reported accomplishment of 90%. The unfinished project was turned over to the newly elected barangay captain, however, the latter refused to accept the hand over alleging that he had previous knowledge that procurements of the construction materials for the project were tainted with fraud.

Results of the interviews conducted by the team among the parties/stakeholders revealed that the conflict among implementing parties and the allegations of mismanagement and fraud being imputed against each other by the parties involved in the construction of the projects, particularly between the BSPMCs and the concerned local barangay officials have affected the continuity and brought about the incurrence of delays in the completion of the above projects. Also contributing to such deficiencies was the failure of the DSWD Monitoring team to adequately perform regular visits to investigate and address the issues causing the delays in the completion of the projects, as required of them under the Project Finance Manual on the KALAHI­ CIDSS Project.

The Auditors from various Field Offices also reported delays in the completion of 273 KALAHI­CIDSS sub­projects in Field Offices V, VI, and X. These are tabulated below.

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OBSERVATION RECOMMENDATION Office Qty/Project Total Cost Status FO V 104 P 159,509,938.64 Delayed FO V 27 38,499,291.12 Not Started FO VI 127 200,732,564.77 Delayed FO X 15 11,819,270.03 Delayed Total 273 420,561,064.56

Five constructed hanging bridges with contract costs totaling P3,660,094.44 had not been provided with concrete/permanent approaches and absence of safe side railings may endanger pedestrians/users thereof, contrary to the standards of basic community

For the RPMO and other officials concerned, look into this deficiency and make representation with proper authorities including Central Office PMO and/or Local Counterpart offices, as appropriate, towards possible remedies.

Some Water System Level II Sub­projects had pipelines which were not embedded underground, contrary to standard provisions inherent in works concerning said projects, which may cause early damages to the structures and lessen their lifetime.

For the RPMO, look into the matter and come up with measures to address the weaknesses or make representation with appropriate offices concerned for the appropriate actions to be undertaken.

E. Project Sustainability

Sub­projects funded out of KALAHI­CIDSS in various barangays have not been used despite completion due to inadequate studies on the feasibility, thus rendered doubtful their sustainability. DSWD has provided a total of P3,613,520.00 to support the implementation of public markets in Barangay Pantao, Libon, Albay and a market center in Bgy. Junction, Kalinga out of the KALAHI­CIDSS projects.

As the implementing agency of the KALAHI­ CIDDS projects, DSWD should coordinate with the Municipal Coordinating Team (MCT) to come up with remedial actions to ensure that the newly constructed structures will be of use for the community.

The failure of the People’s Association, charged with the operation and maintenance of the completed KALAHI funded projects, to maintain the completed projects, to form and register their associations and collect the necessary monthly dues from the beneficiaries and various defects noted has rendered doubtful the sustainability of the projects and therefore deprived the users of the maximum benefits of the projects, endanger the lives of beneficiaries and cause damages to the structures. The non­ sustainability of the operation of the said completed projects funded out of the KALAHI­CIDSS in the aggregate amount of P22,773,510.00 if not properly addressed would result in wastage of resources.

1. Require the Regional Directors to coordinate and advise the Barangay Development Council to allocate funds for the regular maintenance of the project pursuant to the Mutual Partnership Agreement (MPA).

2. Undertake measures to intensify collections of monthly dues. Accordingly, necessary repairs on the completed water systems should be made on a regular basis.

3. Require the RPMT to make the necessary representations with the LGU, since these are already turned over projects, to monitor/look into the operation of these projects.

4. Require the National Project Management to submit the registered Deed of Donation for the Water System in Bgy. San Antonio, Capalonga. Accordingly, completeness of the required documents during the pre­implementation of the project should be reviewed and integrated during the monitoring phase of the project.

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OBSERVATION RECOMMENDATION 5. Require the Regional Project Management Office to look into the projects with noted defects and make representations with proper authorities, including Central Office Project Management Office and/or LGUs concerned towards possible remedial measures.

6. For defective projects which are still within the liability/warranty period, refer its repairs to the concerned Contractors.

5. Technical Education and Skills Development Authority (TESDA) 5.1 Technical Education and Skills Development Project (TESDP)

Loan Account No. ­ ADB1750 PHI, Nordic Development Fund Cr. No. 331 , OPEC 0841­P

A. Procurement of Consulting Services, Civil Works and Goods

Of the P133,035,366.24 training equipment and testing tools inspected under LEPTES (02­03) and NDFTES(03), P70,662,310.61 have remained unutilized because of the following: (a) the training courses for which these equipment were procured, are not available, (b) provisions of the contracts on testing, commissioning, installation and training on how to use the equipment were not complied with by the contractors, (c) some equipment were either defective or of low quality, (d) manuals are in Chinese with no English translation, or none at all. (e) some equipment are for commercial use, (f) other delivered equipment are not appropriate for their Distinctive Area of Competence (DAC), (g) no enrollees for DAC, (h) delivered equipment were not requested by them, hence are not necessary in the conduct of their training, and (i) not according to specifications. These equipment and training tools or supplies are gathering dust, some were eaten by mice and are in disarray in stock rooms and are still in their original boxes, resulting in wastage of scarce government resources amounting P70,66,310.61.

Cause the investigation of all the concerned officials why the aforesaid equipment were procured despite the absence of training courses for which the equipment were procured/insufficient power supply, why equipment were accepted where no installation, commissioning and training were conducted and that some were not in accordance with specifications, defective and/or with missing parts, and why the subject training tools and equipment were not properly stored which exposed them to the elements such as dusts and mice. If warranted by circumstances, file the appropriate charges, to recover the wastage of government funds.

Training equipment and testing tools delivered by V.G. Roxas Co., Inc. under LEPTES and NDFTES were overpriced ranging from 4% to 42,732% or P60,964,195.38 representing at least 20.18% of the total procurement of P302,109,054.53 including price differences disclosed in the deliveries by V.G. Roxas Co., Inc. As compared with the 2005 deliveries by another supplier of similar training tools and equipment based on a higher foreign exchange rate (FOREX) of 1US$=P55.80 as compared to the 2007 contract with V.G. Roxas Co., Inc. where the FOREX was 1US$=P46.39 resulting in undetermined amount of losses, disadvantageous to the government, contrary to Section 3(g), RA 3019.

Direct V.G. Roxas Co., Inc. to refund the amount of P60,964,195.38 consisting of the overpricing of the said deliveries, otherwise the same shall be disallowed in audit. Establish the full amount of overpricing on the total amount of P302,109,054.53 of training tools, supplies and equipment delivered by V.G. Roxas Co., Inc and in all its other contracts with the Agency where the possibility of overpricing is not remote. Direct the investigation of officials concerned in the recommendation and approval of subject contracts to V.G. Roxas Co., Inc. and if warranted by circumstances, file the appropriate cases against the said officials pursuant to Section 3(g) of RA 3019, supra.

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OBSERVATION RECOMMENDATION B. Financial Performance

The government could have saved the amount of US$3.138 million or approximately P146.463 million had TESDA not procured civil technology tools and equipment for training under the different DAC of some Centers of Excellence (CENTEX), training institutions/centers using the unutilized amount under the TESDP ADB Loan 1750 PHI of which some previously procured training tools and equipment amounting P70,962,614.24 under the same loan were not being used just like this subject procurement because some of the training courses for which the equipment were procured are not available.

Determine the responsibility of officials concerned for the procurement of the subject training tools and equipment of which most of the equipment were not being used due to the absence of training courses on the respective DAC of the 10 CENTEXes, one RI, one PTC and other training centers. If warranted by circumstances, consider filing administrative case against these officials for having caused the procurement of unused training tools and equipment amounting US$ 3.138Million or approximately P146.463Million.

5.2 Technical Education and Skills Development Project (TESDP) Loan Account No. ­ ADB1750 PHI, Nordic Development Fund Cr. No. 331 , OPEC 0841­P

5.3 Expansion of Dual Education & Training Loan Account No. ­ KFW#3945906/200066412

B. Financial Performance

PPE accounts were understated by a total of P37,094,057.88 as of December 31, 2008 due to non­ recording in the books of accounts the cost of equipment and workshop buildings acquired thru central office in violation of Sect. 63 of P.D. 1445. Some PPE account balance were also misstated in the books of BCAT by P2,643,323.66 due to error in recording the equipment in the appropriate books of accounts of the agency. (Region VIII)

For the Vocational School/Training Center Administrators, instruct their respective financial analysts to account for all acquired equipment including the newly constructed Workshop buildings as government property in the appropriate books of accounts in order to reflect the correct account balances in the financial statements. Also, for the agency Heads to demand for the delivery of undelivered items based on the master list of equipment from central office, including the replacement of items which were found to be detective and unserviceable.

Disbursements sourced from TESDP/CEMMT fund 102 amounting to P640,952.81 for honoraria granted to all TESDA personnel including casuals were not supported with the essential documents substantiating its validity contrary to Section 4 of PD 1445, and pertinent provisions of budget Circular 2007­2 dated October 1, 2007 thereby rendering the propriety of the expenditures doubtful. (Region VII)

Instruct the Accountant to submit the aforementioned requirements to substantiate the validity and propriety of granting honoraria under TESDP/CMMT Fund 102

Due to lack of proper documents, Construction in Progress ­ Agency Assets (264) account balance of P6,742,588.52 under Fund 102 was not yet transferred to the proper asset account even when the project is deemed completed, thus affecting the interpretation of the related account in the financial statements. (Region VIII)

Instruct the Accountant to coordinate with the Central Office Accountant in obtaining the necessary accounting records relative to the adjustment of the Construction in Progress ­ Agency Asset (264) account balance of P6,742,588.52 to the proper asset account in the regional office books.

5.4 Development of Centers of Excellence in Modern Manufacturing Technology (DCEMMT) Loan Account No. ­ ERSTE (Austria)

54

OBSERVATION RECOMMENDATION A. Financial Performance

Estimated income of P214.91 million from training fees in Basic, Immediate, Advance, Computer, Computer Integrated Manufacturing, jobbing and Assessment were not realized using the Center for Excellence in Modern Manufacturing Technology (CEMMT) equipment which were procured through a loan of €18.168 million or P1.461billion from Erste Bank under the Austrian Export Promotion Scheme because instead of conducting the training, TESDA contracted a private training institution to conduct the training under co­management agreement using only the CNC Machines of which only P144,300.00 was collected by TESDA­Main representing the 15% share from the co­management. No training using the other training equipment under the CEMMT has been reported since the equipment was delivered in 2004.

Renegotiate the terms and conditions of the existing co­management contract which are found disadvantageous to the government. Terminate the same in case of refusal to renegotiation. Henceforth, stop the renewal of the existing co­ management contracts after their expiration.

In addition co­management contracts were also executed with four others in other trade areas. Lastly, the capabilities of the co­management or partners to run the trainings on their own is doubtful since their capitalization or contributions amounted only from P15,500.00 to P312,500.00. These contracts were disadvantageous to the government and had given undue advantage to the said companies since (a) TESDA received only 15% share of the gross income from the co­management companies in the conduct of training; and (b) TESDA provided the training venue, facilities and the CNC equipment without any charges; (c) there was no provision allowing TESDA to verify the accuracy of its share from the actual income reported by the co­management companies; and (d) TESDA is assisting in the operation of the private companies in terms of registration of their programs, processing of walk­in participants to fill up the required number of trainees for the programs, provisions of focal staff to support developmental needs of the training program.

III. Infrastructure Sector

1. Department of Public Works and Highways 1.1 Sixth Road Project

Loan Account No. ­ ADB1473 PHI

A. Budget

The technical review disclosed that the contract cost of P109,278,327.54 (excluding provisional sum/contingencies) was found to be 29.57% above COA Estimated Cost of P84,340,086.52 (excluding provisional sum/contingencies) and exceeded the maximum allowable COA Estimated Cost of P92,774,095.17, or a difference/variance of P16.504,232.37.

Issuance of IRR­B to be applicable to foreign funded projects

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OBSERVATION RECOMMENDATION B. Financial Performance

DPWH had been paying for the interest on the delayed payments for almost three years, starting when Algon Engineering Construction Corporation filed a claim on the interest followed by some of the contractors having the same claim. Since the amount was charged to CIP account in addition to cost of the project, the CIP account was overstated. These additional charges also deplete scarce government resources which could have been utilized for other important/urgent government projects.

Be vigilant in the review and evaluation of the provision/s in the Conditions of the Contract on payment of interest. Negotiate for the removal of such provision or extension of payment period of the future contracts to avoid additional expenses for late payments. The PMOs in­charge in the implementation should closely coordinate with the CFMS to facilitate the processing of progress billings/claims of the contractors to avoid delays on payment.

C. Others

In the initial review of the contract for this project, some documents were not submitted.

Cause immediate submission of the requirements to facilitate review of the contract.

1.2 National Road Improvement and Management Project ­ IBRD 7006 PH Loan Account No. ­ IBRD 7006 PH

A. Budget

SSAROs released to the various Regional/District Offices of DPWH for the GOP counterpart funds which have no submitted liquidation reports were already reported as disbursements in the PSUF.

Closely monitor all SSAROs releases to various DPWH Regional/District Offices and coordinate with the Budget Division.

B. Financial Performance

The contract amount is overstated by P4,108,680.00 because of the 12.12% unconditional discount offered by the contractor was not applied to the Provisional Sum of P33,900.000.00.

See to it that the overstatement of the contract amount due to non­inclusion of the provisional sum in the computation of the unconditional discounts will be deducted from the remaining claims of the contractor.

DPWH had been paying for the interest on the delayed payments for almost three years, starting when Algon Engineering Construction Corporation filed a claim on the interest followed by some of the contractors having the same claim. Since the amount was charged to CIP account in addition to cost of the project, the CIP account was overstated. These additional charges also deplete scarce government resources which could have been utilized for other important/urgent government projects.

Be vigilant in the review and evaluation of the provision/s in the Conditions of the Contract on payment of interest. Negotiate for the removal of such provision or extension of payment period of the future contracts to avoid additional expenses for late payments. The PMOs in­charge in the implementation should closely coordinate with the CFMS to facilitate the processing of progress billings/claims of the contractors to avoid delays on payment.

C. Others

In the initial review of the contract for this project, some documents were not submitted.

Cause the submission of required documents to facilitate auditorial and technical review of the contract.

1.3 Metro Manila Urban Transport Integration Project (MMUTIP) Loan Account No. ­ IBRD 7058 PH

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OBSERVATION RECOMMENDATION

Payment of back salaries and representation and transportation allowance (RATA) of two DPWH employees was erroneously charged against Engineering and Administrative Overhead of the GOP Counterpart Fund of MMUTIP, thus overstating the MMUTIP Statement of Expenditures.

Refrain from charging against the MMUTIP funds expenses which are not directly related in the implementation of the project.

1.4 Metro Cebu Development Project (MCDP) III (Cebu South Coastal Road) Loan Account No. ­ JBIC PH­P158

A. Financial Performance

The RPCPPE for the various furniture, fixtures and office equipment being used by Manila Liaison Unit (MLU) with an estimated value of P469,760.00 was not duly signed/acknowledged by the consultants, contrary to Sect 66 of NGAS Manual causing difficulty in ascertaining actual ownership of the properties, thereby prevented its recording in the books, if proven otherwise.

Instruct the MCDP II accountant to follow up the submission of the RPCPPE for the various furniture, fixtures and the office equipment found at the MLU with an estimated value of P469,760.00 duly signed by the consultant or a certification of ownership, otherwise, require its recording in the books as well as the related provision for depreciation. Further, require the maintenance of Supplies Ledger/Stock Cards for those assets that were already booked up.

Due to Other NGAs per books did not reconcile with confirmation result showing a difference of P60,217,872.54 due to lack of coordination as to the proper recording of account, contrary to Section 112 of PD 1445, thus casting doubt on the reliability of the account balance.

For the Accountant, regularly coordinate with the MDFO through the Accountant of the Project Monitoring Office­MLU, as to the proper recording of funds to come up with reconciled balances; and ensure that liquidations made by the agency have been immediately recorded in the MDFO books.

Disbursements out of the Expropriation deposits amounting to P4,906,530.00 were released of expropriated lots despite the absence of the Deed of Sale/Certifies Copy of Judgment, in violation of Section 28 of the NGAS Manual, thus remittance of capital gains tax withheld thereon amounting to P294,391.80 could not be done to the BIR and prejudicing the interest of the government.

Instruct the personnel in charge of the expropriation to submit the Certified copy of Judgment to the BIR and the Register of Deed to facilitate the remittance of the capital gains taxes withheld from the various lot owners and to establish validity of the claim.

1.5 Metro Cebu Development Loan Account No. ­ JBIC PH P158

B. Others

Transferred property and equipment valued at P9.6 million were dropped from the books without corresponding entries in the recipients books, contrary to Section 63 of PD 1445, thus exposing the same to loss

Prior to the dropping of any serviceable asset from the books, ensure that a corresponding JEV has been drawn taking up the asset in recipient's books to monitor its usage and/or whereabouts and ascertain its accountability. Moreover, require the MCDP III Accountant to follow up submission of copies of JEVs taking up the transferred assets in recipient's books to ensure that these are taken up as government property.

1.5 Rural Road Network Development Project (Phase II) Loan Account No. ­ JBIC PH P162

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OBSERVATION RECOMMENDATION A. Physical Performance

Physical inspection conducted on the site revealed that slope protection with iron barrier including a major portion of the road on the right side of the project going to Tigaon from Mayong have collapsed and no sign of repair is on­going. COA cited the IRR of RA No. 9184 which states that after final acceptance of the project by the government, the contractor shall be held responsible for structural defects.

Update the issuance (IRR­B) to be applicable to foreign funded projects

1.6 Rural Road Network Development Project ­ Phase III Loan Account No. ­ JBIC PH P220

1.7 Cordillera Road Improvement Project Loan Account No. ­ JBIC PH P205

1.8 Arterial Road Link Development Project Phase IV Loan Account No. ­ JBIC PH P204

1.9 Agno River Flood Control Project phase IIA Loan Account No. ­ JBIC PH P193

1.10 Lower Agusan Development Project Loan Account No. ­ JBIC PH P180

1.11 Second Social Expenditure Management Program (SSEMP) as participating agency (IA­DBM) A. Others In the initial review of the contract for this project, some documents were not submitted.

Cause the submission of required documents to facilitate auditorial and technical review of the contract.

2. Light Rail Transit Authority 2.1 LRT Line I Capacity Expansion Project Phase II Loan Account No. ­ JBIC PH­P211

A. Budget

Original scope of Capacity Expansion Project Phase II (CAPEX II) was substantially completed in August 2007. The project was restructured and was approved by ICC on September 15, 2008 but implementation of the expended scope started as early as April 2008. This involved change in scope and increase in cost by P1,621.73M or 20.3% of the ICC ­ approved cost of P8,000.00M. Aside from the additional works, the increase in cost was due to high bids and the inclusion of several pay items VAT, price escalation, interest, service fees and administrations cost ) that were not included in the said approved project cost in 1999. The loan closed on September 4, 2008 after a second request for extension of the loan was not approved by Japan Bank for International Cooperation (JBIC). Upon closing, the amount of US $16.4M was cancelled from the JBIC loan for CAPEX which was proposed to fund the additional works. Thus, supplemental financing and implementation issues were cited as concerns. Request for extension and project changes caused delay in this instance.

Advise intervention by PMO in addressing request for project restructuring. For future projects, immediately report incidence of cost overruns for ICC re­evaluation and approval before any significant modifications on the project scope is undertaken.

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OBSERVATION RECOMMENDATION B. Financial Performance

Disbursement level decreased by more than half from P76 M in 2007 to P33 M in 2005 due to the substantial completion of the project in 2008 and the unexpected closing of the loan on September 4, 2008.

2.2 Modernization/Upgrading of LRV for LRT Line 1 Loan Account No. ­ Belgian ­ No. 14 EUR6.296M

A. Others Delay in the submission of request for extension of loan was noted.

Cause timely submission of request for extension is enjoined to avoid loan cancellation/termination.

3. Bases Conversion Development Authority 3.1 Subic­Clark­Tarlac Expressway Project (SCTEP) Loan Account No. ­ JBIC PH­226

A. Procurement of Consulting Services, Civil Works and Goods Hiring of Legal Consultants for SCTEP ­ PMO contrary to the provisions of COA Circular No. 95­ 011 dated December 4, 1995 and Office of the President (OP) Memorandum Circular No. 9 dated August 27, 1998.

Explain/justify why the payment of P2,845,000.00 should not be disallowed in audit for being contrary to the provisions of COA Circular No. 95­011 and OP Memorandum Circular No. 9.

Rental expenses for vehicles for Packages 1 and 2 amounting to P57.214 million based on a rental scheme adopted by Management was contrary to the provisions of RA 4136.

Submit an explanation/justification why the payment for the rental of vehicles should not be disallowed in audit considering that no license to engage in rental business has been submitted and considering further that the rented vehicles are not registered as “public service”.

B. Financial Performance

Project cost increased by P0.922 million due to additional geotechnical investigations that should have been shouldered by the Contractors as provided under the Technical Specifications Part IIB – Special Provisions of the contract.

Deduct the amount of P921,815.00 from the cost of SCTEP Package 1.

The Corporation released funds amounting to P180.773 million as partial payment of certification expenses to the Toll Regulatory Board (TRB) without legal basis.

Considering that the TOR used as basis for the payment is considered unenforceable, demand a refund of P96,136,164.68 computed as follows: (P180,773,041 plus P1,828,905 less P365,781 less P86,100,000 = P96,136,165) plus interest earned from March 1, 2009 up to the present. Submit an explanation/comment on the observations contained in the COA letter to the BCDA President dated July 24, 2008 and the action taken thereon.

Project cost increased by P913,000.00 due to inconsistency in unit price of work item 405(1)c.2

Explain why two unit costs were used in the computation of one item in the contract breakdown. Use the lower unit price, which is advantageous to the government, in the computation of the total cost of work item 405(1) c.2 and deduct the amount of P913,404.00 from the cost of the contract.

59

OBSERVATION RECOMMENDATION Project cost overpriced by P65,741,000.00 due to the bloated contract duration and excessive number of rented service vehicles.

Explain/justify why the contract duration for RFP No. 41 reached 14.75 months as well as the excessive number of rented service vehicles considering its scope of work and project cost of only P597 million as compared to the original contract cost of P13 billion

Project cost is excessive by P1,095,000.00 due to discrepancies in unit costs.

Use the lower unit prices, which are advantageous to the government, in the computation of the total cost of Items 200 and 202, and deduct the amount of P1,095,340.00 from the cost of the contract.

4. Bureau of Customs (BOC) 4.1 Non­intrusive Container Inspection System Loan Account No. ­ Eximbank of China

A. Financial Performance

Improper classification of collections from and remittances of the Container Service Fee (CSF) totaling P129,675,164.

Prepare a JEV to reclassify 75% of all CSF Fees remitted to the BTr as income to repayment of loans account and 25% to Trust Fund (184) and to inform the BTr, thereafter, to reclassify the 75% and 25% accordingly, in compliance with Section 3(a) of EO 592.

Since the implementation of the Lateral Attrition Law will rely heavily on the collection performance of the Bureau, all CSF accounts should be properly classified so that it will not form part of the Bureau's GF income.

B. Others

Non­utilization of the x­ray machines at the Port of Batangas may hinder the generation of fund that will be used to pay the loan equivalent to its procurement cost and may expose the machine to risk of loss thru obsolescence.

While waiting for these x­ray machines to be operational, direct the District of CCD IV to consider the following recommendations:

a. Encourage importers, shipping lines and other stakeholders to use the Batangas Port as the Port of entry. Increased container van handling will maximize the utilization of the machine which can be set aside for the sustainability of the project and maintenance of the X­ray equipment; and

b. Meantime that no cargoes are being handled, initiate measures to properly maintain the machine so as to avoid rapid obsolescence.

Likewise, for the OCOM, thru the Chief of the X­ ray Inspection Project, ensure all 30 units of X­ray equipment are properly accounted for and installed and operational at the various ports to maximize utilization thereof and enhance collection of CSF for the repayment of loans and the sustainability of the project.

60

OBSERVATION RECOMMENDATION 5. Department of the Interior and Local Government (DILG) 5.1 Mindanao Basic Urban Services Sector Project (MBUSSP) Loan Account No. ­ Nordic Development Fund Cr. N o. 327

A. Financial Performance

Analysis of account Due from Officers and Employees (123) amounting to P316,413.90 remained outstanding as of December 31, 2008 due to non­ compliance with the prescribed rules and regulations on the granting, utilization and liquidation of cash advances

Enforce strictly the provision on the granting and liquidation of cash advances pursuant to COA circular No. 97­002 dated February 10, 1997.

Excess payment of cash advances granted to MBUSSP for local travel amounting to P37,082.00 was not yet refunded as of December 31, 2008.

For personnel concerned, effect the refund of the amount of P37,082.00, ND #09­005 MBUSSP (08) dated July 29, 2009 was issued to the effect.

6. Department of Transportation and Communications 6.1 New Communications, Navigation and Surveillance/Air Traffic Management Systems Development

Project Loan Account No. ­ JBIC PH­P228

A. Financial Performance

The granting of advance payment to the Consultant for price escalation and contingency, which constitutes unnecessary disbursements, and the early payment of advances to cover the mobilization cost for the construction supervision caused the government to incur additional service and interest charges on the amount sourced out of loan proceeds. Moreover, the contract provision relative to the additional payments to the Consultant, aside from the price escalation and contingency, may lead to excessive increase in the original contract price.

Cause the refund of the amount corresponding to advance payment for price escalation and contingency totaling P7,713,649.57, including the service charge of Y15,061.09 or P6,548.30 and an annual interest of Y331,675.30 equivalent to P144,206.65 incurred on the loan disbursements until such time the escalation and the contingency have been actually claimed by Consultants. In case of long–term project involving multi­year contract, consider the project implementation schedule in the granting of advance payment. The amount to be granted as advance payment shall be reasonable enough to cover approximately the contractor’s initial reimbursable expenses, which could be made in accordance with the project phase/stage.

Agency officials should exercise prudence in the management and utilization of funds. In the future, the office concerned in the preparation and review of contract should ensure that the terms and conditions of the contract to be entered by the Department are not disadvantageous to the government to avoid unnecessary and/or untimely incurrence of expenditures.

6.2 Social Reform Related Feeder Ports Development Projects Loan Account No. ­ JBIC PH­P173

6.3 Third Airports Development Project. (Southern Phil.) Loan Account No. ­ ADB1536 PHI

6.4 Global Maritime Distress Safety System Project Loan Account No. – Credit Agricole Indosuez/French Protocol

6.5 New Iloilo Airport Development. Project. Loan Account No. ­ JBIC PH­P214

61

OBSERVATION RECOMMENDATION 6.6 Selected Airports (T/L) Development. Project Phase .l

Loan Account No. ­ JBIC PH­P190 6.7 Maritime Safety Improvement Project­Ph 3

Loan Account No.­ Bancaja (SMCF­Spain)

A. Financial Performance

The correctness of the Advances to Contractors account totaling P199,049,868.71 (net of negative balance) and its full recoupment is doubtful due to (a) non­application of the contractor’s unbilled accomplishment to advance payments amounting to P28,827,114.32; (b) on­recording of recouped advances totaling P173,511,995.74; (c) negative/ abnormal balance of P3,471,206.04; and (d) other deficiencies totaling P181,964.69.

For completed projects, determine the final quantification of the value of the contractor’s unbilled accomplishment and apply the same to the respective balances of advance payments so that closure thereof could be made in the books.

Also, expedite the finalization of the termination agreement with Thompson CSF NCS France and Young Builders so that the unpaid advance payment could be recovered without prejudice to the imposition of liquidated damages due to default or delay on the part of the contractor.

For the Chief Accountant, draw a JEV to adjust the overstatement of the account balance representing the advances which were verified/established to have been fully recovered and to analyze the negative/abnormal balance in order to fairly present the financial condition of the Department.

6.8 Telepono sa Barangay Phase (TSB) II Loan Account No. ­ Credit Commercial de France ­ 15%

6.9 Global Maritime Distress Safety System Project (GMDSSP) Loan Account – Credit Agricole Indosuez/French Protocol

6.10 Maritime Safety Improvement Project (MSIP) Phase 3 Loan Account No.­ Bancaja (SMCF­Spain)

A. Physical Performance

The non­utilization of equipment worth P1,006,364,032.10 will lead to loss of government resources and the non­attainment of the project objectives.

Explore all the possibilities on how to make use of the equipment for TSB 2 and the joint venture project. If these equipment are considered obsolete, dispose them through public auction to recover part of the cost invested in the projects.

Speed­up the completion of the remaining GMDSSP stations and MSIP lighthouses in order to achieve the benefits that can be derived from the projects. Take appropriate legal actions against the contractor for non­performance of its obligations or failure to execute the contracted work.

Enforce the contract provision relative to the settlement of billing dispute in order to finally resolve the issues on the termination of agreement.

Conduct inspection/validation of the uninstalled equipment stored at the contractor’s warehouse to establish existence of the same and transfer them to a government warehouse/premises to avoid or minimize incurrence of storage fees.

62

OBSERVATION RECOMMENDATION Take the necessary remedial measures to prevent the equipment/facilities from further deterioration and damage. Provide adequate security measures to safeguard the equipment from thief and other intruder.

Record in the books of accounts the cost of equipment invested by the agency in the joint venture project for fair presentation of the financial statements.

B. Others

The correctness and existence of the recorded motor vehicles acquired from various DOTC ODA­funded projects could not be established due to absence of physical inventory­taking, incomplete documentation relative to acquisition and disposition of said properties and inadequate information provided in the subsidiary ledgers. The Agency’s failure to validate the vehicles issued/loaned to other government agencies would lead in the loss of the same as four (4) vehicles were verified not received by the recipient office based on the result of confirmation. Moreover, the cost of several project vehicles were not recorded in the books of accounts, thus negating management assertion on the completeness of information presented in the financial statements. (Various ODA projects of DOTC).

Conduct a comprehensive physical inventory taking of all properties of the Department including those acquired from the projects to establish the existence thereof, ascertain the correctness of the records maintained by the PUDD, PMO and the Accounting Division and to ensure that the same are properly accounted for in the books. All discrepancies or losses that may be disclosed should be immediately investigated and appropriate action should be made.

7. Municipal Development Fund Office (MDFO) 7.1 Local Government Finance Development Project Loan Account No. ­ IBRD 4446 PH

A. Financial Performance The balances of Office Supplies Inventory account per accounting and the property records of P1,845,316.40 and P1,723,895.62, respectively, differed by P121,420.78

Reconcile the reporting difference of P121,420 and make adjustments, if necessary to correct the balance of the accounts.

8. Philippine National Railways (PNR) 8.1 South Manila Commuter Rail Project

Loan Account No. ­ Export­Import Bank of Korea (PHL­7)­KEXIM 8.2 South Manila Commuter Rail Project Loan Account No. ­­ Export­Import Bank of Korea (PHL­7)­EDCF

A. Financial Performance

We observe that all the invoice price of the items procured were marked up at 15%. This mark­up cannot be allowed in audit as under the circumstances and pursuant to the existing auditing COA rules and regulations, the Commission can only tolerate a mark up of not exceeding 10% of the prevailing market

Deduct the amount of P89,397.74 representing the disallowed reimbursement, from the next billing of Daewoo (Hanjin).

63

OBSERVATION RECOMMENDATION price. The 5% mark up has to be outrightly disallowed in audit. For purposes of computing the disallowance, the invoice price will be considered as the prevailing market price without prejudice to further verification of prices at the market. As a result, the amount of P89,397.74 is outrightly disallowed in audit which shall be deducted in the next billing of Hanjin.

B. Others

We conveyed to management in a memorandum dated November 6, 2008 that Hanjin is barred from filing the claim for the civil works of the project because it was not a party to the contract, the same contract for the project being signed by Daewoo International. In asmuch as there was no authority attached in the documents being audited, all reimbursement s made by the same contractor has to be temporarily suspended in audit pending submission/presentation of the documents entitling Hanjin to collect from PNR.

Submit Special Power of Attorney duly executed by the President or his duly authorized representative and/or duly notarized written authority from top management of Daewoo authorizing the Project Manager to execute the Special Power of Attorney submitted.

9. National Power Corporation 9.1 Electricity Market and Transmission Development Project Loan Account No. ­ ADB 1984

A. Financial Performance NPC paid commitment fees totaling to P37,422,908.06 as of June 30, 2008 due to the delays in the procurement process.

1.Avoid delays in the procurement process. Such delays slow down availment from the loans, thus resulting to incurrence of commitment fees.

2. In the absence of a prescribed period of action to complete procurement activities for foreign funded projects, use as a guide existing relevant rules and regulations, i. e. IRR­A of R.A. 9184. These activities should be completed within the bid validity period for each contract.

3. Bid evaluation reports and other reports/ documents requiring approval by the creditor should be submitted to them promptly.

10. PHIVIDEC 10.1 Mindanao Container Terminal Project (MCTP)

Loan Account No. ­ JBIC PH­P213

A. Others

There was no separate accounting of MCTP transactions. Instead it was merged with PIA's regular transactions.

Consider maintaining a separate accounting of the port's operations and economic condition of MTCP.

There were noted discrepancies on the inspection of property against the reported accomplishment of the management as reported on the Inspection Report of the COA Technical Team in MTCP amounting to P9.28 Billion.

Remit the amount recovered from the contractor to the National Treasury as a reduction from the Long­Term Debt and appropriate MCT asset since the billing procedure being done by the consultant is no longer feasible because the contract of the consultant has expired.

64

OBSERVATION RECOMMENDATION Consider the possibility of dredging the saw dust, sand and wooden debris across the structure to ensure protection, reaching an alarming height of 1.6 meters in some areas. Inform Vicmar Development Corporation not to dump its waste materials on the shore near MCT inasmuch as the siltation of the structure was allegedly due to the action of waves to the area, carrying saw dust, sand and wooden debris.

11. Subic­Bay Metropolitan Authority 11.1 Subic Bay Port Development Project (SBPDP)

Loan Account No. ­ JBIC PH­P215

A. Others

1. Submit explanation/justification regarding the deficiencies noted.

2.Require the consultant to submit the necessary information/ details pertaining to the plans/specifications of work items that were deferred.

The contract review report rendered by COA Technical Service Office relating to the SBPDP disclosed overstated bill of quantities for some items by about 10­20 per cent which amounted to P175.62 million, incomplete/lacking information on the plans/specifications of certain items of work aggregating to P112 million and unnecessary work items amounting to P30.46 million. Moreover, inconsistencies in the pricing of similar items were also noted which resulted to a deductive variance of P435.61 million from the contract price.

3.Deduct from the contract price by way of deductive variation orders, the unjustified/ unnecessary and overstated items, and pricing inconsistencies.

IV. Governance and Institution Development Sector

1. Bureau of Internal Revenue 1.1 National Program Support for Tax Administration Reform Project (NPSTARP)

Loan Account No. ­ IBRD 7431 PH

A. Financial Performance Delayed implementation of and/or slow utilization of loan proceeds for the NPSTARP resulted in the unexpected allotment amounting to P66,754,300.59 or 68% and payment of additional commitment fees by the NG

Execute and implement the WB approved APP and the Work Plan/Program for the year as planned even if there is a change in BIR leadership or TRAG head to ensure completion of NPSTAR as scheduled or before its loan closing date on December 31, 2011. Any changes by the new BIR Commissioner or TRAG Head, project Directors or Task Force Heads may be implemented in the succeeding year. We reiterate our prior year's recommendation that management study and resolve the problem of the availability of employees/officials for the implementation of NPSTAR without sacrificing their regular functions and responsibilities with the Bureau

B. Others Contracts entered into under NPSTAR totaling P64,681,800 together with their supporting documents, were not submitted to the Auditor for review, as required.

Comply with COA Circular No. 87­278 and thus, require the concerned parties to submit immediately the contracts and furnish the auditor's office the copy of all future contracts, with complete supporting documents, within five days after perfection.

65

OBSERVATION RECOMMENDATION 2. Supreme Court 2.1 Judicial Reform Support Project

Loan Account No. ­ IBRD 7191 PH

A. Financial Performance The government paid commitment fees in the amount of P1,509,043.62.

Fully implement the reforms and measures instituted during the year to fastrack the procurement of works, goods and services.

IV. SCHEDULES

Schedu

le I

ODA LO

AN COMMITMEN

TS

FY 2008

NET

LOAN

NAM

E OF PR

OJE

CT

IA

COMMITMEN

T USD

USD

USD

BILA

TERAL

LOAN

S Ex

port Credits Gua

rantee Dep

t., Gov't of Eng

land

939,260,055

­ 939,260,055

1 ECGD­Duetsche Bank Y1

6.640B

Bila

Tulay Ng Pangulo sa Kaunlaran Project, P

I DPWH

Active

180,495,506

­ 180,495,506

2 ECGD­Deutsche Bank Y1

6.6B

Bila

Tulay ni Pangulo sa Barangay

DPWH

Closed

180,711,020

­ 180,711,020

3 ECGD­Deutsche Bank Y2

0.3B

Bila

DPWH

Closed

265,534,560

­ 265,534,560

4 ECGD­Deutsche Bank Y9

.6B

SALA

M Bridge

DPWH/ARMM

Closed

105,193,059

­ 105,193,059

5 ECGD­Deutsche Bank Y1

9B Bila

Tulay ni Pangulo para sa Magsasaka

DAR

Extended

207,325,910

­ 207,325,910

Expo

rt Finan

ce In

suranc

e Corpo

ratio

n (EFIC), Au

stralia

89,484,745

217,405

89,267,340

1 EFIC II (1

996)

MM Sydney Coordinated AdaptiveTraffic System

DPWH,TEC

Closed

22,950,000

470

22,949,530

2 EFIC III (1997)

Municipal Solar Infrastructure Project

DILG

Closed

28,023,635

216,935

27,806,700

3 EFIC IV

Search & Rescue Vessels

DOTC

Closed

38,511,110

­ 38,511,110

Expo

rt­Im

port Ban

k of Korea

107,695,940

606,069

107,089,871

1 Export­Import Bank of Korea (P

HL­8)

Widening of Gapan­San Fernando­Olongapo Road & Emergency

Dredging Project

DPWH

Active

17,077,500

­ 17,077,500

2 Export­Import Bank of Korea (P

HL­2)

Mindanao Pow

er Transmission Project

NPC

Closed

6,561,555

606,069

5,955,486

3 Export­Import Bank of Korea (P

HL­3)

Luzon Transm

ission Line & Substation Project

NPC

Closed

8,593,398

­ 8,593,398

4 Export­Import Bank of Korea (P

HL­7)­EDCF

South Manila Com

muter Rail P

roject

PNR

Ext­3/29/10

35,000,000

­ 35,000,000

5 Export­Import Bank of Korea (P

HL­7)­KEXIM

South Manila Com

muter Rail P

roject

PNR

Ext­3/29/10

24,393,939

­ 24,393,939

6 Export­Import Bank of Korea (P

HL­5)

Laguindingan Airport D

evelopment P

roj.

DOTC

/ATO

Ext­6/28/12

16,069,548

­ 16,069,548

Fren

ch Protoco

l 39,793,421

2,813,753

36,979,668

1 FP

95#846­OD1 FP

VIII(a)

Trophy Radiology­Upgrading Radio'l. I

DOH

Closed

5,079,479

­ 5,079,479

2 FP

95#846­OEI F

P IX

(b)

Upgrading of E

. Rodriguez Mem

orial H

ospital

DOH

Closed

5,079,479

­ 5,079,479

3 FP

97#908­OC1 FP

VIII(b)

Trophy Radiology­Upgrading Radio'l. II

DOH

Closed

7,631,918

­ 7,631,918

4 FP

95#846­OGI

Crash Fire Rescue III Equipt. Proj. /N. B

anque

DOTC

Closed

2,666,727

­ 2,666,727

5 FP

97#908­0D

1 FP

VIII(c)

Global M

aritime Distress Safety System Project

DOTC

Closed

12,694,698

2,733,172

9,961,525

6 FP

95#846­OHI

Metro Manila Traffic System/ N

. Banque

DPWH

Closed

1,032,622

­ 1,032,622

7 FP

98­EUR .741M #960­OAI

Modern Gov't. New

s/N. B

anque

OPS

Closed

1,028,965

­ 1,028,965

8 FP

98­EUR 3.4M #960­OAI

Modern Gov't. New

s/N. B

anque

OPS

Closed

4,579,533

80,580

4,498,953

Institu

to Credito Ofic

ial

98,414,613

20,092

98,394,522

1 ICO (U

S$18.5M

) Acquisition of 14 Fisheries Managem

ent P

atrol V

essels for

Monitoring, Control and Surveilla

nce

BFA

R

Closed

18,558,684

­ 18,558,684

2 ICO (U

S$9.4M)

Oceanographic & R

esearch Vessel

BFA

R

Closed

9,477,724

20,092

9,457,633

3 ICO (U

S$12.9M

) Solar Pow

er Technology Support to A

RC

DAR

Closed

12,937,311

­ 12,937,311

4 ICO USD 13.495 M

Solar Pow

er Technology Support to ARC, P

hase II

DAR

Closed

13,495,424

­ 13,495,424

5 ICO (U

S$4.3M)

Medical Equipment &

Services for Z

amboanga City

Medical Center

DOH

Closed

4,398,147

­ 4,398,147

6 ICO (U

S$25.7M

) SPANISH MIXED CREDIT FACILITY

DOTC

Closed

25,753,878

­ 25,753,878

CUMULA

TIVE

CAN

CEL

LATION

LOAN

ACCOUNT NUMBE

R

LOAN

ST

ATUS

66

CUMULA

TIVE

COMMITMEN

T

Schedu

le I

NET

LOAN

NAM

E OF PR

OJE

CT

IA

COMMITMEN

T USD

USD

USD

CUMULA

TIVE

CAN

CEL

LATION

LOAN

ACCOUNT NUMBE

R

LOAN

ST

ATUS

CUMULA

TIVE

COMMITMEN

T

Institu

to Credito Ofic

ial

7 ICO (U

S$7M)

Maritime Safety Improvem

ent P

roject­Ph 3

DOTC

Closed

7,014,271

­ 7,014,271

8 ICO (U

S$6.7M)

Upgrading of the Medical Equipment of D

EMS of P

GH

UP/PGH

Closed

6,779,175

­ 6,779,175

Japa

n Ba

nk fo

r Interna

tiona

l Coo

peratio

n 11,076,836,687

1,261,834,612

9,815,002,075

1 JB

IC PH­P235

ARMM Social Fund for P

eace & Dev. P

roj.

ARMM

Active

26,792,090

­ 26,792,090

2 JB

IC PH­P228

New

Com

munications, N

avigations Surveilla

nce/Air Traffic Mgm

t. (CNS/ATM

) System Dev't. Proj.

ATO

Active

239,165,503

­ 239,165,503

3 JB

IC PH­P226

Subic­Clark­Tarlac Expressway Project

BCDA

Active

640,374,339

­ 640,374,339

4 JB

IC PH­P222

Mindanao Sustainable Settlement A

rea Development P

roj.

DA, D

AR

Active

70,668,205

­ 70,668,205

5 JB

IC PH­P242

Agrarian Reform Infrastructure Support Project, P

hase III

DAR

Active

128,016,294

­ 128,016,294

6 JB

IC PH­P200

Secondary Education Development. & Im

prov.Proj.

DECS

Active

78,206,870

­ 78,206,870

7 JB

IC PH­P225

Sustainable Environm

ental M

gt. P

roj. in Northern Palaw

an

DOT

Active

22,062,798

­ 22,062,798

8 JB

IC PH­P223

Agno River Flood Control P

roj. Ph. II­B

DPWH

Active

30,252,283

­ 30,252,283

9 JB

IC PH­P224

Laoag River Basin Flood Control &

SABO Proj.

DPWH

Active

68,433,723

­ 68,433,723

10 JBIC PH­P227

Arterial R

oad Link Dev.Proj. Ph.VI

DPWH

Active

72,924,381

­ 72,924,381

11 JBIC PH­P230

Iloilo Flood Control P

roj. Ph.II

DPWH

Active

73,651,130

­ 73,651,130

12 JBIC PH­P236

Arterial R

oad Bypass Proj. Ph. I

DPWH

Active

67,500,881

­ 67,500,881

13 JBIC PH­P237

Central M

indanao Road Proj.

DPWH

Active

40,318,299

­ 40,318,299

14 JBIC PH­P239

Pasig­Marikina River Channel Im

provem

ent P

roj. Ph. II

DPWH

Active

92,514,063

­ 92,514,063

15 JBIC PH­P241

Pinatubo Hazard Urgent M

itigation Proj. PIII

DPWH

Active

164,961,176

­ 164,961,176

16 JBIC PH­P221

Help for C

atubig Agr. A

dv. P

roj., SI

NIA

Active

56,512,870

­ 56,512,870

17 JBIC PH­P229

Bago River Irrigation System Reh.& Im

p. Proj.

NIA

Active

34,970,728

­ 34,970,728

18 JBIC PH­P215

Subic Bay Port D

evelopment P

roject

SBMA

Active

178,433,150

­ 178,433,150

19 JBIC PH­P238

Subic Bay Freeport E

nvironm

ent M

ngt. Proj. (Phase II)

SBMA

Active

10,749,377

­ 10,749,377

20 JBIC PH­P232

Marine Disaster R

esponse & Environm

ental P

rotection System

DOTC

Cancelled

106,083,660

­ 106,083,660

21 JBIC PH­P218

MM Interchange Construction Proj. Ph. V

DPWH

Cancelled

60,124,921

57,008,637

3,116,284

22 JBIC PH­P233

Northern Luzon Wind Pow

er Project

PNOC­EDC

Cancelled

63,530,879

­ 63,530,879

23 JBIC PH­P197

Fisheries Resource Managem

ent P

roj.

BFA

R

Closed

26,336,516

10,114,789

16,221,727

24 JBIC­BSR

Banking Sector R

eform Program

BSP

Closed

475,098,600

344,066,840

131,031,760

25 JBIC PH­P152

Agrarian Reform Infrastructure Support Proj. PI

DAR

Closed

66,719,897

3,632,974

63,086,923

26 JBIC PH­P169

Rural Farmers & Agra.Ref. S

upport Credit P

rogram

DAR

Closed

3,308,335

843,858

2,464,477

27 JBIC PH­P203

Agrarian Reform Infrastructure Support Proj. PII

DAR

Closed

184,290,530

50,505,267

133,785,263

28 JBIC PH­P170

Environm

ental Infra Support Credit P

rogram

DBP

Closed

55,948,826

1,079,658

54,869,168

29 JBIC PH­P189

Dom

estic Shipping Modernization Program

Phase II

DBP

Closed

216,831,530

6,579,603

210,251,927

30 JBIC PH­P198

Industrial S

upport Services Expansion Prog ­Ph 2

DBP

Closed

383,441,450

973,868

382,467,582

31 JBIC PH­P199

Environm

ental Infra Support Credit P

rogram

Phase II

DBP

Closed

222,678,063

223

222,677,840

32 JBIC PH­P184

Third Elementary Education Project

DECS

Closed

120,640,334

16,931,749

103,708,585

33 JBIC PH­CL 020 (POLICY LO

AN)

MM Air Quality Improvem

ent S

ector D

evelopment P

rog.

DENR

Closed

393,746,100

­ 393,746,100

34 JBIC PH­P194

Southern Mindanao Integ.Coast. Z

one Mgt. P

roj.

DENR

Closed

34,721,247

10,538,030

24,183,217

35 JBIC PH­P201

Rural W

ater Suppy & Sanitation Sector P

roj. P5

DILG

Closed

10,315,497

5,269,756

5,045,741

36 JBIC­PSR

Pow

er Sector R

estru

cturing Program

DOE

Closed

475,098,600

66,600,580

408,498,020

37 JBIC­PSDP

Pow

er Sector D

evelopment P

rogram

DOF/DOE

Closed

423,033,000

45,557,400

377,475,600

38 JBIC PH­P159

Maritime Safety Improvem

ent P

roj.P

h.B

DOTC

Closed

60,515,413

3,432,992

57,082,421

39 JBIC PH­P160

NW Air Navigation Facilities Modernization Project (3

) DOTC

Closed

69,268,942

1,983,564

67,285,378

67

Schedu

le I

NET

LOAN

NAM

E OF PR

OJE

CT

IA

COMMITMEN

T USD

USD

USD

CUMULA

TIVE

CAN

CEL

LATION

LOAN

ACCOUNT NUMBE

R

LOAN

ST

ATUS

CUMULA

TIVE

COMMITMEN

T

Japa

n Ba

nk fo

r Interna

tiona

l Coo

peratio

n 40 JBIC PH­P173

Social R

eform Related Feeder P

orts Dev't. Projects

DOTC

Closed

62,326,862

15,832,524

46,494,338

41 JBIC PH­P190

Selected Airports (T

/L) D

ev. P

roj. Ph.l

DOTC

Closed

62,131,616

36,808,158

25,323,458

42 JBIC PH­P208

Maritime Safety Improvem

ent P

roj.P

h.C

DOTC

Closed

51,132,758

48,406,774

2,725,984

43 JBIC PH­P214

New

Iloilo Airport D

ev't. Proj.

DOTC

Closed

159,711,228

­ 159,711,228

44 JBIC PH­P219

Selected Airports (T

/L) D

ev. P

roj. Ph.lI

DOTC

Closed

127,376,321

­ 127,376,321

45 JBIC PH­P155

Agno & Allie

d Rivers Urgent R

ehab. P

roj.

DPWH

Closed

90,160,264

257,446

89,902,818

46 JBIC PH­P158

Metro Cebu Devt. Proj III (Cebu South Coastal Road)

DPWH

Closed

199,487,177

147,603

199,339,574

47 JBIC PH­P162

Rural Road Network Dev't. Proj. Ph.II (Nat'l. Roads)

DPWH

Closed

139,872,065

4,134,369

135,737,696

48 JBIC PH­P163

Arterial R

oad Link Dev't Proj. Ph II

DPWH

Closed

51,685,955

9,993,720

41,692,235

49 JBIC PH­P164

PJFH Rehab & Im

provem

ent P

roject II

DPWH

Closed

103,599,697

6,737,279

96,862,418

50 JBIC PH­P165

MM Interchange Construction Proj. Ph. III

DPWH

Closed

31,152,584

11,456,638

19,695,946

51 JBIC PH­P166

Mt. Pinatubo Hazard Mitigation Proj.

DPWH

Closed

74,963,617

2,391

74,961,226

52 JBIC PH­P174

PJFH Mindanao Section Rehab Proj.P

h. I

DPWH

Closed

83,337,501

2,413,633

80,923,868

53 JBIC PH­P175

Second MMBProj­P

hase 2 and Metro Cebu Road Proj.

DPWH

Closed

71,514,271

­ 71,514,271

54 JBIC PH­P179

MM Flood Control P

roj. & W

est of M

angahan Floodw

ay

DPWH

Closed

102,081,117

4,906,030

97,175,087

55 JBIC PH­P180

Lower Agusan Dev't Project(Flood Control C

omponent­PII)

DPWH

Closed

86,548,213

7,178,106

79,370,107

56 JBIC PH­P186

MM Interchange Construction Proj. Ph. IV

DPWH

Closed

63,444,103

8,165,664

55,278,439

57 JBIC PH­P188

Arterial R

oad Link Dev't Proj. Ph III

DPWH

Closed

147,128,708

19,443,154

127,685,554

58 JBIC PH­P192

Iloilo Flood Control P

roj. Ph.I

DPWH

Closed

4,967,926

1,293,518

3,674,408

59 JBIC PH­P204

Arterial R

oad Link Dev. P

roj. Ph.lV

DPWH

Closed

166,870,248

1,442,351

165,427,897

60 JBIC PH­P205

Cordillera Road Improvem

ent P

roj.

DPWH

Closed

63,476,644

3,581,350

59,895,294

61 JBIC PH­P206

PJFH Mindanao Section Rehab Proj.P

h. ll

DPWH

Closed

80,636,598

9,249

80,627,349

62 JBIC PH­P207

Rehab & Maint.of B

ridges along Arterial R

oad Proj. Ph. IV

DPWH

Closed

54,972,596

13,909,476

41,063,120

63 JBIC PH­P209

Pinatubo Hazard Urgent M

itigation Proj. P­ll

DPWH

Closed

97,764,011

14,969,402

82,794,609

64 JBIC PH­P210

Pasig­Marikina River Channel Im

provem

ent P

roj. Ph. I

DPWH

Closed

12,658,449

2,188,773

10,469,676

65 JBIC PH­P216

Magsaysay Bridge & Butuan City B

ypass Rd., P

II DPWH

Closed

38,496,003

463,754

38,032,249

66 JBIC­UNTIED

Sixth Road Project

DPWH

Closed

225,617,600

57,250,073

168,367,527

67 JBIC PH­P157

Metro Cebu Dev. P

roj. III (C

ebu South Reclamation)

LBP

Closed

133,580,805

250,926

133,329,879

68 JBIC PH­P168

Rural Farmers & Agra.Ref. S

upport Credit P

rogram

LB

P

Closed

113,828,418

42,946

113,785,472

69 JBIC PH­P195

LGU's Support Credit P

rogram

LB

P

Closed

65,862,984

41,080

65,821,904

70 JBIC PH­P167

MM Strategic MRT Devt.(Line 2) P

roject , Phase I

LRTA

Closed

268,051,064

44,750,480

223,300,584

71 JBIC PH­P171

MM Strategic MRT Devt.(Line 2) P

roject , Phase II

LRTA

Closed

285,753,368

2,568,539

283,184,829

72 JBIC PH­P185

MM Strategic MRT Dev't. (L

ine 2) Project , Phase III

LRTA

Closed

256,726,796

110,549,340

146,177,456

73 JBIC PH­P211

LRT Line I Capacity Expansion Proj. Ph. II

LRTA

Closed

241,475,914

­ 241,475,914

74 JBIC PH­P154

Provincial C

ities W

ater Supply IV

LW

UA

Closed

66,502,957

45,705,283

20,797,674

75 JBIC PH­P181

Provincial C

ities W

ater Supply V

LWUA

Closed

78,402,116

32,599,642

45,802,474

76 JBIC PH­P153

Lower Agusan Dev't Project (Irrigation Com

ponent)

NIA

Closed

43,821,880

1,527,180

42,294,700

77 JBIC PH­P161

Improvem

ent in Pow

er Grid Proj.

NPC

Closed

24,123,728

9,303,499

14,820,229

78 JBIC PH­P177

Leyte­Bohol Interconnection

NPC

Closed

87,708,842

4,199,353

83,509,489

79 JBIC PH­P178

Luzon Grid Transmission Projects Asso. W

ith Private Pow

er

Projects(Ilijan Gereenfield & Casecnan Hydropower Asso.

Transm

ission Line)

NPC

Closed

162,401,284

61,943,886

100,457,398

80 JBIC PH­P183

Special Economic Zones Env. M

gmt. Project

PEZA

Closed

29,785,862

­ 29,785,862

81 JBIC PH­P213

Mindanao Container Terminal Proj.

PHIVIDEC

Closed

89,661,302

10,951

89,650,351

68

Schedu

le I

NET

LOAN

NAM

E OF PR

OJE

CT

IA

COMMITMEN

T USD

USD

USD

CUMULA

TIVE

CAN

CEL

LATION

LOAN

ACCOUNT NUMBE

R

LOAN

ST

ATUS

CUMULA

TIVE

COMMITMEN

T

Japa

n Ba

nk fo

r Interna

tiona

l Coo

peratio

n 82 JBIC PH­P176

Northern Negros Geothermal Project

PNOC

Closed

156,847,620

42,839,567

114,008,053

83 JBIC PH­P172

Batangas Port D

evt P

roj P

hase II (E

ng'g Services)

PPA

Closed

9,501,972

4,047,133

5,454,839

84 JBIC PH­P187

Batangas Port D

evelopment P

roj. (Phase II)

PPA

Closed

157,878,085

2,765,876

155,112,209

85 JBIC PH­P156

Boracay Environm

ental Infrastructure Proj.

PTA

Closed

14,665,144

16,266

14,648,878

86 JBIC PH­P182

Subic Bay Freeport E

nvironm

ent M

ngt. Proj.

SBMA

Closed

11,215,798

2,561,438

8,654,360

87 JBIC PH­P196

Central Luzon Irrigation Proj./Casecnan Multi­purpose Irrigation &

Pow

er Proj.

NIA

Ext­1/7/2009

153,333,192

­ 153,333,192

88 JBIC PH­P202

Bohol Irrigation Proj. Ph. ll

NIA

Ext­3/28/09

65,928,066

­ 65,928,066

89 JBIC PH­P193

Agno River Flood Control P

roj. Ph.II­A

DPWH

Ext­3/7/10

73,043,698

­ 73,043,698

90 JBIC PH­P231

Urgent B

ridges Construction Proj.­Rural Dev.

DPWH

Ext­3­24­12

200,539,336

­ 200,539,336

91 JBIC PH­P191

Metro Iligan Regional Infrastructure Dev. P

roj.

Provl Gov't­LD

N

Ext­6/7/10

30,718,308

­ 30,718,308

92 JBIC PH­P217

Arterial R

oad Link Dev.Proj. Ph.V

DPWH

Ext­9/25/10

89,965,018

­ 89,965,018

93 JBIC PH­P212

KAMANAVA Flood Control/D

ra.Sys.Im

p.Proj.

DPWH

Ext­9/4/09

96,852,863

­ 96,852,863

94 JBIC PH­P220

Rural Road Network Development P

roj.P

h.III

DPWH

Ext­9­25­11

67,305,635

­ 67,305,635

Kreditstanstalt Fu

r Wiede

raufba

u, German

y 289,868,094

6,670,026

283,198,068

1 KFW

Health Sector R

eform Project

DOH/MDFO

Active

13,883,000

­ 13,883,000

2 KFW

A1­200565887

Local G

overnm

ent U

nits Investment P

rogram

me

LBP

Active

20,824,500

­ 20,824,500

3 KFW

No. 19 Portion 1 & 2

Credit Line for S

mall &

Medium Enterprise II

LBP

Cancelled

35,491,326

­ 35,491,326

4 KFW

No. 15 #1095708

Industrial P

ollution Control I

DBP

Closed

6,530,404

­ 6,530,404

5 KFW

No. 18 Portion 1 & 2

Credit Line for S

mall &

Medium Enterprise I

DBP

Closed

35,491,326

­ 35,491,326

6 KFW

No. 21

Industrial P

ollution Control II

DBP

Closed

12,989,828

­ 12,989,828

7 KFW

No. 12 (A1­9160001)

Promotion of Small E

nterprise

LBP

Closed

10,469,941

­ 10,469,941

8 KFW

4197642

Provincial Tow

ns W

ater Supply Project I/II

LWUA

Closed

20,407,512

­ 20,407,512

9 KFW

No. 11#9687068

Sucat­Balintawak T/L & Substations

NPC

Closed

10,647,398

­ 10,647,398

10 KFW

No. 13 #335937/335988

Masinloc­Labrador Pow

er Project

NPC

Closed

35,561,092

3,831,846

31,729,245

11 KFW

No. 14 #335996

Energy Sector P

rogram

II

NPC

Closed

21,791,674

2,838,180

18,953,494

12 KFW

/EURO No. 3961971

Upgrading of P

hilippine Merchant M

arine Academy

PMMA

Closed

8,092,022

­ 8,092,022

13 KFW

/EURO No. 4306551

Upgrading of P

hilippine Merchant M

arine Academy

PMMA

Closed

10,363,467

­ 10,363,467

14 KFW

#3945906/200066412

Expansion of D

ual E

ducation & Training

TESDA

Closed

10,256,993

­ 10,256,993

15 KFW

04/BMZ2

0016596

Small M

edium Enterprise Financing Program

me

SBGFC

Ext­12/30/10

16,243,110

­ 16,243,110

16 KFW

No. 22/A­200196951

Credit Line for S

olid W

aste Managem

ent P

rogram

DBP

Ext­12/31/10

20,824,500

­ 20,824,500

US Pu

blic Law

s 220,000,000

870,720

219,129,280

1 US PL 480­24

Import of Rice (FY2

006)

DA

Active

20,000,000

575,047

19,424,953

2 US PL 480­18

Importation of Soybean Meal

DA

Closed

30,000,000

59

29,999,941

3 US PL 480­19

Importation of Rice & Soybean Meal

DA

Closed

40,000,000

291

39,999,709

4 US PL 480­20

Importation of Rice & Soybean Meal

DA

Closed

40,000,000

273,693

39,726,307

5 US PL 480­21

Importation of Rice & Soybean Meal

DA

Closed

20,000,000

16,833

19,983,167

6 US PL 480­22

Import of Rice (FY2

003­2004)

DA

Closed

40,000,000

­ 40,000,000

7 US PL 480­23

Import of Rice (FY2

004­2005)

DA

Closed

20,000,000

4,783

19,995,217

8 US PL 480­17

Importation of Soybean Meal

DA

Closed

10,000,000

15

9,999,985

69

Schedu

le I

NET

LOAN

NAM

E OF PR

OJE

CT

IA

COMMITMEN

T USD

USD

USD

CUMULA

TIVE

CAN

CEL

LATION

LOAN

ACCOUNT NUMBE

R

LOAN

ST

ATUS

CUMULA

TIVE

COMMITMEN

T

Other Creditors

702,256,857

1,643,750

700,613,107

1 ANZ/EFIC (Loan A)

Search & Rescue Vessels Project

DOTC

Active

87,677,701

­ 87,677,701

2 Saudi Fund for D

evelopment

Mindanao Roads Im

provem

ent P

roject

DPWH

Active

19,988,775

­ 19,988,775

3 SIDA IN

EC 1995­1065

Expansion of C

omputerized Geographic­based Inform

ation

Systems

DAR

Closed

2,372,866

12,493

2,360,373

4 ITALY

II (M

ediocreditor C

entrale)

Mindanao Telecommunication Development P

roj II

DOTC

Closed

11,266,324

50,005

11,216,319

5 Credit C

om'l de France ­ 1

5%

Telepono sa Barangay Phase II

DOTC

,MTP

O

Closed

6,131,155

­ 6,131,155

6 FO

RTIS BANK­DPWH

Dredging & Sanitation Works in Pasig River Phase I

DPWH

Closed

11,774,790

­ 11,774,790

7 KFA

ED No. 541

Mindanao 2nd Road Improv't. Proj.

DPWH

Closed

21,294,350

1,537,371

19,756,979

8 LE

ONIA BANK

Rehabilitation of W

aterways in the Pinatubo Pilot A

reas

DPWH

Closed

2,555,159

1 2,555,159

9 JA

PAN FOOD AGENCY # 4

Delivery of 30,075 metric ton of Rice

NFA

Closed

5,915,954

43,880

5,872,074

10 Belgian ­ No. 14 EUR6.296M

Modernization/Upgrading of LRV for L

RT Line 1

LRTA

Ext­2­28­09

8,764,728

­ 8,764,728

11 BNP PARIBAS EUR

Tulay ng Pangulo para sa Kaunlarang Pang­Agraryo

DAR

New

270,611,033

­ 270,611,033

12 BNP PARIBAS JPY

Mega Bridges for U

rban and Rural Dev't. Proj.

DPWH

New

253,904,022

­ 253,904,022

Total B

ilateral L

oans

13,563,610,411

1,274,676,427

12,288,933,985

Bank

of A

ustria Creditanstalt, Austria

246,816,087

­ 246,816,087

1 Bank of Austria Creditanstalt (212.060)

Supply of W

aste Disposal Facilities, Med. E

quipment etc.

DOH

Closed

20,164,214

­ 20,164,214

2 Bank of Austria Creditanstalt (213.469)

Improvem

ent of N

at'l Secondary Road System

DPWH

Closed

50,445,848

­ 50,445,848

3 Bank of Austria Creditanstalt (215.050)

Pres. Bridge Program

Phase II

DILG

Closed

100,891,696

­ 100,891,696

4 Bank of Austria Creditanstalt (216.437)

Upgrading of D

OH Hospital

DOH

Closed

43,383,429

­ 43,383,429

5 Bank of Austria Creditanstalt

Bridge C

onstruction Acceleration

Project for C

alam

ity S

tricken

Areas (B

CAP)

DPWH

New

31,930,900

­ 31,930,900

Banc

o Bilbao

Vizcaya

52,151,040

20,092

52,130,949

1 Banco Bilbao Vizcaya (U

S$18.5M

) Acquisition

of 14 Fisheries

Managem

ent Patrol Vessels for

Monitoring, Control and Surveilla

nce

BFA

R

Closed

18,558,684

­ 18,558,684

2 Banco Bilbao Vizcaya (U

S$9.4M)

Oceanographic & R

esearch Vessel

BFA

R

Closed

9,477,724

20,092

9,457,633

3 Banco Bilbao Vizcaya (U

S$4.3M)

Medical Equipment & Services

for Zamboanga City M

edical

Center

DOH

Closed

4,398,147

­ 4,398,147

4 Banco Bilbao Vizcaya (U

S$6.7M)

Upgrading of the Medical Equipment of D

EMS of P

GH

UP/PGH

Closed

6,779,175

­ 6,779,175

5 Banco Bilbao Vizcaya (U

S$12.9M

) AGRARIAN REFO

RM BRGYS

(ARCs)

DAR

Ext­3/30/08

12,937,311

­ 12,937,311

China

Nat'l Con

st.& Agr.M

achine

ry

59,965,616

­ 59,965,616

1 China Nat'l Const.& Agr.Machinery­CHI­2

Gen. S

antos Fish Port C

omplex Expansion Project

DA

Active

24,985,000

­ 24,985,000

2 China Nat'l Const.& Agr.Machinery­CHI­1

Banaoang Pum

p Irrigation Project

NIA

Ext­12/27/09

34,980,616

­ 34,980,616

Exim

bank

of C

hina

1,075,875,600

115,326

1,075,760,274

1 Eximbank of C

hina

North Luzon Railways Project

NLR

C

Active

400,000,000

­ 400,000,000

2 Eximbank of C

hina

Non­intru

sive Container Inspection System

BOC

Closed

58,625,200

115,326

58,509,874

3 Eximbank of C

hina

Non­intru

sive Container Inspection System,PII

BOC

Closed

117,250,400

­ 117,250,400

4 Eximbank of C

hina

Northrail Project Phase I, Section 2 (Malolos­Clark)

NLR

C

Ext­9­13­12

500,000,000

­ 500,000,000

70

Schedu

le I

NET

LOAN

NAM

E OF PR

OJE

CT

IA

COMMITMEN

T USD

USD

USD

CUMULA

TIVE

CAN

CEL

LATION

LOAN

ACCOUNT NUMBE

R

LOAN

ST

ATUS

CUMULA

TIVE

COMMITMEN

T

Expo

rt Credits Gua

rantee Dep

t., Gov't of Eng

land

170,797,918

­ 170,797,918

1 ECGD­Duetsche Bank Y2

.936B Com

m'l

Tulay Ng Pangulo sa Kaunlaran Project, P

I DPWH

Active

31,852,148

­ 31,852,148

2 ECGD­Deutsche Bank Y2

.9B Com

m'l

Tulay ni Pangulo sa Barangay

DPWH

Closed

31,890,180

­ 31,890,180

3 ECGD­Deutsche Bank Y4

.3B Com

m'l

Tulay ng Pangulo sa SZO

PAD

DPWH

Closed

46,859,040

­ 46,859,040

4 ECGD­Standard Chartered Bank

REHAB STE

EL BRIDGING COMPONENT

DPWH

Closed

23,609,625

­ 23,609,625

5 ECGD­Deutsche Bank Y3

.3B Com

m'l

Tulay ni Pangulo para sa Magsasaka

DAR

Ext­12/1/11

36,586,925

­ 36,586,925

Expo

rt Develop

men

t Corpo

ratio

n 124,440,000

2,261,023

122,178,977

1 EDC 880­PHI­7

535

Telepono sa Barangay Phase I

DOTC

Closed

24,990,000

2,261,023

22,728,977

2 EDC 880­PHI­8

314

Mindanao Telecommunication Systems Project

DOTC

, MTP

O

Closed

99,450,000

0 99,450,000

Fren

ch Protoco

l 28,149,689

2,510,521

25,639,168

1 FP

95­FF

13.5M

Upgrading of E

. Rodriguez Mem

orial H

ospital

DOH

Closed

2,868,853

­ 2,868,853

2 FP

95­FF

16.0M

Trophy Radiology­Upgrading Radio'l. I

DOH

Closed

3,386,320

2,291

3,384,028

3 FP

95­FF

3.2M

Metro Manila Traffic System/ B

. Paribas

DPWH

Closed

688,415

­ 688,415

4 FP

95­FF

8.4M

Crash Fire Rescue III Equipt. /C. Lyonnais

DOTC

Closed

1,777,818

­ 1,777,818

5 FP

97 FF

39.9M

Global M

aritime Distress Safety System Project

DOTC

Closed

8,463,132

2,427,649

6,035,482

6 FP

97 FF

60.1M

Trophy Radiology­Upgrading Radio'l. II

DOH

Closed

5,087,945

­ 5,087,945

7 FP

98­EUR .774M

Modern Gov't New

s/B. P

aribas

OPS

Closed

1,074,651

­ 1,074,651

8 FP

98­EUR 3.4M

Modern Gov't New

s/B. P

aribas

OPS

Closed

4,802,556

80,581

4,721,976

Other Creditors

313,571,656

13,544,468

300,027,188

1 BNP PARIBAS USD 13 M

Solar Pow

er Technology Support to ARC, P

hase II

DAR

Active

13,495,424

­ 13,495,424

2 ING Bank N.V. (Netherlands)

Dev. of S

ub­Speciality Capabilities for H

eart, Lung & Kidney

Patients

DOH

Active

20,267,633

­ 20,267,633

3 ANZ/EFIC (Loan B)

Search & Rescue Vessels Project

DOTC

Active

21,042,648

­ 21,042,648

4 BNP PARIBAS

Restoration/Rehab of W

aterways in Selected River Basins

Nationw

ide Phase I Project

DPWH

Active

7,478,922

­ 7,478,922

5 Bank of America (C/A­7/05/96)

Supply & Installation Of C

ompact Bailey Bridging & Com

ponents

DILG

Closed

24,040,383

24,087

24,016,295

6 Raiffeissen Zentralbank Osterreich Aktiengeselschaft II

Emergency Network Project

DILG

Closed

33,301,133

­ 33,301,133

7 Raiffeissen Zentralbank Osterreich Aktiengeselschaft I

Waste W

ater Treatment P

lants for D

OH Hospitals

DOH

Closed

20,911,116

­ 20,911,116

8 Bancaja (S

MCF­Spain)

Maritime Safety Improvem

ent P

roject­Ph 3

DOTC

Closed

7,014,271

­ 7,014,271

9 Credit A

gricole Indosuez

Global M

aritime Distress Safety System Project

DOTC

Closed

1,492,192

429,957

1,062,235

10 Credit C

om'l de France ­ 8

5%

Telepono sa Barangay Phase II

DOTC

,MTP

O

Closed

34,743,214

13,090,423

21,652,791

11 EFIC $14.8M

Expansion & Rehab­Baguio Water System Project

LWUA

Closed

14,800,000

­ 14,800,000

12 Banco Santander(SMCF­Spain)

Oceanographic & R

esearch Vessel Nos.473 & 474

NAMRIA

Closed

25,753,879

­ 25,753,879

13 FORTIS BANK­LRTA

Modernization/Upgrading of LRV for L

RT Line 1

LRTA

Ext­

9,201,326

­ 9,201,326

14 ERSTE

(Austria)

Development of C

enters of E

xcellence in Modern Manufacturing

Technology

TESDA

Ext­5/17/09

25,222,924

­ 25,222,924

15 SIDA

Credit Facility for E

nvironm

ental M

anagem

ent P

roj.

DBP

Ext­8/2/09

10,000,000

­ 10,000,000

16 BNP PARIBAS JPY

Mega Bridges for U

rban and Rural Dev't. Proj.

DPWH

New

44,806,592

­ 44,806,592

Total C

ommercial Loans

2,071,767,607

18,451,430

2,053,316,177

MULT

ILAT

ERAL

LOAN

S­

Asian Develop

men

t Ban

k 4,890,190,076

797,471,788

4,092,718,288

1 ADB2311 PHI

Integrated Coastal Resources Managem

ent Project

DA DENR

Active

33,800,000

­ 33,800,000

71

Schedu

le I

NET

LOAN

NAM

E OF PR

OJE

CT

IA

COMMITMEN

T USD

USD

USD

CUMULA

TIVE

CAN

CEL

LATION

LOAN

ACCOUNT NUMBE

R

LOAN

ST

ATUS

CUMULA

TIVE

COMMITMEN

T

2 ADB2063 PHI

Development of P

oor U

rban Com

munity Sector P

roj.

DBP

Active

35,996,339

­ 35,996,339

3 ADB2282 PHI

Pow

er Sector D

evelopment P

rogram

Cluster

DOE

Active

450,000,000

­ 450,000,000

4 ADB2315 PHI

Development P

olicy Support Program

DOF

Active

250,000,000

­ 250,000,000

5 ADB2137 PHI

Health Sector D

evelopment P

roject

DOH,LGUs

Active

13,000,000

­ 13,000,000

6 ADB1984 PHI

Electricity Market &

Transmission Development P

roj.

NPC

Active

40,000,000

­ 40,000,000

7 ADB2186 PHI

Small &

Medium Enterprise Development Support Project

SBGFC

Active

29,792,641

­ 29,792,641

8 ADB1562 PHI

Fisheries Resource Managem

ent P

roj.

BFA

R

Closed

16,976,856

2,783,661

14,193,195

9 ADB1563 PHI

Fisheries Resource Managem

ent P

roj.

BFA

R

Closed

20,222,000

12,014,813

8,207,187

10 ADB1421 PHI

Cordillera Highland Agricultural R

esource Mgnt. Proj.

DA

Closed

9,500,000

1,200,000

8,300,000

11 ADB1422 PHI

Cordillera Highland Agricultural R

esource Mgnt. Proj.

DA

Closed

9,791,496

2,347,250

7,444,246

12 ADB1739 PHI

Grains Sector D

evelopment P

rog. Loan

DA

Closed

100,000,000

70,000,000

30,000,000

13 ADB1740 PHI

Grains Sector D

evelopment P

roj. Loan

DA

Closed

75,000,000

69,496,929

5,503,071

14 ADB1332 PHI

Rural Infrastructure Dev't. Proj.

DA

Closed

18,369,260

7,508,576

10,860,684

15 ADB1667 PHI

Agrarian Reform Com

munities P

roj

DAR

Closed

93,162,000

20,565,940

72,596,060

16 ADB1751 PHI

Fund forTechnical Education & Skills Development P

roj.

DBP

Closed

23,502,195

13,283,559

10,218,636

17 ADB1654 PHI

Secondary Education Development. & Im

prov.Proj.

DECS

Closed

53,000,000

17,434,000

35,566,000

18 ADB1663 PHI (POLICY LO

AN)

MM Air Quality Improvem

ent S

ectorDevelopment P

rog.

DENR

Closed

200,000,000

­ 200,000,000

19 ADB1665 PHI

MM Air Quality Improvem

ent S

ectorDevelopment

DENR

Closed

71,000,000

42,961,188

28,038,812

20 ADB1658 PHI

Clark Area Municipal Development P

roj.

DILG

Closed

24,300,000

20,968,112

3,331,888

21 ADB2450 PHI

Development P

olicy Support Program

Cluster­Sub Program

2

DOF

Closed

250,000,000

­ 250,000,000

22 ADB1367 PHI

Regional M

unicipal Development P

roject

DOF/DILG

Closed

30,000,000

17,960,834

12,039,166

23 ADB1331 PHI

Wom

en's Health & Safe Motherhood Proj.

DOH

Closed

56,681,936

22,983,970

33,697,966

24 ADB1396 PHI

Integrated Com

munity Health Services Project

DOH

Closed

27,174,984

7,069,011

20,105,973

25 ADB2136 PHI

Health Sector D

evelopment P

rogram

DOH, P

hilhealth

Closed

200,000,000

­ 200,000,000

26 ADB1536 PHI

Third Airports Development P

roj. (Southern Phil.)

DOTC

Closed

93,000,000

80,842,035

12,157,965

27 ADB1322 PHI

Fourth Road Improvem

ent P

roject (S

upp)

DPWH

Closed

23,500,000

1,357,345

22,142,655

28 ADB1440 PHI

Rural W

ater Suppy & Sanitation Sector P

roj.

DPWH

Closed

18,500,000

9,019,630

9,480,370

29 ADB1441 PHI

Rural W

ater Suppy & Sanitation Sector P

roj.

DPWH

Closed

19,650,765

9,024,181

10,626,584

30 ADB1453 PHI

Bukidnon Integrated Area Dev't Proj.

DPWH

Closed

21,309,635

18,284,323

3,025,313

31 ADB1473 PHI

Sixth Road Project

DPWH

Closed

167,000,000

18,421,738

148,578,262

32 ADB1606 PHI

Early Childhood Development P

roj.

DSWD

Closed

15,700,000

2,272,017

13,427,983

33 ADB1607 PHI

Early Childhood Development P

roj.

DSWD

Closed

9,991,731

1,534,041

8,457,691

34 ADB1435 PHI

Rural Microenterprise Finance Project

LBP

Closed

20,975,397

365,233

20,610,164

35 ADB1664 PHI

MM Air Quality Improvem

ent S

ectorDevelopment P

roj.

LBP

Closed

33,163,347

25,335,761

7,827,586

36 ADB1729 PHI

LGU Private Infrastructure Project Development F

acility

LBP

Closed

3,414,039

2,997,909

416,130

37 ADB1472 PHI

Small Tow

ns W

ater Supply Sect P

roj.

LWUA

Closed

50,000,000

25,197,675

24,802,325

38 ADB1379 PHI

Umiray­Angat Transbasin Project

MWSS

Closed

92,000,000

4,222,722

87,777,278

39 ADB2012 PHI

MWSS New

Water Source Development P

roject

MWSS

Closed

3,260,000

2,071,470

1,188,530

40 ADB1365 PHI

Second Irrigations Systems Improvem

ent P

roject

NIA

Closed

15,000,000

1,738,553

13,261,447

41 ADB1366 PHI

Second Irrigations Systems Improvem

ent P

roject

NIA

Closed

14,834,340

1,300,353

13,533,987

42 ADB1398 PHI

North Luzon Transmission Project

NPC

Closed

244,000,000

82,320,987

161,679,013

43 ADB1474 PHI

Leyte­Mindanao Interconnection Eng'g. P

roj

NPC

Closed

5,347,000

435,162

4,911,838

44 ADB1590 PHI

Pow

er Transmission Reinforcement P

roj.

NPC

Closed

191,400,000

145,623,207

45,776,793

45 ADB1662 PHI

Pow

er Sector R

estru

cturing Program

NPC

Closed

300,000,000

­ 300,000,000

46 ADB1745 PHI

Pasig River Env. M

gnt. & Rehab. S

ec. D

ev. P

rog.

PRRC

Closed

100,000,000

­ 100,000,000

47 ADB1746 PHI

Pasig River Env. M

gnt. & Rehab. S

ec. D

ev. P

roj.

PRRC

Closed

75,000,000

­ 75,000,000

48 ADB1599 PHI

Subic Bay Area Municipal Development P

roj.

SBMA

Closed

22,000,000

20,828,370

1,171,630

72

Schedu

le I

NET

LOAN

NAM

E OF PR

OJE

CT

IA

COMMITMEN

T USD

USD

USD

CUMULA

TIVE

CAN

CEL

LATION

LOAN

ACCOUNT NUMBE

R

LOAN

ST

ATUS

CUMULA

TIVE

COMMITMEN

T

Asian Develop

men

t Ban

k 49 ADB1858 PHI

Nonbank Financial Governance Program

SEC

Closed

75,000,000

­ 75,000,000

50 ADB2003 PHI

Second Nonbank Financial Governance Program

SEC

Closed

150,000,000

­ 150,000,000

51 ADB2199 PHI

Microfinance Development P

rogram

SEC

Closed

150,000,000

­ 150,000,000

52 ADB2278 PHI

Financial M

arket R

egulation & Interm

ediation Program

Cluster

SEC

Closed

200,000,000

­ 200,000,000

53 ADB1363 PHI

Capital M

arket D

evelopment P

rog.

SEC (2

007 DOF)

Closed

75,000,000

­ 75,000,000

54 ADB1750 PHI

Technical E

ducation & Skills Development P

roj.

TESDA

Closed

25,000,000

3,739,000

21,261,000

55 ADB1668 PHI

Southern Philippines Irrigation Sector P

roject

NIA

Ext­ 6

/30/10

60,000,000

­ 60,000,000

56 ADB1772 PHI

Infras. For Rural Productivity Enhancement S

ector P

roject

DA

Ext­6/30/10

75,000,000

­ 75,000,000

57 ADB1843 PHI

Mindanao Basic Urban Services Sector P

roject

LBP

Ext­6­30­09

39,874,114

11,962,234

27,911,880

58 ADB2465 PHI

Agrarian Reform Com

munities Project II

DAR

New

70,000,000

­ 70,000,000

59 ADB2489 PHI

Governance in Justice Sector R

eform Program

DOF

NEW

300,000,000

­ 300,000,000

Internationa

l Ban

k for R

econ

struction an

d Develop

men

t 3,645,717,230

568,889,508

3,076,827,722

1 IBRD 7431 PH

National P

rogram

Support for T

ax Adm

inistration Reform Proj

BIR

Active

11,000,000

­ 11,000,000

2 IBRD 7440 PH

Mindanao Rural Development P

roject Phase II

DA

Active

83,752,000

­ 83,752,000

3 IBRD 7393 PH

National P

rogram

Support for B

asic Education Project

DECS

Active

200,000,000

­ 200,000,000

4 IBRD 7298 PH

Second Land Adm

inistration & Managem

ent P

roject

DENR

Active

18,995,000

­ 18,995,000

5 IBRD 7470 PH

National P

rogram

Support for E

nvironm

ent and Natural

Resources Managem

ent P

roject

DENR

Active

50,000,000

­ 50,000,000

6 IBRD 7424 PH

First D

evelopment P

olicy Loan Program

DOF

Active

250,000,000

­ 250,000,000

7 IBRD 7395 PH

National S

ector S

upport for H

ealth Reform Projects

DOH

Active

110,000,000

­ 110,000,000

8 IBRD 7290 PH

Second Wom

en's Health & Safe Motherhood Proj.

DOH,LGUs

Active

16,000,000

­ 16,000,000

9 IBRD 4833 PH

Support for S

trategic Local D

evelopment &

Investment P

roject

LBP

Active

127,018,370

­ 127,018,370

10 IBRD 7311 PH

Manila Third Sew

erage Project

LBP

Active

71,503,424

­ 71,503,424

11 IBRD 7205 PH

Laguna de Bay Institutional S

trengthening & Com

munity

Participation Proj.

LLDA

Active

5,000,000

­ 5,000,000

12 IBRD 7191 PH

Judicial Reform Support Project

Supreme Court

Active

21,900,000

­ 21,900,000

13 IBRD 4412 PH

Banking System Reform Loan

BSP

Closed

300,000,000

200,000,000

100,000,000

14 IBRD 4522 PH

Mindanao Rural Development P

roject

DA

Closed

27,500,000

6,956,000

20,544,000

15 IBRD 4109 PH

Agrarian Reform Com

munities Development P

roj.

DAR

Closed

50,000,000

327,888

49,672,112

16 IBRD 4535 PH

Social E

xpenditure Managem

ent P

rog.

DBM

Closed

100,000,000

68,157

99,931,843

17 IBRD 7118 PH

Second Social E

xpenditure Managem

ent P

rog.

DBM

Closed

100,000,000

­ 100,000,000

18 IBRD 4422­ PH

LGU Urban W

ater & Sanitation Project

DBP

Closed

23,300,000

18,545,483

4,754,517

19 IBRD 7080­ PH

LGU Urban W

ater & Sanitation Project Phase II

DBP

Closed

40,328,061

20,164,031

20,164,031

20 IBRD 4108 PH

Third Elementary Education Project

DECS

Closed

113,400,000

31,629,320

81,770,680

21 IBRD 7034 PH

Land Adm

inistration and Managem

ent P

roj.

DENR

Closed

4,790,000

1,288,036

3,501,964

22 IBRD 4299 PH

Com

munity Based Resources Managem

ent P

roj.

DOF­MDFO

Closed

50,000,000

14,482,035

35,517,965

23 IBRD 4446 PH

Local G

overnm

ent F

inance Development P

roject

DOF­MDFO

Closed

100,000,000

40,000,000

60,000,000

24 IBRD 3852 PH

Wom

en's Health & Safe Motherhood Proj.

DOH,LGUs

Closed

34,695,982

23,117,520

11,578,463

25 IBRD 7006 PH

National R

oad Improvem

ent &

Mgt. Proj.

DPWH

Closed

150,000,000

11,779,995

138,220,005

26 IBRD 4301 PH

Early Childhood Development P

roj.

DSWD

Closed

19,000,000

1,683,931

17,316,069

27 IBRD 3938 PH

Second Rural Finance Project (C

urr. Pool Loan)

LBP

Closed

50,000,000

­ 50,000,000

28 IBRD 3939 PH

Second Rural Finance Project (F

ixed Rate Single Cur. Ln.)

LBP

Closed

50,000,000

­ 50,000,000

29 IBRD 3940 PH

Second Rural Finance Project (F

loating Rate Single CL)

LBP

Closed

50,000,000

­ 50,000,000

30 IBRD 4228­ PH

Water Districts Development P

roject

LBP,LGUs

Closed

36,300,000

20,290,647

16,009,353

31 IBRD 4413­ PH

Third Rural Finance Project

LBP,PCFC

Closed

150,000,000

2,500,000

147,500,000

32 IBRD 4019­ PH

Manila Second Sew

erage Project

MWSS

Closed

57,000,000

21,933,260

35,066,740

73

Schedu

le I

NET

LOAN

NAM

E OF PR

OJE

CT

IA

COMMITMEN

T USD

USD

USD

CUMULA

TIVE

CAN

CEL

LATION

LOAN

ACCOUNT NUMBE

R

LOAN

ST

ATUS

CUMULA

TIVE

COMMITMEN

T

Internationa

l Ban

k for R

econ

struction an

d Develop

men

t 33 IBRD 4227­ PH

Water Districts Development P

roject

MWSS,LGUs

Closed

2,300,000

334,323

1,965,677

34 IBRD 4110 PH

Water Resources Development P

roject

NIA

Closed

58,000,000

19,105,150

38,894,850

35 IBRD 3996­ PH

Transm

ission Grid Reinforcement P

roject (C

urr. Pool Ln.)

NPC

Closed

33,902,427

­ 33,902,427

36 IBRD 3996­A PH

Transm

ission Grid Reinforcement P

roject(Floating Rate

Single Curr. Ln.)

NPC

Closed

98,603,561

65,220,496

33,383,064

37 IBRD 3997­ PH

Transm

ission Grid Reinforcement P

roject(Floating Rate

Single Curr. Ln.)

NPC

Closed

150,000,000

34,887,494

115,112,506

38 IBRD 4111­ PH

Second Subic Bay Freeport P

roject(Floating

Single Rate Curr.L

oan)

SBMA

Closed

60,000,000

34,471,996

25,528,004

39 IBRD 4300 PH

SZO

PAD Social Fund Project

SZO

PAD Social

Closed

10,000,000

103,748

9,896,252

40 IBRD 7152 PH

Agrarian Reform Com

munities Development P

roj. Phase II

DAR

Ext­12/31/09

50,000,000

­ 50,000,000

41 IBRD 7204­ PH

Rural Pow

er Project

DBP

Ext­12/31/12

12,888,405

­ 12,888,405

42 IBRD 7058 PH

MM Urban Transport Integration Project

DPWH

Ext­3/31/09

60,000,000

­ 60,000,000

43 IBRD 7147 PH

Com

mitm

ents

DSWD

Ext­5­30­10

100,000,000

­ 100,000,000

44 IBRD 7153 PH

ARMM Social Fund Proj.

ARMM Soc.

Ext­6/30/09

33,600,000

­ 33,600,000

45 IBRD 7236 PH

Diversified Farm

Income and Market D

evelopment P

roj.

DA

Ext­6­30­10

60,000,000

­ 60,000,000

46 IBRD 7615 PH

Food Crisis Response Development P

olicy

DOF

New

200,000,000

­ 200,000,000

47 IBRD 7552 PH

National R

oads Im

provem

ent and Managem

ent P

roject 2

DPWH

New

232,000,000

­ 232,000,000

48 IBRD 4887 PH

Bicol Pow

er Restoration Project

NPC

new

12,940,000

­ 12,940,000

Other Creditors

221,188,383

13,351,652

207,836,731

1 IFAD 0661­PH

Rural Microenterprise Promotion Program

me

DTI

Active

19,022,335

­ 19,022,335

2 IFAD 0397­PH

Cordillera Highland Agricultural R

esource Mgnt. Proj.

DA

Closed

9,472,661

3,411,161

6,061,500

3 IFAD 0474­PH

Western Mindanao Com

munity Initiative Project

DAR

Closed

16,942,970

­ 16,942,970

4 Nordic Development F

und Cr. No. 269

LGU Urban W

ater & Sanitation Project

DBP

Closed

7,701,350

­ 7,701,350

5 European Investment B

ank

Davao International A

irport D

evelopment P

roj.

DOTC

Closed

26,500,000

­ 26,500,000

6 OPEC 0704 ­P

Zamboanga­Pagadian Road Project, 6th Road

DPWH

Closed

10,000,000

5,174,982

4,825,018

7 IFAD 0416­PH

Rural Microenterprise Finance Project

LBP

Closed

15,633,741

467,232

15,166,508

8 OPEC 0799­P

SZO

PAD Social Fund Project

OP

Closed

10,000,000

2,799,053

7,200,947

9 Nordic Development F

und Cr. No. 331

Technical E

ducation & Skills Development P

roj.

TESDA

Closed

9,241,620

1,499,225

7,742,395

10 O

PEC 0841­P

Technical E

ducation & Skills Development P

roj.

TESDA

Closed

7,000,000

­ 7,000,000

11 Nordic Development F

und Cr. No. 327

Mindanao Basic Urban Services Sector P

roject

DILG

Ext­12/31/08

6,931,215

­ 6,931,215

12 IFA

D 0577­PH

Northern Mindanao Com

munity Initiative & Resources

Managem

ent P

roject

DAR

Ext­12/31/09

17,867,132

­ 17,867,132

13 IFA

D 749­PH

Second Cordillera Highland Agricultural R

esource Mgnt. Project

(CHARM2)

DA

New

24,875,361

­ 24,875,361

14 O

PEC 1224­P

Second Cordillera Highland Agricultural R

esource Mgnt. Project

(CHARM2)

DA

New

10,000,000

­ 10,000,000

15 O

PEC 1225­P

Agrarian Reform Com

munities and Projects II

DAR

New

30,000,000

­ 30,000,000

TOTA

L MULT

ILAT

ERAL

LOAN

S 8,757,095,689

1,379,712,948

7,377,382,741

TOTA

L ODA LO

ANS

24,392,473,708

2,672,840,805

21,719,632,903

TOTA

L ODA LO

ANS IN PHP

1,162,228,194,767

#############

1,034,875,348,946

74

Schedu

le I

NET

LOAN

NAM

E OF PR

OJE

CT

IA

COMMITMEN

T USD

USD

USD

CUMULA

TIVE

CAN

CEL

LATION

LOAN

ACCOUNT NUMBE

R

LOAN

ST

ATUS

CUMULA

TIVE

COMMITMEN

T

RECAPITULA

TION:

% TO TOTA

L NET LO

AN

NO. O

F LO

ANS

COMMITMENT

COMMITMENT

CANCELLATION

COMMITMENT

BILATE

RAL LO

ANS

160

55.61%

13,563,610,411

1,274,676,427

12,288,933,985

JBIC

94

45.41%

11,076,836,687

1,261,834,612

9,815,002,075

ECGD

5 3.85%

939,260,055

­ 939,260,055

EFIC

3 0.37%

89,484,745

217,405

89,267,340

KEXIM

6 0.44%

107,695,940

606,069

107,089,871

FRENCH PROC.

8 0.16%

39,793,421

2,813,753

36,979,668

ICO

8 0.40%

98,414,613

20,092

98,394,522

KFW

16

1.19%

289,868,094

6,670,026

283,198,068

US PL480

8 0.90%

220,000,000

870,720

219,129,280

OTH

ERS

12

2.88%

702,256,857

1,643,750

700,613,107

COMMERCIAL LO

ANS

47

8.49%

2,071,767,607

18,451,430

2,053,316,177

BAC

5 1.01%

246,816,087

­ 246,816,087

BBV

5 0.21%

52,151,040

20,092

52,130,949

CAMC

2 0.25%

59,965,616

­ 59,965,616

ECGD

5 0.70%

170,797,918

­ 170,797,918

EDC

2 0.51%

124,440,000

2,261,023

122,178,977

CEXIM

4 4.41%

1,075,875,600

115,326

1,075,760,274

FRENCH PROC.

8 0.12%

28,149,689

2,510,521

25,639,168

OTH

ERS

16

1.29%

313,571,656

13,544,468

300,027,188

MULTILATE

RAL LO

ANS

122

35.90%

8,757,095,689

1,379,712,948

7,377,382,741

ADB

59

20.05%

4,890,190,076

797,471,788

4,092,718,288

IBRD

48

14.95%

3,645,717,230

568,889,508

3,076,827,722

OTH

ERS

15

0.91%

221,188,383

13,351,652

207,836,731

TOTA

L ODA LOANS

329

100%

24,392,473,708

2,672,840,805

21,719,632,903

75

Schedu

le I

NET

LOAN

NAM

E OF PR

OJE

CT

IA

COMMITMEN

T USD

USD

USD

CUMULA

TIVE

CAN

CEL

LATION

LOAN

ACCOUNT NUMBE

R

LOAN

ST

ATUS

CUMULA

TIVE

COMMITMEN

T

RECAPITULA

TION (rounded to millions):

No. of

% to

Total

Cum

ulative

Cum

ulative

Net Loa

n Lo

ans

Com

mitm

ent

Com

mitm

ent

Cancellatio

n Com

mitm

ent

BILATE

RAL LO

ANS

160

55.61

13,564

1,275

12,289

JBIC

94

45.41

11,077

1,262

9,815

ECGD

5 3.85

939

­ 939

EFIC

3 0.37

89

0 89

KEXIM

6 0.44

108

1 107

FRENCH PROC.

8 0.16

40

3 37

ICO

8 0.40

98

0 98

KFW

16

1.19

290

7 283

US PL480

8 0.90

220

1 219

OTH

ERS

12

2.88

702

2 701

COMMERCIAL LO

ANS

47

8.49

2,072

18

2,053

BAC

5 1.01

247

­ 247

BBV

5 0.21

52

0 52

CAMC

2 0.25

60

­ 60

ECGD

5 0.70

171

­ 171

EDC

2 0.51

124

2 122

CEXIM

4 4.41

1,076

0 1,076

FRENCH PROC.

8 0.12

28

3 26

OTH

ERS

16

1.29

314

14

300

MULTILATE

RAL LO

ANS

122

35.90

8,757

1,380

7,377

ADB

59

20.05

4,890

797

4,093

IBRD

48

14.95

3,646

569

3,077

OTH

ERS

15

0.91

221

13

208

TOTA

L ODA LOANS

329

100.00

24,392

2,673

21,720

Particulars

76

Schedu

le II

ODA LO

AN AVA

ILMEN

TS AND UNDRAW

N BAL

ANCES

FY

2008

CUMULA

TIVE

CY 2008

UNDRAW

N

AVAILM

ENT

AVAILM

ENTS

BA

LANCE

USD

USD

USD

BILA

TERAL

LOAN

S Ex

port Credits Gua

rantee Dep

t., Gov't of Eng

land

663,571,793.01

­ 275,688,261.54

1 ECGD­Duetsche Bank Y1

6.640B

Bila

Tulay Ng Pangulo sa Kaunlaran Project, P

I DPWH

Active

74,238,857.86

­ 106,256,647.65

2 ECGD­Deutsche Bank Y1

6.6B

Bila

Tulay ni Pangulo sa Barangay

DPWH

Closed

180,711,020.00

­ ­

3 ECGD­Deutsche Bank Y2

0.3B

Bila

Tulay ng Pangulo sa SZO

PAD

DPWH

Closed

265,421,321.85

­ 113,238.15

4 ECGD­Deutsche Bank Y9

.6B

SALA

M Bridge

DPWH/ARMM

Closed

105,193,059.36

­ ­

5 ECGD­Deutsche Bank Y1

9B Bila

Tulay ni Pangulo para sa Magsasaka

DAR

Extended

38,007,533.93

­ 169,318,375.74

Expo

rt Finan

ce In

suranc

e Corpo

ratio

n (EFIC), Au

stralia

89,267,339.68

­ ­

1 EFIC II (1

996)

MM Sydney Coordinated AdaptiveTraffic System

DPWH,TEC

Closed

22,949,529.53

­ ­

2 EFIC III (1997)

Municipal Solar Infrastructure Project

DILG

Closed

27,806,700.15

­ ­

3 EFIC IV

Search & Rescue Vessels

DOTC

Closed

38,511,110.00

­ ­

Expo

rt­Im

port Ban

k of Korea

31,460,317.01

456,232.76

75,629,553.86

1 Export­Import Bank of Korea (P

HL­8)

Widening of Gapan­San Fernando­Olongapo Road & Emergency

Dredging Project

DPWH

Active

547,545.61

190,660.37

16,529,954.39

2 Export­Import Bank of Korea (P

HL­2)

Mindanao Pow

er Transmission Project

NPC

Closed

5,955,485.93

­ ­

3 Export­Import Bank of Korea (P

HL­3)

Luzon Transm

ission Line & Substation Project

NPC

Closed

4,466,948.12

­ 4,126,449.88

4 Export­Import Bank of Korea (P

HL­7)­EDCF South Manila Com

muter Rail P

roject

PNR

Ext­3/29/10

3,955,517.00

­ 31,044,483.00

5 Export­Import Bank of Korea (P

HL­7)­

South Manila Com

muter Rail P

roject

PNR

Ext­3/29/10

14,927,144.72

265,572.38

9,466,794.22

6 Export­Import Bank of Korea (P

HL­5)

Laguindingan Airport D

evelopment P

roj.

DOTC

/ATO

Ext­6/28/12

1,607,675.64

­ 14,461,872.36

Fren

ch Protoco

l 36,196,915.50

­ 782,752.57

1 FP

95#846­OD1 FP

VIII(a)

Trophy Radiology­Upgrading Radio'l. I

DOH

Closed

5,076,042.19

­ 3,437.10

2 FP

95#846­OEI F

P IX

(b)

Upgrading of E

. Rodriguez Mem

orial H

ospital

DOH

Closed

4,300,163.83

­ 779,315.46

3 FP

97#908­OC1 FP

VIII(b)

Trophy Radiology­Upgrading Radio'l. II

DOH

Closed

7,631,917.95

­ ­

4 FP

95#846­OGI

Crash Fire Rescue III Equipt. Proj. /N. B

anque

DOTC

Closed

2,666,726.63

­ ­

5 FP

97#908­0D

1 FP

VIII(c)

Global M

aritime Distress Safety System Project

DOTC

Closed

9,961,525.07

­ ­

6 FP

95#846­OHI

Metro Manila Traffic System/ N

. Banque

DPWH

Closed

1,032,622.08

­ ­

7 FP

98­EUR .741M #960­OAI

Modern Gov't. New

s/N. B

anque

OPS

Closed

1,028,964.94

­ ­

8 FP

98­EUR 3.4M #960­OAI

Modern Gov't. New

s/N. B

anque

OPS

Closed

4,498,952.80

­ ­

Institu

to Credito Ofic

ial

93,844,521.87

­ 4,550,000.00

1 ICO (U

S$18.5M

) Acquisition of 14 Fisheries Managem

ent P

atrol V

essels for

Monitoring, Control and Surveilla

nce

BFA

R

Closed

18,558,684.00

­ ­

2 ICO (U

S$9.4M)

Oceanographic & R

esearch Vessel

BFA

R

Closed

9,457,632.50

­ ­

3 ICO (U

S$12.9M

) Solar Pow

er Technology Support to A

RC

DAR

Closed

12,937,310.99

­ ­

4 ICO USD 13.495 M

Solar Pow

er Technology Support to ARC, P

hase II

DAR

Closed

8,945,424.00

­ 4,550,000.00

5 ICO (U

S$4.3M)

Medical Equipment &

Services for Z

amboanga City Medical Center

DOH

Closed

4,398,146.88

­ ­

6 ICO (U

S$25.7M

) SPANISH MIXED CREDIT FACILITY

DOTC

Closed

25,753,878.00

­ ­

7 ICO (U

S$7M)

Maritime Safety Improvem

ent P

roject­Ph 3

DOTC

Closed

7,014,271.00

­ ­

8 ICO (U

S$6.7M)

Upgrading of the Medical Equipment of D

EMS of P

GH

UP/PGH

Closed

6,779,174.50

­ ­

77

LOAN

STA

TUS

IA

NAM

E OF PR

OJE

CT

LOAN

ACCOUNT NUMBE

R

Schedu

le II

CUMULA

TIVE

CY 2008

UNDRAW

N

AVAILM

ENT

AVAILM

ENTS

BA

LANCE

USD

USD

USD

LO

AN S

TATU

S IA

NAM

E OF PR

OJE

CT

LOAN

ACCOUNT NUMBE

R

Japa

n Ba

nk fo

r Interna

tiona

l Coo

peratio

n 8,188,767,994.93

458,994,392.66

1,626,234,080.24

1 JB

IC PH­P235

ARMM Social Fund for P

eace & Dev. P

roj.

ARMM

Active

11,993,957.09

3,840,956.24

14,798,132.91

2 JB

IC PH­P228

New

Com

munications, N

avigations Surveilla

nce/Air Traffic Mgm

t. (CNS/ATM

) System Dev't. Proj.

ATO

Active

5,601,952.73

5,601,952.73

233,563,550.27

3 JB

IC PH­P226

Subic­Clark­Tarlac Expressway Project

BCDA

Active

494,582,553.84

74,726,828.67

145,791,785.16

4 JB

IC PH­P222

Mindanao Sustainable Settlement A

rea Development P

roj.

DA, D

AR

Active

60,624,334.13

5,402,426.09

10,043,870.87

5 JB

IC PH­P242

Agrarian Reform Infrastructure Support Project, P

hase III

DAR

Active

15,447,947.80

15,447,947.80

112,568,346.20

6 JB

IC PH­P200

Secondary Education Development. & Im

prov.Proj.

DECS

Active

65,928,413.41

21,540,624.74

12,278,456.59

7 JB

IC PH­P225

Sustainable Environm

ental M

gt. P

roj. in Northern Palaw

an

DOT

Active

21,130,819.80

1,782,662.23

931,978.20

8 JB

IC PH­P223

Agno River Flood Control P

roj. Ph. II­B

DPWH

Active

27,691,761.36

3,077,345.22

2,560,521.64

9 JB

IC PH­P224

Laoag River Basin Flood Control &

SABO Proj.

DPWH

Active

67,122,209.37

10,791,959.77

1,311,513.63

10 JBIC PH­P227

Arterial R

oad Link Dev.Proj. Ph.VI

DPWH

Active

49,073,833.45

24,050,807.89

23,850,547.55

11 JBIC PH­P230

Iloilo Flood Control P

roj. Ph.II

DPWH

Active

46,385,989.39

17,309,714.56

27,265,140.61

12 JBIC PH­P236

Arterial R

oad Bypass Proj. Ph. I

DPWH

Active

1,261,834.31

174,976.42

66,239,046.69

13 JBIC PH­P237

Central M

indanao Road Proj.

DPWH

Active

2,654,647.73

162,518.63

37,663,651.27

14 JBIC PH­P239

Pasig­Marikina River Channel Im

provem

ent P

roj. Ph. II

DPWH

Active

4,521,972.81

4,521,972.81

87,992,090.19

15 JBIC PH­P241

Pinatubo Hazard Urgent M

itigation Proj. PIII

DPWH

Active

1,562,344.92

1,562,344.92

163,398,831.08

16 JBIC PH­P221

Help for C

atubig Agr. A

dv. P

roj., SI

NIA

Active

26,742,209.79

10,182,910.28

29,770,660.21

17 JBIC PH­P229

Bago River Irrigation System Reh.& Im

p. Proj.

NIA

Active

19,345,899.59

4,005,698.65

15,624,828.41

18 JBIC PH­P215

Subic Bay Port D

evelopment P

roject

SBMA

Active

125,924,746.57

16,781,527.86

52,508,403.43

19 JBIC PH­P238

Subic Bay Freeport E

nvironm

ent M

ngt. Proj. (Phase II)

SBMA

Active

­ ­

10,749,377.00

20 JBIC PH­P232

Marine Disaster R

esponse & Environm

ental P

rotection System Proj.

DOTC

Cancelled

­ ­

106,083,660.00

21 JBIC PH­P218

MM Interchange Construction Proj. Ph. V

DPWH

Cancelled

3,116,284.27

­ ­

22 JBIC PH­P233

Northern Luzon Wind Pow

er Project

PNOC­EDC

Cancelled

­ ­

63,530,879.00

23 JBIC PH­P197

Fisheries Resource Managem

ent P

roj.

BFA

R

Closed

16,221,726.89

­ ­

24 JBIC­BSR

Banking Sector R

eform Program

BSP

Closed

131,031,760.00

­ ­

25 JBIC PH­P152

Agrarian Reform Infrastructure Support Proj. PI

DAR

Closed

63,086,922.98

­ ­

26 JBIC PH­P169

Rural Farmers & Agra.Ref. S

upport Credit P

rogram

DAR

Closed

2,464,477.03

­ ­

27 JBIC PH­P203

Agrarian Reform Infrastructure Support Proj. PII

DAR

Closed

133,785,262.72

­ ­

28 JBIC PH­P170

Environm

ental Infra Support Credit P

rogram

DBP

Closed

54,869,167.60

­ ­

29 JBIC PH­P189

Dom

estic Shipping Modernization Program

Phase II

DBP

Closed

210,251,926.53

­ ­

30 JBIC PH­P198

Industrial S

upport Services Expansion Prog ­Ph 2

DBP

Closed

382,467,581.62

­ ­

31 JBIC PH­P199

Environm

ental Infra Support Credit P

rogram

Phase II

DBP

Closed

222,677,839.90

­ ­

32 JBIC PH­P184

Third Elementary Education Project

DECS

Closed

103,708,585.26

­ ­

33 JBIC PH­CL 020 (POLICY LO

AN)

MM Air Quality Improvem

ent S

ector D

evelopment P

rog.

DENR

Closed

393,746,100.00

­ ­

34 JBIC PH­P194

Southern Mindanao Integ.Coast. Z

one Mgt. P

roj.

DENR

Closed

24,183,217.25

­ ­

35 JBIC PH­P201

Rural W

ater Suppy & Sanitation Sector P

roj. P5

DILG

Closed

5,045,740.75

­ ­

36 JBIC­PSR

Pow

er Sector R

estru

cturing Program

DOE

Closed

408,498,020.00

­ ­

37 JBIC­PSDP

Pow

er Sector D

evelopment P

rogram

DOF/DOE

Closed

377,475,600.00

­ ­

38 JBIC PH­P159

Maritime Safety Improvem

ent P

roj.P

h.B

DOTC

Closed

57,082,420.86

­ ­

39 JBIC PH­P160

NW Air Navigation Facilities Modernization Project (3

) DOTC

Closed

67,285,377.57

­ ­

40 JBIC PH­P173

Social R

eform Related Feeder P

orts Dev't. Projects

DOTC

Closed

46,494,337.72

5,175,438.13

­ 41 JBIC PH­P190

Selected Airports (T

/L) D

ev. P

roj. Ph.l

DOTC

Closed

25,323,457.86

­ ­

42 JBIC PH­P208

Maritime Safety Improvem

ent P

roj.P

h.C

DOTC

Closed

2,725,984.21

­ ­

43 JBIC PH­P214

New

Iloilo Airport D

ev't. Proj.

DOTC

Closed

155,352,877.48

38,012,591.96

4,358,350.52

44 JBIC PH­P219

Selected Airports (T

/L) D

ev. P

roj. Ph.lI

DOTC

Closed

69,888,036.60

18,652,389.38

57,488,284.40

45 JBIC PH­P155

Agno & Allie

d Rivers Urgent R

ehab. P

roj.

DPWH

Closed

89,902,817.54

­ ­

78

Schedu

le II

CUMULA

TIVE

CY 2008

UNDRAW

N

AVAILM

ENT

AVAILM

ENTS

BA

LANCE

USD

USD

USD

LO

AN S

TATU

S IA

NAM

E OF PR

OJE

CT

LOAN

ACCOUNT NUMBE

R

46 JBIC PH­P158

Metro Cebu Devt. Proj III (Cebu So

uth Coastal Road)

DPWH

Closed

199,339,573.81

­ ­

47 JBIC PH­P162

Rural Road Network Dev't. Proj. Ph

.II (N

at'l. Roads)

DPWH

Closed

135,737,696.24

­ ­

48 JBIC PH­P163

Arterial R

oad Link Dev't Proj. P

h II

DPWH

Closed

41,692,234.70

­ ­

49 JBIC PH­P164

PJFH

Rehab & Im

provem

ent P

roject II

DPWH

Closed

96,862,418.07

­ ­

50 JBIC PH­P165

MM Interchange Construction Proj. P

h. III

DPWH

Closed

19,695,945.76

­ ­

51 JBIC PH­P166

Mt. Pinatubo Hazard Mitigation Proj.

DPWH

Closed

74,961,226.17

­ ­

52 JBIC PH­P174

PJFH

Mindanao Se

ction Rehab Proj.Ph. I

DPWH

Closed

80,923,868.46

­ ­

53 JBIC PH­P175

Second MMBP

roj­P

hase 2 and Metro Cebu Road Proj.

DPWH

Closed

68,768,553.21

­ 2,745,717.79

54 JBIC PH­P179

MM Flood Control Proj. & West of M

angahan Floodw

ay

DPWH

Closed

97,175,086.89

7,905,289.02

­ 55 JBIC PH­P180

Lower Agusan Dev't Project(F

lood Control C

omponent­PII)

DPWH

Closed

79,370,106.69

­ ­

56 JBIC PH­P186

MM Interchange Construction Proj. P

h. IV

DPWH

Closed

55,278,438.65

­ ­

57 JBIC PH­P188

Arterial R

oad Link Dev't Proj. P

h III

DPWH

Closed

127,685,553.85

­ ­

58 JBIC PH­P192

Iloilo Flood Control Proj. Ph

.I DPWH

Closed

3,674,407.62

­ ­

59 JBIC PH­P204

Arterial R

oad Link Dev. P

roj. Ph

.lV

DPWH

Closed

165,427,897.10

7,848,680.28

­ 60 JBIC PH­P205

Cordillera Road Improvem

ent P

roj.

DPWH

Closed

59,895,294.35

4,258,497.86

­ 61 JBIC PH­P206

PJFH

Mindanao Se

ction Rehab Proj.Ph. ll

DPWH

Closed

80,627,349.20

452,551.95

­ 62 JBIC PH­P207

Rehab & Maint.of B

ridges along Arterial R

oad Proj. P

h. IV

DPWH

Closed

41,063,119.88

­ ­

63 JBIC PH­P209

Pinatubo Hazard Urgent M

itigation Proj. P

­ll

DPWH

Closed

82,794,608.63

­ ­

64 JBIC PH­P210

Pasig­Marikina River Channel Im

provem

ent P

roj. Ph

. I

DPWH

Closed

10,469,676.40

­ ­

65 JBIC PH­P216

Magsaysay Bridge & Butuan City B

ypass Rd., P

II DPWH

Closed

38,032,248.88

648,387.33

­ 66 JBIC­UNTIED

Sixth Road Project

DPWH

Closed

168,367,527.30

­ ­

67 JBIC PH­P157

Metro Cebu Dev. P

roj. III (C

ebu So

uth Reclamation)

LBP

Closed

133,329,879.14

­ ­

68 JBIC PH­P168

Rural Farmers & Ag

ra.Ref. S

upport Credit P

rogram

LB

P Closed

113,785,471.54

­ ­

69 JBIC PH­P195

LGU's Support Credit P

rogram

LB

P Closed

65,821,903.63

­ ­

70 JBIC PH­P167

MM Strategic MRT Devt.(Line 2) P

roject , Ph

ase I

LRTA

Closed

223,300,583.69

­ ­

71 JBIC PH­P171

MM Strategic MRT Devt.(Line 2) P

roject , Ph

ase II

LRTA

Closed

283,184,829.04

­ ­

72 JBIC PH­P185

MM Strategic MRT Dev't. (Line 2) Project , Ph

ase III

LRTA

Closed

146,177,455.85

­ ­

73 JBIC PH­P211

LRT Line I Capacity Expansion Proj. Ph

. II

LRTA

Closed

222,800,916.30

37,714,573.30

18,674,997.70

74 JBIC PH­P154

Provincial Cities W

ater Supply IV

LWUA

Closed

20,797,674.17

­ ­

75 JBIC PH­P181

Provincial Cities W

ater Supply V

LWUA

Closed

45,802,474.24

­ ­

76 JBIC PH­P153

Lower Agusan Dev't Project (Irrigation Com

ponent)

NIA

Closed

42,294,700.21

­ ­

77 JBIC PH­P161

Improvem

ent in Po

wer Grid Proj.

NPC

Closed

14,820,228.78

­ ­

78 JBIC PH­P177

Leyte­Bo

hol Interconnection

NPC

Closed

83,509,488.99

­ ­

79 JBIC PH­P178

Gereenfield & Casecnan Hydropower Asso. Transmission Line)

NPC

Closed

100,457,398.17

­ ­

80 JBIC PH­P183

Special Economic Zones Env. M

gmt. Project

PEZA

Closed

5,800,617.75

­ 23,985,244.25

81 JBIC PH­P213

Mindanao Container Terminal Proj.

PHIVIDEC

Closed

89,650,350.90

­ ­

82 JBIC PH­P176

Northern Negros Geothermal Project

PNOC

Closed

114,008,053.04

­ ­

83 JBIC PH­P172

Batangas Port D

evt P

roj Phase II (E

ng'g Services)

PPA

Closed

5,454,838.51

­ ­

84 JBIC PH­P187

Batangas Port D

evelopment P

roj. (Phase II)

PPA

Closed

155,112,208.71

­ ­

85 JBIC PH­P156

Boracay En

vironm

ental Infrastructure Proj.

PTA

Closed

14,648,878.37

­ ­

86 JBIC PH­P182

Subic Ba

y Freeport En

vironm

ent M

ngt. Proj.

SBMA

Closed

8,654,359.99

­ ­

87 JBIC PH­P196

Central Luzon Irrigation Proj./Casecnan Multi­purpose Irrigation & Pow

er

Proj.

NIA

Ext­1/7/2009

125,055,195.54

31,505,595.97

28,277,996.46

88 JBIC PH­P202

Bohol Irrigation Proj. P

h. ll

NIA

Ext­3/28/09

54,942,348.82

5,922,800.06

10,985,717.18

89 JBIC PH­P193

Agno River Flood Control Proj. Ph

.II­A

DPWH

Ext­3/7/10

58,092,414.48

5,813,714.92

14,951,283.52

90 JBIC PH­P231

Urgent B

ridges Construction Proj.­R

ural Dev.

DPWH

Ext­3­24­12

76,530,179.77

35,737,656.97

124,009,156.23

91 JBIC PH­P191

Metro Iligan Regional Infrastructure Dev. P

roj.

Provl G

ov't­LD

N

Ext­6/7/10

14,449,171.81

1,850,191.82

16,269,136.19

79

Schedu

le II

CUMULA

TIVE

CY 2008

UNDRAW

N

AVAILM

ENT

AVAILM

ENTS

BA

LANCE

USD

USD

USD

LO

AN S

TATU

S IA

NAM

E OF PR

OJE

CT

LOAN

ACCOUNT NUMBE

R

Japa

n Ba

nk fo

r Interna

tiona

l Coo

peratio

n 92 JBIC PH­P217

Arterial R

oad Link Dev.Proj. Ph.V

DPWH

Ext­9/25/10

62,503,769.18

18,618,652.27

27,461,248.82

93 JBIC PH­P212

KAMANAVA Flood Control/D

ra.Sys.Im

p.Proj.

DPWH

Ext­9/4/09

73,808,245.16

13,178,823.62

23,044,617.84

94 JBIC PH­P220

Rural Road Network Development P

roj.P

h.III

DPWH

Ext­9­25­11

11,848,576.60

4,733,382.31

55,457,058.40

Kreditstanstalt Fu

r Wiede

raufba

u, German

y 144,595,033.18

4,636,115.91

138,603,034.37

1 KFW

Health Sector R

eform Project

DOH/MDFO

Active

­ ­

13,883,000.00

2 KFW

A1­200565887

Local G

overnm

ent U

nits Investment P

rogram

me

LBP

Active

12,170,626.09

­ 8,653,873.91

3 KFW

No. 19 Portion 1 & 2

Credit Line for S

mall &

Medium Enterprise II

LBP

Cancelled

­ ­

35,491,325.93

Kreditstanstalt Fu

r Wiede

raufba

u, German

y 4 KFW

No. 15 #1095708

Industrial P

ollution Control I

DBP

Closed

3,388,234.03

­ 3,142,169.94

5 KFW

No. 18 Portion 1 & 2

Credit Line for S

mall &

Medium Enterprise I

DBP

Closed

18,414,315.39

­ 17,077,010.54

6 KFW

No. 21

Industrial P

ollution Control II

DBP

Closed

12,989,825.30

­ 2.82

7 KFW

No. 12 (A1­9160001)

Promotion of Small E

nterprise

LBP

Closed

5,432,223.04

­ 5,037,718.11

8 KFW

4197642

Provincial Tow

ns W

ater Supply Project I/II

LWUA

Closed

20,318,188.17

­ 89,324.24

9 KFW

No. 11#9687068

Sucat­Balintawak T/L & Substations

NPC

Closed

5,524,294.62

­ 5,123,103.16

10 KFW

No. 13 #335937/335988

Masinloc­Labrador Pow

er Project

NPC

Closed

16,462,397.96

­ 15,266,847.42

11 KFW

No. 14 #335996

Energy Sector P

rogram

II

NPC

Closed

9,435,455.63

­ 9,518,038.58

12 KFW

/EURO No. 3961971

Upgrading of P

hilippine Merchant M

arine Academy

PMMA

Closed

8,092,022.30

­ ­

13 KFW

/EURO No. 4306551

Upgrading of P

hilippine Merchant M

arine Academy

PMMA

Closed

10,241,424.46

­ 122,042.72

14 KFW

#3945906/200066412

Expansion of D

ual E

ducation & Training

TESDA

Closed

9,435,688.97

347,171.90

821,304.22

15 KFW

04/BMZ2

0016596

Small M

edium Enterprise Financing Program

me

SBGFC

Ext­12/30/10

5,476,104.06

4,288,944.01

10,767,005.94

16 KFW

No. 22/A­200196951

Credit Line for S

olid W

aste Managem

ent P

rogram

DBP

Ext­12/31/10

7,214,233.15

­ 13,610,266.85

US Pu

blic Law

s 219,129,123.08

­ 156.71

1 US PL 480­24

Import of Rice (FY2

006)

DA

Active

19,424,953.00

­ ­

2 US PL 480­18

Importation of Soybean Meal

DA

Closed

29,999,940.84

­ ­

3 US PL 480­19

Importation of Rice & Soybean Meal

DA

Closed

39,999,709.36

­ ­

4 US PL 480­20

Importation of Rice & Soybean Meal

DA

Closed

39,726,307.33

­ ­

5 US PL 480­21

Importation of Rice & Soybean Meal

DA

Closed

19,983,167.44

­ ­

6 US PL 480­22

Import of Rice (FY2

003­2004)

DA

Closed

39,999,843.29

­ 156.71

7 US PL 480­23

Import of Rice (FY2

004­2005)

DA

Closed

19,995,217.01

­ ­

8 US PL 480­17

Importation of Soybean Meal

DA

Closed

9,999,984.81

­ ­

Other Creditors

154,155,247.37

754,497.29

546,457,859.61

1 ANZ/EFIC (Loan A)

Search & Rescue Vessels Project

DOTC

Active

85,599,005.56

­ 2,078,695.31

2 Saudi Fund for D

evelopment

Mindanao Roads Im

provem

ent P

roject

DPWH

Active

754,497.29

754,497.29

19,234,277.71

3 SIDA IN

EC 1995­1065

Expansion of C

omputerized Geographic­based Inform

ation Systems

DAR

Closed

2,360,373.31

­ ­

4 ITALY

II (M

ediocreditor C

entrale)

Mindanao Telecommunication Development P

roj II

DOTC

Closed

11,216,318.81

­ ­

5 Credit C

om'l de France ­ 1

5%

Telepono sa Barangay Phase II

DOTC

,MTP

O

Closed

6,131,155.31

­ ­

6 FO

RTIS BANK­DPWH

Dredging & Sanitation Works in Pasig River Phase I

DPWH

Closed

11,774,790.09

­ ­

7 KFA

ED No. 541

Mindanao 2nd Road Improv't. Proj.

DPWH

Closed

19,749,358.68

­ 7,620.26

8 LE

ONIA BANK

Rehabilitation of W

aterways in the Pinatubo Pilot A

reas

DPWH

Closed

2,555,158.68

­ ­

9 JA

PAN FOOD AGENCY # 4

Delivery of 30,075 metric ton of Rice

NFA

Closed

5,872,073.63

­ ­

10 Belgian ­ No. 14 EUR6.296M

Modernization/Upgrading of LRV for L

RT Line 1

LRTA

Ext­2­28­09

8,142,516.00

­ 622,211.97

11 BNP PARIBAS EUR

Tulay ng Pangulo para sa Kaunlarang Pang­Agraryo

DAR

New

­

­ 270,611,032.74

12 BNP PARIBAS JPY

Mega Bridges for U

rban and Rural Dev't. Proj.

DPWH

New

­

­ 253,904,021.62

Total B

ilateral L

oans

9,620,988,285.62

464,841,238.62

2,667,945,698.90

80

Schedu

le II

CUMULA

TIVE

CY 2008

UNDRAW

N

AVAILM

ENT

AVAILM

ENTS

BA

LANCE

USD

USD

USD

LO

AN S

TATU

S IA

NAM

E OF PR

OJE

CT

LOAN

ACCOUNT NUMBE

R

Bank

of A

ustria Creditanstalt, Austria

214,702,498.41

­ 32,113,588.42

1 Bank of Austria Creditanstalt (212.060)

Supply of W

aste Disposal Facilities, Med. E

quipment etc.

DOH

Closed

20,164,214.30

­ ­

2 Bank of Austria Creditanstalt (213.469)

Improvem

ent of N

at'l Secondary Road System

DPWH

Closed

50,366,155.04

­ 79,692.68

3 Bank of Austria Creditanstalt (215.050)

Pres. Bridge Program

Phase II

DILG

Closed

100,788,699.94

­ 102,995.74

4 Bank of Austria Creditanstalt (216.437)

Upgrading of D

OH Hospital

DOH

Closed

43,383,429.14

­ ­

5 Bank of Austria Creditanstalt

Bridge Construction Acceleration Project for C

alam

ity Stricken Areas

(BCAP)

DPWH

New

­

­ 31,930,900.00

Banc

o Bilbao

Vizcaya

52,130,948.89

­ ­

1 Banco Bilbao Vizcaya (U

S$18.5M

) Acquisition of 14 Fisheries Managem

ent P

atrol V

essels for

Monitoring, Control and Surveilla

nce

BFA

R

Closed

18,558,684.00

­ ­

2 Banco Bilbao Vizcaya (U

S$9.4M)

Oceanographic & R

esearch Vessel

BFA

R

Closed

9,457,632.50

­ ­

3 Banco Bilbao Vizcaya (U

S$4.3M)

Medical Equipment &

Services for Z

amboanga City Medical Center

DOH

Closed

4,398,146.89

­ ­

4 Banco Bilbao Vizcaya (U

S$6.7M)

Upgrading of the Medical Equipment of D

EMS of P

GH

UP/PGH

Closed

6,779,174.50

­ ­

5 Banco Bilbao Vizcaya (U

S$12.9M

) AGRARIAN REFO

RM BRGYS

(ARCs)

DAR

Ext­3/30/08

12,937,311.00

­ ­

China

Nat'l Con

st.& Agr.M

achine

ry

42,711,186.64

1,254,917.23

17,254,429.36

1 China Nat'l Const.& Agr.Machinery­CHI­2

Gen. S

antos Fish Port C

omplex Expansion Project

DA

Active

24,985,000.00

­ ­

2 China Nat'l Const.& Agr.Machinery­CHI­1

Banaoang Pum

p Irrigation Project

NIA

Ext­12/27/09

17,726,186.64

1,254,917.23

17,254,429.36

Exim

bank

of C

hina

296,252,522.28

7,962,416.00

779,507,751.34

1 Eximbank of C

hina

North Luzon Railways Project

NLR

C

Active

120,492,248.66

7,962,416.00

279,507,751.34

2 Eximbank of C

hina

Non­intru

sive Container Inspection System

BOC

Closed

58,509,873.62

­ ­

3 Eximbank of C

hina

Non­intru

sive Container Inspection System,PII

BOC

Closed

117,250,400.00

­ ­

4 Eximbank of C

hina

Northrail Project Phase I, Section 2 (Malolos­Clark)

NLR

C

Ext­9­13­12

­ ­

500,000,000.00

Expo

rt Credits Gua

rantee Dep

t., Gov't of Eng

land

170,797,918.27

­ ­

1 ECGD­Duetsche Bank Y2

.936B Com

m'l

Tulay Ng Pangulo sa Kaunlaran Project, P

I DPWH

Active

31,852,148.03

­ ­

2 ECGD­Deutsche Bank Y2

.9B Com

m'l

Tulay ni Pangulo sa Barangay

DPWH

Closed

31,890,180.00

­ ­

3 ECGD­Deutsche Bank Y4

.3B Com

m'l

Tulay ng Pangulo sa SZO

PAD

DPWH

Closed

46,859,040.00

­ ­

4 ECGD­Standard Chartered Bank

REHAB STE

EL BRIDGING COMPONENT

DPWH

Closed

23,609,625.00

­ ­

5 ECGD­Deutsche Bank Y3

.3B Com

m'l

Tulay ni Pangulo para sa Magsasaka

DAR

Ext­12/1/11

36,586,925.24

­ ­

Expo

rt Develop

men

t Corpo

ratio

n 122,178,977.37

­ ­

1 EDC 880­PHI­7

535

Telepono sa Barangay Phase I

DOTC

Closed

22,728,977.46

­ ­

2 EDC 880­PHI­8

314

Mindanao Telecommunication Systems Project

DOTC

, MTP

O

Closed

99,449,999.91

­ ­

Fren

ch Protoco

l 25,637,157.76

­ 2,010.22

1 FP

95­FF

13.5M

Upgrading of E

. Rodriguez Mem

orial H

ospital

DOH

Closed

2,866,843.12

­ 2,010.13

2 FP

95­FF

16.0M

Trophy Radiology­Upgrading Radio'l. I

DOH

Closed

3,384,028.08

­ ­

3 FP

95­FF

3.2M

Metro Manila Traffic System/ B

. Paribas

DPWH

Closed

688,414.72

­ 0.04

4 FP

95­FF

8.4M

Crash Fire Rescue III Equipt. /C. Lyonnais

DOTC

Closed

1,777,817.75

­ ­

5 FP

97 FF

39.9M

Global M

aritime Distress Safety System Project

DOTC

Closed

6,035,482.20

­ ­

6 FP

97 FF

60.1M

Trophy Radiology­Upgrading Radio'l. II

DOH

Closed

5,087,945.10

­ ­

7 FP

98­EUR .774M

Modern Gov't New

s/B. P

aribas

OPS

Closed

1,074,650.93

­ 0.04

8 FP

98­EUR 3.4M

Modern Gov't New

s/B. P

aribas

OPS

Closed

4,721,975.85

­ ­

81

Schedu

le II

CUMULA

TIVE

CY 2008

UNDRAW

N

AVAILM

ENT

AVAILM

ENTS

BA

LANCE

USD

USD

USD

LO

AN S

TATU

S IA

NAM

E OF PR

OJE

CT

LOAN

ACCOUNT NUMBE

R

Other Creditors

236,854,287.70

12,242,696.17

63,172,900.77

1 BNP PARIBAS USD 13 M

Solar Pow

er Technology Support to ARC, P

hase II

DAR

Active

13,495,424.00

3,250,000.00

­ 2 ING Bank N.V. (Netherlands)

Dev. of S

ub­Speciality Capabilities for H

eart, Lung & Kidney Patients

DOH

Active

15,694,441.96

1,937,790.51

4,573,191.48

3 ANZ/EFIC (Loan B)

Search & Rescue Vessels Project

DOTC

Active

20,513,957.12

­ 528,691.09

4 BNP PARIBAS

Restoration/Rehab of W

aterways in Selected River Basins Nationw

ide DPWH

Active

1,121,838.89

1,121,838.89

6,357,082.62

5 Bank of America (C/A­7/05/96)

Supply & Installation Of C

ompact Bailey Bridging & Com

ponents

DILG

Closed

24,016,295.12

­ ­

6 Raiffeissen Zentralbank Osterreich

Emergency Network Project

DILG

Closed

33,301,132.66

­ ­

7 Raiffeissen Zentralbank Osterreich

Waste W

ater Treatment P

lants for D

OH Hospitals

DOH

Closed

20,911,115.52

­ ­

8 Bancaja (S

MCF­Spain)

Maritime Safety Improvem

ent P

roject­Ph 3

DOTC

Closed

7,014,271.00

­ ­

9 Credit A

gricole Indosuez

Global M

aritime Distress Safety System Project

DOTC

Closed

1,062,234.73

­ ­

10 Credit C

om'l de France ­ 8

5%

Telepono sa Barangay Phase II

DOTC

,MTP

O

Closed

21,652,791.02

­ ­

11 EFIC $14.8M

Expansion & Rehab­Baguio Water System Project

LWUA

Closed

14,077,751.96

­ 722,248.04

12 Banco Santander(SMCF­Spain)

Oceanographic & R

esearch Vessel Nos.473 & 474

NAMRIA

Closed

25,753,879.00

­ ­

13 FORTIS BANK­LRTA

Modernization/Upgrading of LRV for L

RT Line 1

LRTA

Ext­

8,496,025.78

­ 705,300.52

14 ERSTE

(Austria)

Development of C

enters of E

xcellence in Modern Manufacturing

Technology

TESDA

Ext­5/17/09

23,549,391.71

5,933,066.77

1,673,532.20

15 SIDA

Credit Facility for E

nvironm

ental M

anagem

ent P

roj.

DBP

Ext­8/2/09

6,193,737.23

­ 3,806,262.77

16 BNP PARIBAS JPY

Mega Bridges for U

rban and Rural Dev't. Proj.

DPWH

New

­

­ 44,806,592.05

Total C

ommercial Loans

1,161,265,497.32

21,460,029.40

892,050,680.11

MULT

ILAT

ERAL

LOAN

S­

Asian Develop

men

t Ban

k 3,547,416,629.31

316,427,636.08

545,301,658.95

1 ADB2311 PHI

Integrated Coastal Resources Managem

ent Project

DA DENR

Active

697,326.61

679,581.61

33,102,673.39

2 ADB2063 PHI

Development of P

oor U

rban Com

munity Sector P

roj.

DBP

Active

12,005,231.54

2,574,388.82

23,991,107.43

3 ADB2282 PHI

Pow

er Sector D

evelopment P

rogram

Cluster

DOE

Active

450,000,000.00

­ ­

4 ADB2315 PHI

Development P

olicy Support Program

DOF

Active

250,000,000.00

­ ­

5 ADB2137 PHI

Health Sector D

evelopment P

roject

DOH,LGUs

Active

2,012,180.83

839,927.60

10,987,819.17

6 ADB1984 PHI

Electricity Market &

Transmission Development P

roj.

NPC

Active

32,094,532.33

14,282,023.97

7,905,467.67

7 ADB2186 PHI

Small &

Medium Enterprise Development Support Project

SBGFC

Active

26,056,346.95

4,507,175.62

3,736,294.43

8 ADB1562 PHI

Fisheries Resource Managem

ent P

roj.

BFA

R

Closed

14,193,195.22

­ ­

9 ADB1563 PHI

Fisheries Resource Managem

ent P

roj.

BFA

R

Closed

8,207,186.86

­ ­

10 ADB1421 PHI

Cordillera Highland Agricultural R

esource Mgnt. Proj.

DA

Closed

8,300,000.00

­ ­

11 ADB1422 PHI

Cordillera Highland Agricultural R

esource Mgnt. Proj.

DA

Closed

7,444,246.19

­ ­

12 ADB1739 PHI

Grains Sector D

evelopment P

rog. Loan

DA

Closed

30,000,000.00

­ ­

13 ADB1740 PHI

Grains Sector D

evelopment P

roj. Loan

DA

Closed

5,503,071.19

­ ­

14 ADB1332 PHI

Rural Infrastructure Dev't. Proj.

DA

Closed

10,860,684.04

­ ­

15 ADB1667 PHI

Agrarian Reform Com

munities P

roj

DAR

Closed

72,596,059.84

(48,940.16)

­ 16 ADB1751 PHI

Fund forTechnical Education & Skills Development P

roj.

DBP

Closed

10,218,635.90

­ ­

17 ADB1654 PHI

Secondary Education Development. & Im

prov.Proj.

DECS

Closed

32,118,575.12

6,336,154.34

3,447,424.88

18 ADB1663 PHI (POLICY LO

AN)

MM Air Quality Improvem

ent S

ectorDevelopment P

rog.

DENR

Closed

200,000,000.00

­ ­

19 ADB1665 PHI

MM Air Quality Improvem

ent S

ectorDevelopment Proj.

(Investment C

omp.)

DENR

Closed

28,038,811.89

199,221.71

­ 20 ADB1658 PHI

Clark Area Municipal Development P

roj.

DILG

Closed

3,331,887.54

­ ­

21 ADB2450 PHI

Development P

olicy Support Program

Cluster­Sub Program

2

DOF

Closed

250,000,000.00

250,000,000.00

­ 22 ADB1367 PHI

Regional M

unicipal Development P

roject

DOF/DILG

Closed

12,039,166.02

­ ­

23 ADB1331 PHI

Wom

en's Health & Safe Motherhood Proj.

DOH

Closed

33,697,965.66

­ ­

82

Schedu

le II

CUMULA

TIVE

CY 2008

UNDRAW

N

AVAILM

ENT

AVAILM

ENTS

BA

LANCE

USD

USD

USD

LO

AN S

TATU

S IA

NAM

E OF PR

OJE

CT

LOAN

ACCOUNT NUMBE

R

Asian Develop

men

t Ban

k 24 ADB1396 PHI

Integrated Com

munity Health Services Project

DOH

Closed

20,105,972.76

­ ­

25 ADB2136 PHI

Health Sector D

evelopment P

rogram

DOH, P

hilhealth

Closed

200,000,000.00

­ ­

26 ADB1536 PHI

Third Airports Development P

roj. (Southern Phil.)

DOTC

Closed

12,157,965.04

­ ­

27 ADB1322 PHI

Fourth Road Improvem

ent P

roject (S

upp)

DPWH

Closed

22,142,654.91

­ ­

28 ADB1440 PHI

Rural W

ater Suppy & Sanitation Sector P

roj.

DPWH

Closed

9,480,370.22

­ ­

29 ADB1441 PHI

Rural W

ater Suppy & Sanitation Sector P

roj.

DPWH

Closed

10,626,583.68

­ ­

30 ADB1453 PHI

Bukidnon Integrated Area Dev't Proj.

DPWH

Closed

3,025,312.93

­ ­

31 ADB1473 PHI

Sixth Road Project

DPWH

Closed

148,578,262.13

­ ­

32 ADB1606 PHI

Early Childhood Development P

roj.

DSWD

Closed

13,427,983.09

­ ­

33 ADB1607 PHI

Early Childhood Development P

roj.

DSWD

Closed

8,457,690.80

­ ­

34 ADB1435 PHI

Rural Microenterprise Finance Project

LBP

Closed

20,610,164.13

­ ­

35 ADB1664 PHI

MM Air Quality Improvem

ent S

ectorDevelopment P

roj.

LBP

Closed

7,827,586.03

­ ­

36 ADB1729 PHI

LGU Private Infrastructure Project Development F

acility

LBP

Closed

416,130.35

­ ­

37 ADB1472 PHI

Small Tow

ns W

ater Supply Sect P

roj.

LWUA

Closed

24,802,325.20

­ ­

38 ADB1379 PHI

Umiray­Angat Transbasin Project

MWSS

Closed

87,777,277.94

­ ­

39 ADB2012 PHI

MWSS New

Water Source Development P

roject

MWSS

Closed

1,188,529.79

159,136.09

­ 40 ADB1365 PHI

Second Irrigations Systems Improvem

ent P

roject

NIA

Closed

13,261,447.16

­ ­

41 ADB1366 PHI

Second Irrigations Systems Improvem

ent P

roject

NIA

Closed

13,533,987.01

­ ­

42 ADB1398 PHI

North Luzon Transmission Project

NPC

Closed

161,679,013.02

­ ­

43 ADB1474 PHI

Leyte­Mindanao Interconnection Eng'g. P

roj

NPC

Closed

4,911,837.98

­ ­

44 ADB1590 PHI

Pow

er Transmission Reinforcement P

roj.

NPC

Closed

43,295,154.30

­ 2,481,639.06

45 ADB1662 PHI

Pow

er Sector R

estru

cturing Program

NPC

Closed

300,000,000.00

­ ­

46 ADB1745 PHI

Pasig River Env. M

gnt. & Rehab. S

ec. D

ev. P

rog.

PRRC

Closed

100,000,000.00

­ ­

47 ADB1746 PHI

Pasig River Env. M

gnt. & Rehab. S

ec. D

ev. P

roj.

PRRC

Closed

63,028,175.00

14,100,466.21

11,971,825.00

48 ADB1599 PHI

Subic Bay Area Municipal Development P

roj.

SBMA

Closed

1,171,629.99

­ ­

49 ADB1858 PHI

Nonbank Financial Governance Program

SEC

Closed

75,000,000.00

­ ­

50 ADB2003 PHI

Second Nonbank Financial Governance Program

SEC

Closed

150,000,000.00

­ ­

51 ADB2199 PHI

Microfinance Development P

rogram

SEC

Closed

150,000,000.00

­ ­

52 ADB2278 PHI

Financial M

arket R

egulation & Interm

ediation Program

Cluster

SEC

Closed

200,000,000.00

­ ­

53 ADB1363 PHI

Capital M

arket D

evelopment P

rog.

SEC (2

007 DOF)

Closed

75,000,000.00

­ ­

54 ADB1750 PHI

Technical E

ducation & Skills Development P

roj.

TESDA

Closed

16,629,629.56

1,102,866.94

4,631,370.44

55 ADB1668 PHI

Southern Philippines Irrigation Sector P

roject

NIA

Ext­ 6

/30/10

41,095,768.30

8,301,492.86

18,904,231.70

56 ADB1772 PHI

Infras. For Rural Productivity Enhancement S

ector P

roject

DA

Ext­6/30/10

25,627,307.12

8,965,078.42

49,372,692.88

57 ADB1843 PHI

Mindanao Basic Urban Services Sector P

roject

LBP

Ext­6­30­09

23,142,767.14

4,429,062.05

4,769,112.91

58 ADB2465 PHI

Agrarian Reform Com

munities Project II

DAR

New

­

­ 70,000,000.00

59 ADB2489 PHI

Governance in Justice Sector R

eform Program

DOF

NEW

­ ­

300,000,000.00

Internationa

l Ban

k for R

econ

struction an

d Develop

men

t 1,968,541,782.03

183,219,382.91

1,108,285,940.24

1 IBRD 7431 PH

National P

rogram

Support for T

ax Adm

inistration Reform Proj

BIR

Active

398,192.35

295,243.44

10,601,807.65

2 IBRD 7440 PH

Mindanao Rural Development P

roject Phase II

DA

Active

3,050,000.00

2,050,000.00

80,702,000.00

3 IBRD 7393 PH

National P

rogram

Support for B

asic Education Project

DECS

Active

73,210,841.57

61,599,856.01

126,789,158.43

4 IBRD 7298 PH

Second Land Adm

inistration & Managem

ent P

roject

DENR

Active

4,723,481.15

2,083,833.03

14,271,518.85

5 IBRD 7470 PH

National P

rogram

Support for E

nvironm

ent and Natural Resources

Managem

ent P

roject

DENR

Active

4,000,000.00

4,000,000.00

46,000,000.00

6 IBRD 7424 PH

First D

evelopment P

olicy Loan Program

DOF

Active

250,000,000.00

­ ­

7 IBRD 7395 PH

National S

ector S

upport for H

ealth Reform Projects

DOH

Active

18,322,279.58

11,637,615.90

91,677,720.42

8 IBRD 7290 PH

Second Wom

en's Health & Safe Motherhood Proj.

DOH,LGUs

Active

875,433.19

249,115.43

15,124,566.81

83

Schedu

le II

CUMULA

TIVE

CY 2008

UNDRAW

N

AVAILM

ENT

AVAILM

ENTS

BA

LANCE

USD

USD

USD

LO

AN S

TATU

S IA

NAM

E OF PR

OJE

CT

LOAN

ACCOUNT NUMBE

R

Internationa

l Ban

k for R

econ

struction an

d Develop

men

t 9 IBRD 4833 PH

Support for S

trategic Local D

evelopment &

Investment P

roject

LBP

Active

16,767,556.32

13,877,613.36

110,250,813.68

10 IBRD 7311 PH

Manila Third Sew

erage Project

LBP

Active

20,416,864.98

4,488,988.23

51,086,559.02

11 IBRD 7205 PH

Laguna de Bay Institutional S

trengthening & Com

munity Participation

Proj.

LLDA

Active

1,981,640.51

1,305,242.22

3,018,359.49

12 IBRD 7191 PH

Judicial Reform Support Project

Supreme Court

Active

9,983,473.54

1,391,808.97

11,916,526.46

13 IBRD 4412 PH

Banking System Reform Loan

BSP

Closed

100,000,000.00

­ ­

14 IBRD 4522 PH

Mindanao Rural Development P

roject

DA

Closed

19,920,815.09

­ 623,184.91

15 IBRD 4109 PH

Agrarian Reform Com

munities Development P

roj.

DAR

Closed

49,672,112.23

­ ­

16 IBRD 4535 PH

Social E

xpenditure Managem

ent P

rog.

DBM

Closed

99,931,843.18

­ ­

17 IBRD 7118 PH

Second Social E

xpenditure Managem

ent P

rog.

DBM

Closed

100,000,000.00

­ ­

18 IBRD 4422­ PH

LGU Urban W

ater & Sanitation Project

DBP

Closed

4,754,516.84

­ ­

19 IBRD 7080­ PH

LGU Urban W

ater & Sanitation Project Phase II

DBP

Closed

9,101,439.51

770,438.71

11,062,591.14

20 IBRD 4108 PH

Third Elementary Education Project

DECS

Closed

81,770,679.95

­ ­

21 IBRD 7034 PH

Land Adm

inistration and Managem

ent P

roj.

DENR

Closed

3,503,444.71

­ (1,480.45)

22 IBRD 4299 PH

Com

munity Based Resources Managem

ent P

roj.

DOF­MDFO

Closed

35,517,965.41

­ ­

23 IBRD 4446 PH

Local G

overnm

ent F

inance Development P

roject

DOF­MDFO

Closed

52,327,870.66

17,257,252.13

7,672,129.34

24 IBRD 3852 PH

Wom

en's Health & Safe Motherhood Proj.

DOH,LGUs

Closed

11,578,462.72

­ ­

25 IBRD 7006 PH

National R

oad Improvem

ent &

Mgt. Proj.

DPWH

Closed

138,220,005.17

­ ­

26 IBRD 4301 PH

Early Childhood Development P

roj.

DSWD

Closed

17,316,069.23

­ ­

27 IBRD 3938 PH

Second Rural Finance Project (C

urr. Pool Loan)

LBP

Closed

50,000,000.00

­ ­

28 IBRD 3939 PH

Second Rural Finance Project (F

ixed Rate Single Cur. Ln.)

LBP

Closed

50,000,000.00

­ ­

29 IBRD 3940 PH

Second Rural Finance Project (F

loating Rate Single CL)

LBP

Closed

50,000,000.00

­ ­

30 IBRD 4228­ PH

Water Districts Development P

roject

LBP,LGUs

Closed

16,009,352.52

­ ­

31 IBRD 4413­ PH

Third Rural Finance Project

LBP,PCFC

Closed

147,500,000.00

­ ­

32 IBRD 4019­ PH

Manila Second Sew

erage Project

MWSS

Closed

35,066,740.23

­ ­

33 IBRD 4227­ PH

Water Districts Development P

roject

MWSS,LGUs

Closed

1,965,677.27

­ ­

34 IBRD 4110 PH

Water Resources Development P

roject

NIA

Closed

38,894,849.69

­ ­

35 IBRD 3996­ PH

Transm

ission Grid Reinforcement P

roject (C

urr. Pool Ln.)

NPC

Closed

33,902,426.77

­ ­

36 IBRD 3996­A PH

Transm

ission Grid Reinforcement P

roject(Floating Rate Single Curr.

NPC

Closed

33,383,064.45

­ ­

37 IBRD 3997­ PH

Transm

ission Grid Reinforcement P

roject(Floating Rate Single Curr.

NPC

Closed

115,112,506.15

­ ­

38 IBRD 4111­ PH

Second Subic Bay Freeport P

roject(Floating Single Rate Curr.L

oan)

SBMA

Closed

25,528,003.74

­ ­

39 IBRD 4300 PH

SZO

PAD Social Fund Project

SZO

PAD Social

Closed

9,896,252.41

­ ­

40 IBRD 7152 PH

Agrarian Reform Com

munities Development P

roj. Phase II

DAR

Ext­12/31/09

43,295,566.47

9,325,907.86

6,704,433.53

41 IBRD 7204­ PH

Rural Pow

er Project

DBP

Ext­12/31/12

12,417,824.98

3,118,134.71

470,580.42

42 IBRD 7058 PH

MM Urban Transport Integration Project

DPWH

Ext­3/31/09

47,698,674.95

12,135,164.85

12,301,325.05

43 IBRD 7147 PH

Kapit­Bisig sa Kahirapan­Com

prehensive & Integrated Delivery Of

DSWD

Ext­5­30­10

73,364,433.12

16,275,297.46

26,635,566.88

44 IBRD 7153 PH

ARMM Social Fund Proj.

ARMM Soc. F

und

Ext­6/30/09

29,837,420.95

5,311,721.79

3,762,579.05

45 IBRD 7236 PH

Diversified Farm

Income and Market D

evelopment P

roj.

DA

Ext­6­30­10

27,324,000.44

16,046,148.81

32,675,999.56

46 IBRD 7615 PH

Food Crisis Response Development P

olicy

DOF

New

­

­ 200,000,000.00

47 IBRD 7552 PH

National R

oads Im

provem

ent and Managem

ent P

roject 2

DPWH

New

­

­ 232,000,000.00

48 IBRD 4887 PH

Bicol Pow

er Restoration Project

NPC

new

­ ­

12,940,000.00

Other Creditors

103,523,177.75

12,391,251.31

104,313,553.11

1 IFAD 0661­PH

Rural Microenterprise Promotion Program

me

DTI

Active

1,497,470.47

1,087,259.60

17,524,864.03

2 IFAD 0397­PH

Cordillera Highland Agricultural R

esource Mgnt. Proj.

DA

Closed

6,061,499.94

­ ­

3 IFAD 0474­PH

Western Mindanao Com

munity Initiative Project

DAR

Closed

14,761,588.72

553,523.44

2,181,381.28

4 Nordic Development F

und Cr. No. 269

LGU Urban W

ater & Sanitation Project

DBP

Closed

875,985.43

­ 6,825,364.57

84

Schedu

le II

CUMULA

TIVE

CY 2008

UNDRAW

N

AVAILM

ENT

AVAILM

ENTS

BA

LANCE

USD

USD

USD

LO

AN S

TATU

S IA

NAM

E OF PR

OJE

CT

LOAN

ACCOUNT NUMBE

R

5 European Investment B

ank

Davao International A

irport D

evelopment P

roj.

DOTC

Closed

23,189,472.73

­ 3,310,527.27

6 OPEC 0704 ­P

Zamboanga­Pagadian Road Project, 6th Road

DPWH

Closed

4,825,018.35

­ ­

7 IFAD 0416­PH

Rural Microenterprise Finance Project

LBP

Closed

15,166,508.11

­ ­

8 OPEC 0799­P

SZO

PAD Social Fund Project

OP

Closed

7,200,947.34

­ ­

9 Nordic Development F

und Cr. No. 331

Technical E

ducation & Skills Development P

roj.

TESDA

Closed

7,742,395.11

4,180,488.39

­ 10 O

PEC 0841­P

Technical E

ducation & Skills Development P

roj.

TESDA

Closed

6,237,320.65

2,733,967.49

762,679.35

11 Nordic Development F

und Cr. No. 327

Mindanao Basic Urban Services Sector P

roject

DILG

Ext­12/31/08

6,140,897.84

1,069,937.77

790,317.16

12 IFA

D 0577­PH

Northern Mindanao Com

munity Initiative & Resources Managem

ent

DAR

Ext­12/31/09

9,824,073.04

2,766,074.61

8,043,058.96

13 IFA

D 749­PH

Second Cordillera Highland Agricultural R

esource Mgnt. Project

DA

New

­

­ 24,875,360.50

14 O

PEC 1224­P

Second Cordillera Highland Agricultural R

esource Mgnt. Project

DA

New

­

­ 10,000,000.00

15 O

PEC 1225­P

Agrarian Reform Com

munities and Projects II

DAR

New

­

­ 30,000,000.00

TOTA

L MULT

ILAT

ERAL

LOAN

S 5,619,481,589.09

512,038,270.30

1,757,901,152.31

TOTA

L ODA LO

ANS

16,401,735,372.04

998,339,538.33

5,317,897,531.32

TOTA

L ODA LO

ANS IN PHP

###############

###############

253,381,863,674.62

REC

APITULA

TION:

% TO TOTA

L Cum

ulative

CY 2008

AVAILM

ENTS

153

58.66%

BILA

TERAL

LOAN

S 91

49.93%

9,620,988,285.62

464,841,238.62

2,667,945,698.90

JBIC

5 4.05%

8,188,767,994.93

458,994,392.66

1,626,234,080.24

ECGD

3 0.54%

663,571,793.01

­ 275,688,261.54

EFIC

6 0.19%

89,267,339.68

­ ­

KEXIM

8 0.22%

31,460,317.01

456,232.76

75,629,553.86

FRENCH PROC.

8 0.57%

36,196,915.50

­ 782,752.57

ICO

14

0.88%

93,844,521.87

­ 4,550,000.00

KFW

8

1.34%

144,595,033.18

4,636,115.91

138,603,034.37

US PL480

10

0.94%

219,129,123.08

­ 156.71

OTH

ERS

154,155,247.37

754,497.29

546,457,859.61

44

7.08%

COMMER

CIAL LO

ANS

4 1.31%

1,161,265,497.32

21,460,029.40

892,050,680.11

BAC

5 0.32%

214,702,498.41

­ 32,113,588.42

BBV

2 0.26%

52,130,948.89

­ ­

CAMC

5 1.04%

42,711,186.64

1,254,917.23

17,254,429.36

ECGD

2 0.74%

170,797,918.27

­ ­

EDC

3 1.81%

122,178,977.37

­ ­

CEXIM

8 0.16%

296,252,522.28

7,962,416.00

779,507,751.34

FRENCH PROC.

15

1.44%

25,637,157.76

­ 2,010.22

OTH

ERS

236,854,287.70

12,242,696.17

63,172,900.77

114

34.26%

MULT

ILAT

ERAL

LOAN

S 57

21.63%

5,619,481,589.09

512,038,270.30

1,757,901,152.31

ADB

45

12.00%

3,547,416,629.31

316,427,636.08

545,301,658.95

IBRD

12

0.63%

1,968,541,782.03

183,219,382.91

1,108,285,940.24

OTH

ERS

103,523,177.75

12,391,251.31

104,313,553.11

TOTA

L ODA LO

ANS

311

100%

16,401,735,372.04

998,339,538.33

5,317,897,531.32

85

Und

rawn Ba

lanc

e

Schedu

le II

CUMULA

TIVE

CY 2008

UNDRAW

N

AVAILM

ENT

AVAILM

ENTS

BA

LANCE

USD

USD

USD

LO

AN S

TATU

S IA

NAM

E OF PR

OJE

CT

LOAN

ACCOUNT NUMBE

R

REC

APITULA

TION (rou

nded

to m

illions):

No. of L

oans

% TO TOTA

L Cum

ulative

CY 2008

AVAILM

ENTS

BILATE

RAL LO

ANS

153

58.66%

9,621

465

2,668

JBIC

91

49.93%

8,189

459

1,626

ECGD

5 4.05%

664

­ 276

EFIC

3 0.54%

89

­ ­

KEXIM

6 0.19%

31

0 76

FRENCH PROC.

8 0.22%

36

­ 1

ICO

8 0.57%

94

­ 5

KFW

14

0.88%

145

5 139

US PL480

8 1.34%

219

­ 0

OTH

ERS

10

0.94%

154

1 546

COMMERCIAL LO

ANS

44

7.08%

1,161

21

892

BAC

4 1.31%

215

­ 32

BBV

5 0.32%

52

­ ­

CAMC

2 0.26%

43

1 17

ECGD

5 1.04%

171

­ ­

EDC

2 0.74%

122

­ ­

CEXIM

3 1.81%

296

8 780

FRENCH PROC.

8 0.16%

26

­ 0

OTH

ERS

15

1.44%

237

12

63

MULTILATE

RAL LO

ANS

114

34.26%

5,619

512

1,758

ADB

57

21.63%

3,547

316

545

IBRD

45

12.00%

1,969

183

1,108

OTH

ERS

12

0.63%

104

12

104

TOTA

L ODA LOANS

311

100%

16,402

998

5,318

Und

rawn Ba

lanc

e

86

Particulars

Schedu

le III

ACTU

AL DEB

T SE

RVICE EX

PENDITURES

Fo

r FY 2008

COMMITMEN

T OTH

ER

FEES

CHAR

GES

USD

PH

P USD

PH

P PH

P PH

P PH

P

332,611,811

14,579,742,425

256,374,960

11,472,873,391

68,729,953

160,588,727

26,281,934,496

176,764,616

7,893,281,036

81,558,392

3,635,398,542

201,793

6,162,285

11,535,043,657

ANZ/EFIC (Loan A)

11,972,602

521,331,019

2,403,340

105,540,262

310,319

627,181,600

ECGD­Deutsche Bank Y1

6.6B

Bila

16,570,869

740,733,555

1,888,534

84,175,743

550,856

825,460,153

ECGD­Deutsche Bank Y1

9B Bila

­ ­

889,139

38,284,373

600

38,284,973

ECGD­Deutsche Bank Y2

0.3B

Bila

24,019,776

1,067,881,463

2,710,369

121,298,388

1,155,107

1,190,334,958

ECGD­Deutsche Bank Y9

.6B

9,808,935

454,126,145

776,560

35,860,459

900

489,987,504

ECGD­Duetsche Bank Y1

6.640B

Bila

5,636,893

268,316,129

1,900,858

82,655,393

368,915

351,340,436

EFIC II (1

996)

2,294,953

106,171,409

374,753

17,304,401

75,568

123,551,377

EFIC III (1997)

2,780,670

128,097,126

603,761

27,756,294

600

155,854,020

EFIC IV

3,851,111

178,246,747

479,576

22,148,484

134,823

200,530,054

Export­Import Bank of Korea (P

HL­5)

­ ­

268,015

12,136,721

7,676

12,144,397

Export­Import Bank of Korea (P

HL­8)

­ ­

8,244

377,697

827

378,524

FORTIS BANK­DPWH

455,265

21,397,461

489,945

20,401,792

27,347

41,826,600

FP 95#846­OD1 FP

VIII(a)

288,542

13,204,817

65,149

2,979,332

17,152

16,201,302

FP 95#846­OEI F

P IX

(b)

168,948

7,696,608

64,104

2,926,655

10,600

10,633,863

FP 95#846­OGI

153,303

6,902,436

33,670

1,514,212

6,687

8,423,336

FP 95#846­OHI

58,697

2,664,495

13,604

617,100

2,638

3,284,232

FP 97#908­0D

1 FP

VIII(c)

479,575

21,439,230

119,702

5,347,687

20,761

26,807,677

FP 97#908­OC1 FP

VIII(b)

438,514

19,757,535

107,997

4,863,257

19,772

24,640,563

FP 98­EUR .741M #960­OAI

­ ­

13,180

593,101

752

593,853

FP 98­EUR 3.4M #960­OAI

­ ­

14,723

694,013

912

694,925

ICO (U

S$12.9M)

­ ­

39,459

1,728,900

150

1,729,050

ICO (U

S$18.5M)

­ ­

56,604

2,480,122

150

2,480,272

ICO (U

S$4.3M

) ­

­ 13,414

587,754

150

587,904

ICO (U

S$6.7M

) ­

­ 20,676

905,947

150

906,097

ICO (U

S$7M

) ­

­ 71,312

3,074,140

600

3,074,740

ICO (U

S$9.4M

) 1,112,663

51,131,299

162,842

7,456,620

40,127

58,628,046

ICO USD

13.495 M

­ ­

23,071

1,041,815

82,256

901

1,124,972

JBIC PH­P152

2,622,171

112,759,794

1,235,317

53,063,382

32

165,823,208

JBIC PH­P153

2,254,600

97,298,850

1,344,704

57,464,973

96,565

154,860,388

JBIC PH­P155

3,736,761

160,689,901

1,636,566

70,299,139

32

230,989,072

JBIC PH­P158

8,285,143

356,281,490

3,906,536

167,806,335

32

524,087,858

JBIC PH­P159

2,372,605

102,027,844

1,122,314

48,209,318

32

150,237,195

JBIC PH­P160

2,796,670

120,263,654

1,314,211

56,452,306

32

176,715,992

JBIC PH­P162

5,633,045

242,234,753

2,643,786

113,564,551

32

355,799,336

JBIC PH­P163

1,732,876

74,517,933

818,420

35,155,443

32

109,673,409

JBIC PH­P164

4,026,033

173,129,296

1,857,368

79,783,766

32

252,913,095

JBIC PH­P165

818,608

35,202,162

375,578

16,133,060

32

51,335,255

JBIC PH­P166

3,343,437

147,820,074

1,496,217

66,117,873

135,870

214,073,818

JBIC PH­P169

108,188

4,787,626

45,543

2,014,403

4,496

6,806,525

JBIC PH­P173

2,779,936

122,906,559

911,397

41,256,806

106,485

164,269,850

INTE

RES

T PR

INCIPAL

LO

AN ACCOUNT NUMBE

R

TOTA

L

NG­DIREC

T Bilateral

87

Schedu

le III

COMMITMEN

T OTH

ER

FEES

CHAR

GES

USD

PH

P USD

PH

P PH

P PH

P PH

P

INTE

RES

T PR

INCIPAL

LO

AN ACCOUNT NUMBE

R

TOTA

L

JBIC PH­P174

3,609,359

159,576,994

1,835,578

81,117,726

152,859

240,847,580

JBIC PH­P175

3,067,221

135,607,997

1,577,571

69,715,906

130,400

205,454,303

JBIC PH­P179

4,440,530

196,010,967

1,863,434

83,018,729

178,255

279,207,951

JBIC PH­P180

3,532,097

156,161,120

1,664,357

73,551,158

145,905

229,858,183

JBIC PH­P184

4,625,656

204,509,547

2,314,283

102,272,609

194,823

306,976,978

JBIC PH­P186

1,115,000

52,404,996

2,095,178

89,806,982

93,591

142,305,570

JBIC PH­P188

2,577,513

121,143,113

1,176,740

54,907,451

216,301

176,266,865

JBIC PH­P190

504,252

23,674,995

441,525

19,520,544

36,871

43,232,409

JBIC PH­P191

856,040

40,233,885

215,129

9,794,153

57,543

50,085,580

JBIC PH­P192

54,691

2,551,983

30,662

1,342,726

106

3,894,816

JBIC PH­P193

1,462,584

68,741,445

718,885

32,648,917

109,164

101,499,526

JBIC PH­P194

344,285

16,065,019

164,939

7,271,455

85

23,336,559

JBIC PH­P196

1,754,652

75,454,326

824,782

35,428,720

32

110,883,078

JBIC PH­P197

312,592

14,586,179

214,820

9,460,579

96

24,046,853

JBIC PH­P200

­ ­

572,087

24,545,734

13,221

24,558,955

JBIC PH­P201

­ ­

42,747

1,968,657

1,416

1,970,073

JBIC PH­P202

3,104,927

145,931,560

1,864,663

84,946,189

244,918

231,122,666

JBIC PH­P203

­ ­

2,120,530

97,657,716

68,873

97,726,588

JBIC PH­P204

­ ­

3,683,229

164,067,243

141,686

164,208,928

JBIC PH­P205

­ ­

1,273,795

56,879,721

48,695

56,928,416

JBIC PH­P206

­ ­

1,861,727

82,839,200

71,455

82,910,655

JBIC PH­P207

­ ­

629,737

29,001,551

20,469

29,022,020

JBIC PH­P208

­ ­

19,351

891,171

642

891,813

JBIC PH­P209

­ ­

968,067

44,582,802

31,451

44,614,253

JBIC PH­P210

­ ­

74,321

3,422,721

2,426

3,425,148

JBIC PH­P212

­ ­

594,646

27,906,032

21,287

27,927,319

JBIC PH­P214

­ ­

1,042,960

46,220,151

30,664

46,250,815

JBIC PH­P216

­ ­

314,318

13,895,286

8,952

13,904,238

JBIC PH­P217

­ ­

893,072

40,987,524

86

40,987,610

JBIC PH­P218

­ ­

21,621

1,009,788

731

1,010,520

JBIC PH­P219

­ ­

1,089,052

49,941,691

86

49,941,777

JBIC PH­P220

­ ­

107,777

4,957,358

86

4,957,444

JBIC PH­P221

­ ­

643,131

27,646,395

14,039

27,660,434

JBIC PH­P222

­ ­

1,073,561

49,186,404

213

49,186,618

JBIC PH­P223

­ ­

417,337

19,121,508

86

19,121,595

JBIC PH­P224

­ ­

925,717

42,435,906

86

42,435,992

JBIC PH­P225

­ ­

144,173

6,604,848

170

6,605,018

JBIC PH­P227

­ ­

494,196

22,719,842

18,504

22,738,346

JBIC PH­P228

­ ­

36,711

1,750,806

1,983

1,752,790

JBIC PH­P229

­ ­

342,462

15,737,587

86

15,737,674

JBIC PH­P230

­ ­

420,458

19,263,780

15,142

19,278,923

JBIC PH­P231

­ ­

399,646

18,379,094

15,031

18,394,125

JBIC PH­P235

­ ­

118,268

5,125,283

1,996

5,127,279

JBIC PH­P236

­ ­

22,650

1,029,676

770

1,030,445

JBIC PH­P237

­ ­

47,768

2,041,835

1,284

2,043,119

88

Schedu

le III

COMMITMEN

T OTH

ER

FEES

CHAR

GES

USD

PH

P USD

PH

P PH

P PH

P PH

P

INTE

RES

T PR

INCIPAL

LO

AN ACCOUNT NUMBE

R

TOTA

L

JBIC PH­P239

­ ­

6,823

320,679

424

321,103

JBIC­BSR

7,901,937

348,934,487

­ ­

­ 348,934,487

JBIC­PSDP

­ ­

7,513,229

349,059,783

246,002

349,305,785

JBIC­UNTIED

8,531,980

396,069,573

1,921,325

89,082,579

337,531

485,489,684

KFA

ED No. 541

1,515,040

65,157,719

568,152

24,441,431

60,028

89,659,179

KFW

#3945906/200066412

40,048

1,792,382

55,231

33

1,847,646

KFW

/EURO No. 3961971

866,789

40,031,643

357,719

16,500,786

33,996

56,566,426

KFW

/EURO No. 4306551

117,838

5,499,660

64,307

4,901

5,568,868

LEONIA BANK

774,665

34,478,224

­ ­

21,953

34,500,178

Saudi Fund for D

evelopment

­ ­

3,482

154,290

601

154,891

SIDA IN

EC 1995­1065

414,903

19,121,089

844

37,762

11,729

19,170,580

US PL 480­17

624,999

30,437,454

275,000

13,392,480

300

43,830,234

US PL 480­18

1,874,996

83,167,619

468,581

20,719,299

130,202

104,017,119

US PL 480­19

­ ­

­ ­

US PL 480­20

1,527,935

68,904,514

372,899

16,791,893

67,650

85,764,057

US PL 480­21

768,583

35,307,178

194,235

8,912,348

55,617

44,275,143

­ Com

mercial

41,869,773

1,887,059,122

25,131,827

1,133,781,439

880,184

85,167,135

3,106,887,879

ANZ/EFIC (Loan B)

2,593,390

121,889,323

71,600

3,365,185

156,868

125,411,377

Bancaja (S

MCF­Spain)

993,837

44,055,306

86,235

3,742,994

37,377

47,835,676

Banco Bilbao Vizcaya (U

S$12.9M

) 1,848,187

82,201,826

398,981

17,683,076

66,133

99,951,035

Banco Bilbao Vizcaya (U

S$18.5M

) 2,319,836

107,066,118

521,554

23,999,572

102,135

131,167,825

Banco Bilbao Vizcaya (U

S$4.3M)

245,100

10,261,863

5,669

237,348

150

10,499,361

Banco Bilbao Vizcaya (U

S$6.7M)

432,398

18,380,017

11,295

479,277

450

18,859,745

Bank of Austria Creditanstalt (212.060)

1,832,434

80,888,614

408,241

18,481,764

64,260

99,434,638

Bank of Austria Creditanstalt (213.469)

2,920,259

132,676,053

1,869,398

84,804,890

219,456

217,700,400

Bank of Austria Creditanstalt (215.050)

­ ­

5,006,531

227,324,060

143,186

227,467,246

Bank of Austria Creditanstalt (216.437)

­ ­

1,913,849

86,899,295

55,106

86,954,401

BNP PARIBAS

­ ­

246,415

10,275,502

880,184

2,492,950

13,648,635

BNP PARIBAS USD 13 M

963,959

45,739,847

333,994

15,848,003

79,145,295

140,733,145

China Nat'l Const.& Agr.Machinery­CHI­1

­

­ 232,713

10,608,396

7,915

10,616,311

China Nat'l Const.& Agr.Machinery­CHI­2

3,124,557

139,773,940

680,634

30,382,475

113,130

170,269,545

Credit C

om'l de France ­ 8

5%

2,394,132

101,628,550

366,344

15,502,805

77,333

117,208,688

ECGD­Deutsche Bank Y3

.3B Com

m'l

1,148,985

53,174,199

600

53,174,799

ECGD­Standard Chartered Bank

3,117,969

134,848,082

1,107,811

47,787,971

228,895

182,864,948

EDC 880­PHI­7

535

2,672,119

119,710,934

388,482

17,303,323

171,868

137,186,124

EDC 880­PHI­8

314

10,136,106

470,315,317

2,557,790

118,323,411

736,398

589,375,126

ERSTE

(Austria)

­ ­

780,160

35,595,155

36,040

35,631,195

Eximbank of C

hina

­ ­

1,180,763

52,394,394

40,741

52,435,135

Eximbank of C

hina

­ ­

2,277,500

101,307,964

989,066

102,297,031

FP 95­FF

13.5M

306,211

13,119,556

84,093

3,604,772

1,802

16,726,131

FP 95­FF

16.0M

39,555

1,770,343

4,331

193,830

300

1,964,473

FP 95­FF

3.2M

70,034

3,235,752

3,374

150,949

5,245

3,391,946

FP 97 FF

39.9M

655,500

27,781,822

84,831

3,579,665

601

31,362,087

FP 97 FF

60.1M

561,021

25,670,557

50,470

2,283,514

33,965

27,988,036

Bilateral

89

Schedu

le III

COMMITMEN

T OTH

ER

FEES

CHAR

GES

USD

PH

P USD

PH

P PH

P PH

P PH

P

INTE

RES

T PR

INCIPAL

LO

AN ACCOUNT NUMBE

R

TOTA

L

FP 98­EUR .774M

203,855

9,468,217

38,314

1,790,567

11,282

11,270,065

FP 98­EUR 3.4M

492,809

22,376,639

93,310

4,219,138

33,845

26,629,621

ING Bank N.V. (Netherlands)

2,223,483

94,624,696

623,280

26,475,987

72,482

121,173,165

Raiffeissen Zentralbank Osterreich Aktiengeselschaft I

914,808

40,943,167

1,120,756

51,201,111

37,963

92,182,240

Raiffeissen Zentralbank Osterreich Aktiengeselschaft II

808,213

38,632,585

1,434,125

64,760,846

84,297

103,477,728

­ Multilateral

113,977,422

4,799,402,267

149,684,741

6,703,693,411

67,647,977

69,259,307

11,640,002,961

ADB1322 PHI

1,097,400

49,211,795

921,855

41,182,985

113,168

90,507,949

ADB1331 PHI

995,460

44,499,107

185,799

8,853,299

1,181,119

54,533,525

ADB1332 PHI

305,147

13,640,715

59,228

2,822,235

1,067,680

17,530,630

ADB1363 PHI

8,064,700

371,054,880

1,237,199

56,310,097

534,806

427,899,783

ADB1365 PHI

411,555

19,051,785

610,818

28,146,116

(946,157)

46,251,745

ADB1366 PHI

372,189

17,213,852

59,475

2,958,882

1,283,556

21,456,291

ADB1367 PHI

414,600

18,603,150

538,226

23,997,667

53,551

42,654,368

ADB1396 PHI

636,650

28,459,556

104,229

4,966,489

(2,364,241)

31,061,803

ADB1421 PHI

230,785

10,256,659

407,518

17,966,390

18,037

28,241,087

ADB1422 PHI

228,724

10,129,003

43,992

2,078,616

(141,056)

12,066,563

ADB1440 PHI

299,600

13,314,710

466,613

20,626,533

22,253

33,963,496

ADB1441 PHI

506,369

22,424,488

61,754

2,917,865

(8,229,309)

17,113,043

ADB1453 PHI

534,481

24,719,892

15,474

769,830

(20,074,049)

5,415,672

ADB1473 PHI

5,094,265

235,974,107

6,191,252

284,509,895

(10,062,594)

510,421,408

ADB1536 PHI

337,041

14,653,149

637,408

27,563,480

27,757

42,244,386

ADB1562 PHI

437,945

18,991,854

85,711

3,972,694

(450,927)

22,513,622

ADB1563 PHI

229,411

9,974,016

399,611

17,227,811

17,534

27,219,361

ADB1606 PHI

338,996

15,870,125

547,426

25,094,092

1,779,316

42,743,533

ADB1607 PHI

250,702

11,595,045

39,226

1,951,474

(90,097)

13,456,422

ADB1654 PHI

599,641

26,836,555

562,103

25,834,135

1,057,847

29,879

53,758,416

ADB1658 PHI

83,701

3,904,103

162,954

7,555,234

14,924

11,474,261

ADB1663 PHI (POLICY LO

AN)

14,487,100

583,832,260

6,558,640

277,011,755

615,739

861,459,754

ADB1665 PHI

637,965

27,466,282

1,204,187

50,785,834

13,382,506

91,634,621

ADB1667 PHI

1,881,439

87,124,649

3,069,301

141,312,775

148,636

228,586,061

ADB1668 PHI

660,971

28,658,507

­ ­

4,989,337

33,647,844

ADB1739 PHI

2,033,700

88,084,625

1,237,033

53,261,329

4,051,574

145,397,529

ADB1740 PHI

119,503

5,175,554

286,499

12,311,553

238,891

17,725,997

ADB1745 PHI

6,915,000

299,508,708

3,688,129

157,820,731

13,902,736

471,232,174

ADB1746 PHI

911,001

40,381,603

2,144,993

91,715,759

20,183,014

152,280,376

ADB1750 PHI

286,391

12,511,262

669,110

28,575,848

3,891,741

44,978,852

ADB1772 PHI

404,007

18,090,819

­ ­

13,821

18,104,640

ADB1858 PHI

4,417,500

191,332,815

2,565,686

109,134,947

8,787,082

309,254,844

ADB2003 PHI

7,275,000

315,084,750

5,800,910

246,804,239

14,469,323

576,358,312

ADB2136 PHI

9,220,000

428,545,000

7,340,031

334,899,305

954,378

764,398,683

ADB2199 PHI

­ ­

5,150,219

227,898,770

1,838,239

229,737,009

ADB2278 PHI

­ ­

9,828,000

455,854,406

314,401

456,168,807

ADB2282 PHI

­ ­

21,967,875

1,018,955,375

702,758

1,019,658,133

ADB2315 PHI

­ ­

12,831,042

554,683,212

327,175

555,010,387

90

Schedu

le III

COMMITMEN

T OTH

ER

FEES

CHAR

GES

USD

PH

P USD

PH

P PH

P PH

P PH

P

INTE

RES

T PR

INCIPAL

LO

AN ACCOUNT NUMBE

R

TOTA

L

Multilateral

European Investment B

ank

1,794,381

79,044,745

887,592

38,980,739

79,743

118,105,227

IBRD 3852 PH

86,210

3,834,213

49,759

2,212,331

889,903

6,936,447

IBRD 3852­A PH

662,890

29,728,965

254,700

11,167,445

51,171

40,947,580

IBRD 4108 PH

4,641,500

200,310,432

2,770,476

118,394,480

198,665

318,903,577

IBRD 4109 PH

2,933,100

126,584,189

1,750,327

74,799,097

125,562

201,508,848

IBRD 4110 PH

2,510,214

115,469,838

388,229

17,819,614

167,212

133,456,664

IBRD 4299 PH

2,116,400

97,967,888

1,119,941

51,384,525

(8,050,818)

141,301,595

IBRD 4300 PH

651,050

30,287,572

317,633

14,574,096

(4,606,966)

40,254,703

IBRD 4301 PH

946,700

43,819,633

547,369

25,115,240

44,819

68,979,691

IBRD 4412 PH

5,406,600

5,406,600

­ ­

­ 5,406,600

IBRD 4446 PH

2,954,800

137,749,108

1,226,433

56,575,089

1,950,560

10,543,163

206,817,921

IBRD 4522 PH

1,027,500

47,559,346

710,056

32,585,844

52,513

80,197,703

IBRD 4535 PH

4,855,000

217,717,750

3,678,366

161,438,705

324,902

379,481,358

IBRD 7006 PH

11,057,600

477,157,574

6,239,735

265,125,256

550,711

742,833,541

IBRD 7034 PH

­ ­

160,628

6,863,993

3,617

6,867,610

IBRD 7058 PH

­ ­

1,686,771

76,764,440

2,281,888

99,108

79,145,436

IBRD 7118 PH

­ ­

5,335,109

239,015,706

298,820

239,314,526

IBRD 7147 PH

­ ­

3,291,910

147,751,509

4,355,865

190,184

152,297,558

IBRD 7152 PH

­ ­

1,969,607

88,429,481

1,542,385

112,515

90,084,380

IBRD 7153 PH

­ ­

1,420,348

63,852,020

796,265

80,860

64,729,145

IBRD 7191 PH

­ ­

497,894

22,361,499

1,509,044

29,888

23,900,431

IBRD 7205 PH

­ ­

54,449

2,477,825

516,507

3,793

2,998,125

IBRD 7236 PH

­ ­

796,300

36,220,417

6,762,282

53,778

43,036,477

IBRD 7290 PH

­ ­

39,176

1,763,795

2,397,365

5,251

4,166,411

IBRD 7298 PH

­ ­

196,365

9,130,838

2,483,924

6,321

11,621,083

IBRD 7393 PH

­ ­

2,166,188

101,915,436

18,155,973

44,416

120,115,825

IBRD 7395 PH

­ ­

175,090

7,809,028

5,761,296

16,996

13,587,321

IBRD 7424 PH

­ ­

13,848,528

640,977,288

430,808

641,408,097

IBRD 7431 PH

­ ­

14,501

680,603

1,233,621

210

1,914,435

IBRD 7440 PH

­ ­

111,277

5,186,768

9,443,820

6,848

14,637,437

IBRD 7470 PH

­ ­

114,507

5,480,586

5,744,476

8,945

11,234,007

IFAD 0397­PH

270,436

14,018,551

­ ­

(2,418,955)

11,599,596

IFAD 0474­PH

183,334

13,750,692

­ ­

5,667,271

19,417,963

IFAD 0577­PH

­ ­

41,800

1,989,702

1,602,096

3,591,798

IFAD 0661­PH

­ ­

­ ­

392,696

392,696

NDFC

r. No. 327

­ ­

­ ­

230,511

937,233

1,167,743

NDF Cr. No. 331

­ ­

­ ­

1,424,349

1,985,413

3,409,762

OPEC 0704 ­P

94,040

4,152,383

24,985

1,100,677

600

5,253,660

OPEC 0799­P

600,070

27,761,038

­ ­

6,700,010

34,461,048

OPEC 0841­P

466,660

20,906,368

119,166

5,417,679

33,505

26,357,552

­ NG­GUAR

ANTE

ED

409,570,751

18,064,530,397

60,716,207

3,233,618,996

120,300,541

235,675,249

21,654,125,182

Bilateral

235,508,912

10,345,049,251

25,977,998

1,691,424,218

84,591,819

213,904,562

12,334,969,849

Export­Import Bank of Korea (P

HL­2)

458,603

20,877,612

149,334

6,793,441

5,251

27,676,305

Export­Import Bank of Korea (P

HL­3)

385,308

17,540,935

138,990

6,323,322

5,251

23,869,508

91

Schedu

le III

COMMITMEN

T OTH

ER

FEES

CHAR

GES

USD

PH

P USD

PH

P PH

P PH

P PH

P

INTE

RES

T PR

INCIPAL

LO

AN ACCOUNT NUMBE

R

TOTA

L

Bilateral

Export­Import Bank of Korea (P

HL­7)­EDCF

672,860

28,928,289

1,012,150

29,940,439

Export­Import Bank of Korea (P

HL­7)­KEXIM

219,830

9,232,862

2,455,639

2,015,570

13,704,071

JBIC PH­P154

1,028,323

48,829,925

436,954

20,748,753

­ 69,578,677

JBIC PH­P157

5,329,245

226,924,573

2,606,261

112,084,147

­ 339,008,720

JBIC PH­P161

11,999,902

499,466,109

176,420

7,191,980

­ 506,658,088

JBIC PH­P167

365,862,624

­ 208,203,385

77,931,500

108,469,188

760,466,698

JBIC PH­P168

4,235,919

155,157,470

2,520,053

111,778,475

­ 266,935,946

JBIC PH­P170

1,924,650

71,310,750

876,063

32,459,261

­ 103,770,011

JBIC PH­P172

226,535

10,757,010

­ 4,774,722

1,793,529

11,188

17,336,449

JBIC PH­P177

73,459,184

3,059,522,808

1,008,765

42,025,143

­ 3,101,547,952

JBIC PH­P178

88,367,750

3,680,454,001

1,215,474

50,636,657

­ 3,731,090,658

JBIC PH­P181

2,264,739

107,541,114

1,033,683

49,084,427

­ 156,625,541

JBIC PH­P182

428,878

15,498,297

185,951

7,016,627

3,036,177

25,551,101

JBIC PH­P183

11,119,350

­ 5,167,398

­ 16,286,749

JBIC PH­P187

3,046,072

144,642,726

­ 120,560,580

47,596,304

312,799,610

JBIC PH­P187­A

157,951

7,500,312

­ 3,262,745

11,930

10,774,987

JBIC PH­P189

4,045,595

205,845,115

3,626,115

183,939,398

­ 389,784,513

JBIC PH­P195

1,125,236

59,999,834

862,917

38,306,502

­ 98,306,336

JBIC PH­P198

2,307,033

114,729,075

­ 114,729,075

JBIC PH­P199

1,374,064

68,556,869

­ 68,556,869

JBIC PH­P215

1,069,063

38,728,659

48,305,043

87,033,702

JBIC PH­P226

­ 171,088,247

3,435,908

174,524,155

JBIC­PSR

29,933,052

1,284,318,925

3,191,757

136,637,337

600

1,420,956,862

KFW

4197642

76,580

3,636,417

5,328

­ 3,641,745

KFW

A1­200565887

127,392

5,921,903

673,325

­ 6,595,228

KFW

No. 11#9687068

3,021,078

140,011,141

733,343

33,748,753

­ 173,759,894

KFW

No. 13 #335937/335988

3,033

139,648

255,041

11,740,856

­ 11,880,503

KFW

No. 14 #335996

720,860

33,191,061

144,445

6,648,963

94,427

­ 39,934,451

KFW

No. 15 #1095708

149,493

6,740,252

32,308

1,456,671

­ 8,196,922

KFW

No. 18 Portion 1 & 2

3,197,507

171,797,659

615,646

33,077,828

­ 204,875,487

KFW

No. 21

83,634

4,513,181

­ 4,513,181

KFW

No. 22/A­200196951

238,024

12,421,346

1,638,071

­ 14,059,417

­ Com

mercial

1,565,770

74,350,588

99,636

4,731,215

­ ­

79,081,804

EFIC $14.8M

1,565,770

74,350,588

99,636

4,731,215

­ 79,081,804

­ 172,496,069

7,645,130,558

34,638,573

1,537,463,563

35,708,722

21,770,687

9,240,073,529

ADB1379 PHI

2,896,300

133,524,991

4,455,811

205,421,456

465,091

339,411,538

ADB1398 PHI

129,459,813

5,804,674,900

7,995,676

342,925,545

­ 6,147,600,445

ADB1472 PHI

755,385

35,869,453

1,023,563

48,603,908

­ 84,473,361

ADB1474 PHI

489,200

20,799,605

134,677

5,702,623

­ 26,502,228

ADB1590 PHI

2,025,800

92,482,531

2,005,492

91,168,045

­ 183,650,576

ADB1599 PHI

30,700

1,429,505

­ ­

­ 1,429,505

ADB1664 PHI

535,929

27,503,888

66,574

3,050,691

­ 30,554,579

ADB1729 PHI

25,544

1,384,917

4,096

190,634

­ 1,575,552

Multilateral

92

Schedu

le III

COMMITMEN

T OTH

ER

FEES

CHAR

GES

USD

PH

P USD

PH

P PH

P PH

P PH

P

INTE

RES

T PR

INCIPAL

LO

AN ACCOUNT NUMBE

R

TOTA

L

ADB1751 PHI

661,604

34,959,770

109,031

5,272,435

­ 40,232,204

ADB1843 PHI

43,401

2,135,529

153,238

6,593,656

2,510,162

11,239,347

ADB1984 PHI

940,156

41,391,073

4,997,800

­ 46,388,872

ADB2012 PHI

123,339

5,335,569

39,616

1,713,790

16,743

7,066,102

ADB2063 PHI

154,926

7,288,942

8,589,953

­ 15,878,894

IBRD 3938 PH

3,185,000

112,475,956

1,893,466

83,995,632

­ 196,471,588

IBRD 3939 PH

5,555,555

183,440,211

732,487

32,439,153

­ 215,879,364

IBRD 3940 PH

3,330,000

111,452,739

1,112,624

48,596,851

­ 160,049,590

IBRD 3996­ PH

2,413,942

103,830,282

1,816,237

78,000,362

­ 181,830,644

IBRD 3996­A PH

1,668,058

71,627,224

200,155

8,561,897

­ 80,189,122

IBRD 3997­ PH

6,994,200

300,758,630

3,203,003

135,639,308

­ 436,397,939

IBRD 4019­ PH

2,111,000

96,649,602

1,805,882

82,680,151

13,087,429

192,417,182

IBRD 4111­ PH

1,447,600

62,336,778

864,119

36,907,376

5,390,005

104,634,158

IBRD 4228­ PH

760,800

39,277,061

423,865

18,526,358

­ 57,803,419

IBRD 4413­ PH

7,982,900

403,181,416

4,874,110

224,502,540

­ 627,683,956

IBRD 4833 PH

136,481

6,413,472

12,797,107

­ 19,210,580

IBRD 7080­ PH

128,868

5,850,201

1,118,952

­ 6,969,152

IBRD 7204­ PH

169,371

7,339,615

380,716

­ 7,720,331

IBRD 7311 PH

195,048

8,687,850

7,824,195

­ 16,512,045

Nordic Development F

und Cr. No. 269

­ ­

301,257

301,257

NG­REL

ENT

360,671

699,777,321

4,910,760

762,146,117

246,135,144

174,839,989

1,882,898,571

Bilateral

250,431

555,543,671

135,233

498,431,313

221,016,357

174,580,172

1,449,571,514

Belgian ­ No. 14 EUR6.296M

­

4,767,018

­ 4,767,018

JAPAN FOOD AGENCY # 4

250,431

11,054,009

135,233

5,969,165

300

17,023,474

JBIC PH­P171

463,979,285

­ 290,272,968

111,584,169

155,704,197

1,021,540,619

JBIC PH­P185

80,510,378

­ 44,445,538

59,260,719

17,203,436

201,420,070

JBIC PH­P211

­ 118,350,059

50,171,469

1,672,239

170,193,767

JBIC PH­P213

­ 34,626,566

­ 34,626,566

­ Com

mercial

­ 37,982,638

4,699,188

226,936,588

25,118,787

259,817

290,297,829

FORTIS BANK­LRTA

37,982,638

­ 23,285,392

92,013

154,714

61,514,756

Eximbank of C

hina

­ ­

­ ­

Eximbank of C

hina

4,699,188

203,651,196

25,026,774

105,104

228,783,073

­ Multilateral

110,240

106,251,012

76,340

36,778,217

­ ­

143,029,229

ADB1435 PHI

57,935,727

­ 20,670,856

­ 78,606,584

IBRD 4227­ PH

110,240

4,891,404

76,340

2,690,241

­ 7,581,645

IFAD 0416­PH

43,423,881

­ 13,417,120

­ 56,841,001

TOTA

L 742,543,233

33,344,050,143

322,001,928

15,468,638,505

435,165,638

571,103,964

49,818,958,250

Multilateral

93

Schedu

le III

COMMITMEN

T OTH

ER

FEES

CHAR

GES

USD

PH

P USD

PH

P PH

P PH

P PH

P

INTE

RES

T PR

INCIPAL

LO

AN ACCOUNT NUMBE

R

TOTA

L

REC

APITULA

TION:

TOTA

L 742,543,233

33,344,050,143

322,001,928

15,468,638,505

435,165,638

571,103,964

49,818,958,250

NG­DIREC

T 332,611,811

14,579,742,425

256,374,960

11,472,873,391

68,729,953

160,588,727

26,281,934,496

Bilateral

176,764,616

7,893,281,036

81,558,392

3,635,398,542

201,793

6,162,285

11,535,043,657

11,972,602

521,331,019

2,403,340

105,540,262

­ 310,319

627,181,600

56,036,474

2,531,057,291

8,165,460

362,274,356

­ 2,076,377

2,895,408,024

8,926,734

412,515,282

1,458,089

67,209,178

­ 210,991

479,935,451

­ ­

276,260

12,514,418

­ 8,503

12,522,921

455,265

21,397,461

489,945

20,401,792

­ 27,347

41,826,600

1,587,578

71,665,121

432,129

19,535,358

­ 79,274

91,279,752

1,112,663

51,131,299

387,379

17,275,297

82,256

42,229

68,531,081

­ ­

­ ­

­ ­

­ 88,305,390

3,907,578,123

65,546,993

2,922,405,550

­ 3,020,234

6,833,003,906

1,515,040

65,157,719

568,152

24,441,431

­ 60,028

89,659,179

866,789

40,031,643

515,604

23,792,828

119,537

38,931

63,982,939

774,665

34,478,224

­ ­

­ 21,953

34,500,178

­ ­

3,482

154,290

­ 601

154,891

414,903

19,121,089

844

37,762

­ 11,729

19,170,580

4,796,514

217,816,765

1,310,715

59,816,019

­ 253,769

277,886,553

Com

mercial

41,869,773

1,887,059,122

25,131,827

1,133,781,439

880,184

85,167,135

3,106,887,879

2,593,390

121,889,323

71,600

3,365,185

­ 156,868

125,411,377

993,837

44,055,306

86,235

3,742,994

­ 37,377

47,835,676

4,845,522

217,909,824

937,499

42,399,274

­ 168,868

260,477,966

­ ­

­ ­

­ ­

­ ­

­ ­

­ ­

­ ­

4,752,693

213,564,666

9,198,019

417,510,009

­ 482,009

631,556,684

963,959

45,739,847

580,409

26,123,505

880,184

81,638,245

154,381,780

3,124,557

139,773,940

913,347

40,990,871

­ 121,045

180,885,856

­ ­

­ ­

­ ­

­ 2,394,132

101,628,550

366,344

15,502,805

­ 77,333

117,208,688

3,117,969

134,848,082

2,256,796

100,962,169

­ 229,495

236,039,747

12,808,225

590,026,250

2,946,272

135,626,733

­ 908,266

726,561,250

­ ­

780,160

35,595,155

­ 36,040

35,631,195

­ ­

3,458,263

153,702,358

­ 1,029,808

154,732,166

2,328,985

103,422,886

358,724

15,822,435

­ 87,039

119,332,360

2,223,483

94,624,696

623,280

26,475,987

­ 72,482

121,173,165

1,723,022

79,575,751

2,554,881

115,961,957

­ 122,260

195,659,968

Multilateral

113,977,422

4,799,402,267

149,684,741

6,703,693,411

67,647,977

69,259,307

11,640,002,961

70,718,937

3,106,175,382

97,679,524

4,368,331,658

1,057,847

52,596,498

7,528,161,385

1,794,381

79,044,745

887,592

38,980,739

­ 79,743

118,105,227

39,849,564

1,533,593,108

50,931,674

2,287,872,957

64,935,270

1,683,198

3,888,084,533

94

Schedu

le III

COMMITMEN

T OTH

ER

FEES

CHAR

GES

USD

PH

P USD

PH

P PH

P PH

P PH

P

INTE

RES

T PR

INCIPAL

LO

AN ACCOUNT NUMBE

R

TOTA

L

453,770

27,769,243

41,800

1,989,702

­ 5,243,107

35,002,052

­ ­

­ ­

1,654,860

2,922,645

4,577,505

1,160,770

52,819,790

144,151

6,518,355

­ 6,734,115

66,072,260

NG­GUAR

ANTE

ED

409,570,751

18,064,530,397

60,716,207

3,233,618,996

120,300,541

235,675,249

21,654,125,182

Bilateral

235,508,912

10,345,049,251

25,977,998

1,691,424,218

84,591,819

213,904,562

12,334,969,849

843,911

38,418,547

1,181,013

51,277,914

2,455,639

3,038,222

95,190,323

227,573,030

9,954,750,944

22,490,572

1,526,980,385

79,725,028

210,866,339

11,772,322,697

7,091,971

351,879,760

2,306,414

113,165,918

2,411,152

­ 467,456,830

Com

mercial

1,565,770

74,350,588

99,636

4,731,215

­ ­

79,081,804

­ ­

­ ­

­ ­

­ 1,565,770

74,350,588

99,636

4,731,215

­ ­

79,081,804

Multilateral

172,496,069

7,645,130,558

34,638,573

1,537,463,563

35,708,722

21,770,687

9,240,073,529

137,047,014

6,160,100,658

17,082,857

759,322,796

13,587,752

2,991,996

6,936,003,203

35,449,055

1,485,029,899

17,555,716

778,140,767

22,120,969

18,477,434

2,303,769,069

­ ­

­ ­

­ 301,257

301,257

NG­REL

ENT

360,671

699,777,321

4,910,760

762,146,117

246,135,144

174,839,989

1,882,898,571

Bilateral

250,431

555,543,671

135,233

498,431,313

221,016,357

174,580,172

1,449,571,514

­ ­

­ 4,767,018

­ ­

4,767,018

250,431

11,054,009

135,233

5,969,165

­ 300

17,023,474

­ 544,489,662

­ 487,695,130

221,016,357

174,579,872

1,427,781,021

Com

mercial

­ 37,982,638

4,699,188

226,936,588

25,118,787

259,817

290,297,829

­ 37,982,638

­ 23,285,392

92,013

154,714

61,514,756

­ ­

4,699,188

203,651,196

25,026,774

105,104

228,783,073

Multilateral

110,240

106,251,012

76,340

36,778,217

­ ­

143,029,229

­ 57,935,727

­ 20,670,856

­ ­

78,606,584

110,240

4,891,404

76,340

2,690,241

­ ­

7,581,645

­ 43,423,881

­ 13,417,120

­ ­

56,841,001

95

Schedule IV

ODA LO

ANS' OUTS

TANDING BAL

ANCE

FY 2008

CUMULA

TIVE

CUMULA

TIVE

AV

AILM

ENT

REP

AYMEN

T USD

USD

USD

PH

P BILA

TERAL

LOAN

S Ex

port Credits Gua

rantee Dep

t., Gov't of Eng

land

663,571,793

287,707,585

375,864,208

17,908,801,907

1 ECGD­Duetsche Bank Y1

6.640B

Bila

Tulay Ng Pangulo sa Kaunlaran Project, P

I DPWH

Active

74,238,858

­ 74,238,858

3,537,258,860

2 ECGD­Deutsche Bank Y1

6.6B

Bila

Tulay ni Pangulo sa Barangay

DPWH

Closed

180,711,020

90,355,510

90,355,510

4,305,168,985

3 ECGD­Deutsche Bank Y2

0.3B

Bila

Tulay ng Pangulo sa SZO

PAD

DPWH

Closed

265,421,322

123,716,934

141,704,388

6,751,788,981

4 ECGD­Deutsche Bank Y9

.6B

SALA

M Bridge

DPWH/ARMM

Closed

105,193,059

73,635,142

31,557,918

1,503,640,111

5 ECGD­Deutsche Bank Y1

9B Bila

Tulay ni Pangulo para sa Magsasaka

DAR

Extended

38,007,534

­ 38,007,534

1,810,944,969

Expo

rt Finan

ce In

suranc

e Corpo

ratio

n (EFIC), Au

stralia

89,267,340

43,612,732

45,654,607

2,175,305,076

1 EFIC II (1

996)

MM Sydney Coordinated AdaptiveTraffic System

DPWH,TEC

Closed

22,949,530

13,769,718

9,179,812

437,390,491

2 EFIC III (1997)

Municipal Solar Infrastructure Project

DILG

Closed

27,806,700

12,513,015

15,293,685

728,698,213

3 EFIC IV

Search & Rescue Vessels

DOTC

Closed

38,511,110

17,330,000

21,181,111

1,009,216,372

Expo

rt­Im

port Ban

k of Korea

31,460,317

3,926,268

27,534,049

1,311,914,850

1 Export­Import Bank of Korea (P

HL­8)

Widening of Gapan­San Fernando­Olongapo Road &

Emergency Dredging Project

DPWH

Active

547,546

­ 547,546

26,088,905

2 Export­Import Bank of Korea (P

HL­2)

Mindanao Pow

er Transmission Project

NPC

Closed

5,955,486

2,605,261

3,350,225

159,628,182

3 Export­Import Bank of Korea (P

HL­3)

Luzon Transm

ission Line & Substation Project

NPC

Closed

4,466,948

1,321,007

3,145,941

149,894,658

4 Export­Import Bank of Korea (P

HL­7)­EDCF

South Manila Com

muter Rail P

roject

PNR

Ext­3/29/10

3,955,517

­ 3,955,517

188,468,518

5 Export­Import Bank of Korea (P

HL­7)­KEXIM

South Manila Com

muter Rail P

roject

PNR

Ext­3/29/10

14,927,145

­ 14,927,145

711,233,665

6 Export­Import Bank of Korea (P

HL­5)

Laguindingan Airport D

evelopment P

roj.

DOTC

/ATO

Ext­6/28/12

1,607,676

­ 1,607,676

76,600,921

Fren

ch Protoco

l 36,196,915

5,625,786

30,571,129

1,456,622,591

1 FP

95#846­OD1 FP

VIII(a)

Trophy Radiology­Upgrading Radio'l. I

DOH

Closed

5,076,042

1,258,831

3,817,212

181,878,682

2 FP

95#846­OEI F

P IX

(b)

Upgrading of E

. Rodriguez Mem

orial H

ospital

DOH

Closed

4,300,164

467,779

3,832,384

182,601,621

3 FP

97#908­OC1 FP

VIII(b)

Trophy Radiology­Upgrading Radio'l. II

DOH

Closed

7,631,918

1,341,529

6,290,388

299,718,139

4 FP

95#846­OGI

Crash Fire Rescue III Equipt. Proj. /N. B

anque

DOTC

Closed

2,666,727

718,780

1,947,946

92,813,804

5 FP

97#908­0D

1 FP

VIII(c)

Global M

aritime Distress Safety System Project

DOTC

Closed

9,961,525

1,604,436

8,357,089

398,190,223

6 FP

95#846­OHI

Metro Manila Traffic System/ N

. Banque

DPWH

Closed

1,032,622

234,431

798,191

38,031,425

7 FP

98­EUR .741M #960­OAI

Modern Gov't. New

s/N. B

anque

OPS

Closed

1,028,965

­ 1,028,965

49,027,092

8 FP

98­EUR 3.4M #960­OAI

Modern Gov't. New

s/N. B

anque

OPS

Closed

4,498,953

­ 4,498,953

214,361,604

Institu

to Credito Ofic

ial

93,844,522

6,406,893

87,437,629

4,166,140,718

1 ICO (U

S$18.5M

) Acquisition of 14 Fisheries Managem

ent P

atrol V

essels for

Monitoring, Control and Surveilla

nce

BFA

R

Closed

18,558,684

­ 18,558,684

884,265,617

2 ICO (U

S$9.4M)

Oceanographic & R

esearch Vessel

BFA

R

Closed

9,457,633

3,894,319

5,563,313

265,075,187

3 ICO (U

S$12.9M

) Solar Pow

er Technology Support to A

RC

DAR

Closed

12,937,311

­ 12,937,311

616,424,057

4 ICO USD 13.495 M

Solar Pow

er Technology Support to ARC, P

hase II

DAR

Closed

8,945,424

­ 8,945,424

426,222,617

5 ICO (U

S$4.3M)

Medical Equipment &

Services for Z

amboanga City

Medical Center

DOH

Closed

4,398,147

­ 4,398,147

209,558,504

6 ICO (U

S$25.7M

) SPANISH MIXED CREDIT FACILITY

DOTC

Closed

25,753,878

2,512,573

23,241,305

1,107,378,438

7 ICO (U

S$7M)

Maritime Safety Improvem

ent P

roject­Ph 3

DOTC

Closed

7,014,271

­ 7,014,271

334,208,970

8 ICO (U

S$6.7M)

Upgrading of the Medical Equipment of D

EMS of P

GH

UP/PGH

Closed

6,779,175

­ 6,779,175

323,007,327

Japa

n Ba

nk fo

r Interna

tiona

l Coo

peratio

n 8,188,767,995

873,922,603

7,314,845,392

348,530,438,410

1 JB

IC PH­P235

ARMM Social Fund for P

eace & Dev. P

roj.

ARMM

Active

11,993,957

­ 11,993,957

571,476,074

IA

LOAN

ST

ATUS

OUTS

TANDING BAL

ANCE

LOAN

ACCOUNT NUMBE

R

NAM

E OF PR

OJE

CT

96

Schedule IV

CUMULA

TIVE

CUMULA

TIVE

AV

AILM

ENT

REP

AYMEN

T USD

USD

USD

PH

P IA

LOAN

ST

ATUS

OUTS

TANDING BAL

ANCE

LOAN

ACCOUNT NUMBE

R

NAM

E OF PR

OJE

CT

2 JB

IC PH­P228

New

Com

munications, N

avigations Surveillance/Air Traffic Mgm

t. (CNS/ATM

) System Dev't. Proj.

ATO

Active

5,601,953

­ 5,601,953

266,916,242

3 JB

IC PH­P226

Subic­Clark­Tarlac Expressway Project

BCDA

Active

494,582,554

­ 494,582,554

23,565,374,943

4 JB

IC PH­P222

Mindanao Sustainable Settlement A

rea Development P

roj.

DA, D

AR

Active

60,624,334

­ 60,624,334

2,888,567,648

5 JB

IC PH­P242

Agrarian Reform Infrastructure Support Project, P

hase III

DAR

Active

15,447,948

­ 15,447,948

736,048,369

6 JB

IC PH­P200

Secondary Education Development. & Im

prov.Proj.

DECS

Active

65,928,413

­ 65,928,413

3,141,291,114

7 JB

IC PH­P225

Sustainable Environm

ental M

gt. P

roj. in Northern Palaw

an

DOT

Active

21,130,820

­ 21,130,820

1,006,820,171

8 JB

IC PH­P223

Agno River Flood Control P

roj. Ph. II­B

DPWH

Active

27,691,761

­ 27,691,761

1,319,429,354

9 JB

IC PH­P224

Laoag River Basin Flood Control &

SABO Proj.

DPWH

Active

67,122,209

­ 67,122,209

3,198,171,910

10 JBIC PH­P227

Arterial R

oad Link Dev.Proj. Ph.VI

DPWH

Active

49,073,833

­ 49,073,833

2,338,220,942

11 JBIC PH­P230

Iloilo Flood Control P

roj. Ph.II

DPWH

Active

46,385,989

­ 46,385,989

2,210,153,236

12 JBIC PH­P236

Arterial R

oad Bypass Proj. Ph. I

DPWH

Active

1,261,834

­ 1,261,834

60,122,619

13 JBIC PH­P237

Central M

indanao Road Proj.

DPWH

Active

2,654,648

­ 2,654,648

126,486,000

14 JBIC PH­P239

Pasig­Marikina River Channel Im

provem

ent P

roj. Ph. II

DPWH

Active

4,521,973

­ 4,521,973

215,458,439

15 JBIC PH­P241

Pinatubo Hazard Urgent M

itigation Proj. PIII

DPWH

Active

1,562,345

­ 1,562,345

74,441,049

16 JBIC PH­P221

Help for C

atubig Agr. A

dv. P

roj., SI

NIA

Active

26,742,210

­ 26,742,210

1,274,186,070

17 JBIC PH­P229

Bago River Irrigation System Reh.& Im

p. Proj.

NIA

Active

19,345,900

­ 19,345,900

921,774,078

18 JBIC PH­P215

Subic Bay Port D

evelopment P

roject

SBMA

Active

125,924,747

­ 125,924,747

5,999,936,400

19 JBIC PH­P238

Subic Bay Freeport E

nvironm

ent M

ngt. Proj. (Phase II)

SBMA

Active

­ ­

­ ­

20 JBIC PH­P232

Marine Disaster R

esponse & Environm

ental P

rotection System Proj.

DOTC

Cancelled

­ ­

­ ­

21 JBIC PH­P218

MM Interchange Construction Proj. Ph. V

DPWH

Cancelled

3,116,284

­ 3,116,284

148,481,596

22 JBIC PH­P233

Northern Luzon Wind Pow

er Project

PNOC­EDC

Cancelled

­ ­

­ ­

23 JBIC PH­P197

Fisheries Resource Managem

ent P

roj.

BFA

R

Closed

16,221,727

363,847

15,857,880

755,580,414

24 JBIC­BSR

Banking Sector R

eform Program

BSP

Closed

131,031,760

34,941,832

96,089,928

4,578,396,819

25 JBIC PH­P152

Agrarian Reform Infrastructure Support Proj. PI

DAR

Closed

63,086,923

10,771,451

52,315,471

2,492,675,270

26 JBIC PH­P169

Rural Farmers & Agra.Ref. S

upport Credit P

rogram

DAR

Closed

2,464,477

360,864

2,103,613

100,230,846

27 JBIC PH­P203

Agrarian Reform Infrastructure Support Proj. PII

DAR

Closed

133,785,263

­ 133,785,263

6,374,466,413

28 JBIC PH­P170

Environm

ental Infra Support Credit P

rogram

DBP

Closed

54,869,168

8,030,466

46,838,702

2,231,723,628

29 JBIC PH­P189

Dom

estic Shipping Modernization Program

Phase II

DBP

Closed

210,251,927

5,093,070

205,158,856

9,775,204,029

30 JBIC PH­P198

Industrial S

upport Services Expansion Prog ­Ph 2

DBP

Closed

382,467,582

­ 382,467,582

18,223,432,861

31 JBIC PH­P199

Environm

ental Infra Support Credit P

rogram

Phase II

DBP

Closed

222,677,840

­ 222,677,840

10,609,931,038

32 JBIC PH­P184

Third Elementary Education Project

DECS

Closed

103,708,585

10,118,337

93,590,248

4,459,294,551

33 JBIC PH­CL 020 (POLICY LO

AN)

MM Air Quality Improvem

ent S

ector D

evelopment P

rog.

DENR

Closed

393,746,100

­ 393,746,100

18,760,820,427

34 JBIC PH­P194

Southern Mindanao Integ.Coast. Zone Mgt. P

roj.

DENR

Closed

24,183,217

400,736

23,782,481

1,133,163,890

35 JBIC PH­P201

Rural W

ater Suppy & Sanitation Sector P

roj. P5

DILG

Closed

5,045,741

­ 5,045,741

240,414,410

36 JBIC­PSR

Pow

er Sector R

estructuring Program

DOE

Closed

408,498,020

233,202,083

175,295,937

8,352,325,523

37 JBIC­PSDP

Pow

er Sector D

evelopment P

rogram

DOF/DOE

Closed

377,475,600

­ 377,475,600

17,985,579,913

38 JBIC PH­P159

Maritime Safety Improvem

ent P

roj.P

h.B

DOTC

Closed

57,082,421

9,746,091

47,336,330

2,255,434,101

39 JBIC PH­P160

NW Air Navigation Facilities Modernization Project (3)

DOTC

Closed

67,285,378

11,488,453

55,796,925

2,658,556,067

40 JBIC PH­P173

Social R

eform Related Feeder P

orts Dev't. Projects

DOTC

Closed

46,494,338

6,080,807

40,413,531

1,925,583,522

41 JBIC PH­P190

Selected Airports (T/L) D

ev. P

roj. Ph.l

DOTC

Closed

25,323,458

577,329

24,746,129

1,179,078,802

42 JBIC PH­P208

Maritime Safety Improvem

ent P

roj.P

h.C

DOTC

Closed

2,725,984

­ 2,725,984

129,884,970

43 JBIC PH­P214

New

Iloilo Airport D

ev't. Proj.

DOTC

Closed

155,352,877

­ 155,352,877

7,402,098,553

44 JBIC PH­P219

Selected Airports (T/L) D

ev. P

roj. Ph.lI

DOTC

Closed

69,888,037

­ 69,888,037

3,329,955,280

45 JBIC PH­P155

Agno & Allied Rivers Urgent R

ehab. P

roj.

DPWH

Closed

89,902,818

15,349,933

74,552,884

3,552,221,288

46 JBIC PH­P158

Metro Cebu Devt. Proj III (Cebu South Coastal Road)

DPWH

Closed

199,339,574

34,040,991

165,298,583

7,875,981,574

97

Schedule IV

CUMULA

TIVE

CUMULA

TIVE

AV

AILM

ENT

REP

AYMEN

T USD

USD

USD

PH

P IA

LOAN

ST

ATUS

OUTS

TANDING BAL

ANCE

LOAN

ACCOUNT NUMBE

R

NAM

E OF PR

OJE

CT

47 JBIC PH­P162

Rural Road Network Dev't. Proj. Ph.II (Nat'l. Roads)

DPWH

Closed

135,737,696

23,351,669

112,386,027

5,354,857,044

48 JBIC PH­P163

Arterial R

oad Link Dev't Proj. Ph II

DPWH

Closed

41,692,235

7,119,266

34,572,969

1,647,298,231

49 JBIC PH­P164

PJFH Rehab & Im

provem

ent P

roject II

DPWH

Closed

96,862,418

16,538,214

80,324,204

3,827,207,367

50 JBIC PH­P165

MM Interchange Construction Proj. Ph. III

DPWH

Closed

19,695,946

3,363,726

16,332,219

778,181,259

51 JBIC PH­P166

Mt. Pinatubo Hazard Mitigation Proj.

DPWH

Closed

74,961,226

10,970,543

63,990,683

3,048,964,089

52 JBIC PH­P174

PJFH Mindanao Section Rehab Proj.P

h. I

DPWH

Closed

80,923,868

7,896,224

73,027,644

3,479,548,175

53 JBIC PH­P175

Second MMBProj­P

hase 2 and Metro Cebu Road Proj.

DPWH

Closed

68,768,553

6,709,905

62,058,648

2,956,908,412

54 JBIC PH­P179

MM Flood Control P

roj. & W

est of M

angahan Floodw

ay

DPWH

Closed

97,175,087

9,830,878

87,344,209

4,161,689,538

55 JBIC PH­P180

Lower Agusan Dev't Project(Flood Control C

omponent­PII)

DPWH

Closed

79,370,107

7,905,678

71,464,429

3,405,065,650

56 JBIC PH­P186

MM Interchange Construction Proj. Ph. IV

DPWH

Closed

55,278,439

1,272,961

54,005,477

2,573,198,985

57 JBIC PH­P188

Arterial R

oad Link Dev't Proj. Ph III

DPWH

Closed

127,685,554

2,942,668

124,742,886

5,943,624,305

58 JBIC PH­P192

Iloilo Flood Control P

roj. Ph.I

DPWH

Closed

3,674,408

63,658

3,610,749

172,041,375

59 JBIC PH­P204

Arterial R

oad Link Dev. P

roj. Ph.lV

DPWH

Closed

165,427,897

­ 165,427,897

7,882,143,013

60 JBIC PH­P205

Cordillera Road Improvem

ent P

roj.

DPWH

Closed

59,895,294

­ 59,895,294

2,853,831,090

61 JBIC PH­P206

PJFH Mindanao Section Rehab Proj.P

h. ll

DPWH

Closed

80,627,349

­ 80,627,349

3,841,651,307

62 JBIC PH­P207

Rehab & Maint.of B

ridges along Arterial R

oad Proj. Ph. IV

DPWH

Closed

41,063,120

­ 41,063,120

1,956,534,473

63 JBIC PH­P209

Pinatubo Hazard Urgent M

itigation Proj. P­ll

DPWH

Closed

82,794,609

­ 82,794,609

3,944,914,717

64 JBIC PH­P210

Pasig­Marikina River Channel Im

provem

ent P

roj. Ph. I

DPWH

Closed

10,469,676

­ 10,469,676

498,848,671

65 JBIC PH­P216

Magsaysay Bridge & Butuan City B

ypass Rd., P

II DPWH

Closed

38,032,249

­ 38,032,249

1,812,122,562

66 JBIC­UNTIED

Sixth Road Project

DPWH

Closed

168,367,527

51,631,308

116,736,219

5,562,130,632

67 JBIC PH­P157

Metro Cebu Dev. P

roj. III (C

ebu South Reclamation)

LBP

Closed

133,329,879

22,764,239

110,565,640

5,268,121,068

68 JBIC PH­P168

Rural Farmers & Agra.Ref. S

upport Credit P

rogram

LB

P

Closed

113,785,472

16,651,780

97,133,692

4,628,129,015

69 JBIC PH­P195

LGU's Support Credit P

rogram

LB

P

Closed

65,821,904

1,428,037

64,393,866

3,068,174,549

70 JBIC PH­P167

MM Strategic MRT Devt.(Line 2) P

roject , Phase I

LRTA

Closed

223,300,584

32,678,931

190,621,653

9,082,549,887

71 JBIC PH­P171

MM Strategic MRT Devt.(Line 2) P

roject , Phase II

LRTA

Closed

283,184,829

27,628,609

255,556,220

12,176,487,229

72 JBIC PH­P185

MM Strategic MRT Dev't. (L

ine 2) Project , Phase III

LRTA

Closed

146,177,456

2,397,000

143,780,456

6,850,707,389

73 JBIC PH­P211

LRT Line I Capacity Expansion Proj. Ph. II

LRTA

Closed

222,800,916

­ 222,800,916

10,615,795,259

74 JBIC PH­P154

Provincial C

ities W

ater Supply IV

LW

UA

Closed

20,797,674

3,551,573

17,246,101

821,724,968

75 JBIC PH­P181

Provincial C

ities W

ater Supply V

LWUA

Closed

45,802,474

4,468,972

41,333,502

1,969,417,383

76 JBIC PH­P153

Lower Agusan Dev't Project (Irrigation Com

ponent)

NIA

Closed

42,294,700

7,287,288

35,007,413

1,667,998,186

77 JBIC PH­P161

Improvem

ent in Pow

er Grid Proj.

NPC

Closed

14,820,229

14,820,229

­ ­

78 JBIC PH­P177

Leyte­Bohol Interconnection

NPC

Closed

83,509,489

83,509,489

­ ­

79 JBIC PH­P178

Luzon Grid Transmission Projects Asso. W

ith Private Pow

er

Projects(Ilijan Gereenfield & Casecnan Hydropower Asso.

Transm

ission Line)

NPC

Closed

100,457,398

100,457,398

­ ­

80 JBIC PH­P183

Special Economic Zones Env. M

gmt. Project

PEZA

Closed

5,800,618

566,756

5,233,862

249,377,818

81 JBIC PH­P213

Mindanao Container Terminal Proj.

PHIVIDEC

Closed

89,650,351

­ 89,650,351

4,271,570,269

82 JBIC PH­P176

Northern Negros Geothermal Project

PNOC

Closed

114,008,053

11,951,960

102,056,093

4,862,666,662

83 JBIC PH­P172

Batangas Port D

evt P

roj P

hase II (E

ng'g Services)

PPA

Closed

5,454,839

532,817

4,922,021

234,519,558

84 JBIC PH­P187

Batangas Port D

evelopment P

roj. (Phase II)

PPA

Closed

155,112,209

3,695,682

151,416,527

7,214,543,267

85 JBIC PH­P156

Boracay Environm

ental Infrastructure Proj.

PTA

Closed

14,648,878

2,501,779

12,147,100

578,772,861

86 JBIC PH­P182

Subic Bay Freeport E

nvironm

ent M

ngt. Proj.

SBMA

Closed

8,654,360

845,106

7,809,254

372,087,538

87 JBIC PH­P196

Central Luzon Irrigation Proj./Casecnan Multi­purpose

Irrigation & Pow

er Proj.

NIA

Ext­1/7/2009

125,055,196

3,544,800

121,510,396

5,789,605,835

88 JBIC PH­P202

Bohol Irrigation Proj. Ph. ll

NIA

Ext­3/28/09

54,942,349

­ 54,942,349

2,617,838,094

89 JBIC PH­P193

Agno River Flood Control P

roj. Ph.II­A

DPWH

Ext­3/7/10

58,092,414

1,669,787

56,422,627

2,688,368,923

90 JBIC PH­P231

Urgent B

ridges Construction Proj.­Rural Dev.

DPWH

Ext­3­24­12

76,530,180

­ 76,530,180

3,646,433,475

98

Schedule IV

CUMULA

TIVE

CUMULA

TIVE

AV

AILM

ENT

REP

AYMEN

T USD

USD

USD

PH

P IA

LOAN

ST

ATUS

OUTS

TANDING BAL

ANCE

LOAN

ACCOUNT NUMBE

R

NAM

E OF PR

OJE

CT

91 JBIC PH­P191

Metro Iligan Regional Infrastructure Dev. P

roj.

Provl Gov't­LD

N Ext­6/7/10

14,449,172

807,386

13,641,786

649,990,164

92 JBIC PH­P217

Arterial R

oad Link Dev.Proj. Ph.V

DPWH

Ext­9/25/10

62,503,769

­ 62,503,769

2,978,117,090

93 JBIC PH­P212

KAMANAVA Flood Control/D

ra.Sys.Im

p.Proj.

DPWH

Ext­9/4/09

73,808,245

­ 73,808,245

3,516,741,457

94 JBIC PH­P220

Rural Road Network Development P

roj.P

h.III

DPWH

Ext­9­25­11

11,848,577

­ 11,848,577

564,549,129

Kreditstanstalt Fu

r Wiede

raufba

u, German

y 144,595,033

30,081,752

168,910,354

8,048,071,618

1 KFW

Health Sector R

eform Project

DOH/MDFO

Active

­ ­

­ ­

2 KFW

A1­200565887

Local G

overnm

ent U

nits Investment P

rogram

me

LBP

Active

12,170,626

­ 12,170,626

579,893,821

3 KFW

No. 19 Portion 1 & 2

Credit Line for S

mall &

Medium Enterprise II

LBP

Cancelled

­ ­

­ ­

4 KFW

No. 15 #1095708

Industrial P

ollution Control I

DBP

Closed

3,388,234

434,414

6,095,990

290,455,642

5 KFW

No. 18 Portion 1 & 2

Credit Line for S

mall &

Medium Enterprise I

DBP

Closed

18,414,315

14,030,004

21,461,322

1,022,567,627

6 KFW

No. 21

Industrial P

ollution Control II

DBP

Closed

12,989,825

­ 12,989,825

618,926,206

7 KFW

No. 12 (A1­9160001)

Promotion of Small E

nterprise

LBP

Closed

5,432,223

1,047,704

9,422,237

448,941,336

8 KFW

4197642

Provincial Tow

ns W

ater Supply Project I/II

LWUA

Closed

20,318,188

­ 20,318,188

968,100,712

9 KFW

No. 11#9687068

Sucat­Balintawak T/L & Substations

NPC

Closed

5,524,295

10,647,398

­ ­

10 KFW

No. 13 #335937/335988

Masinloc­Labrador Pow

er Project

NPC

Closed

16,462,398

8,518

31,720,727

1,511,397,502

11 KFW

No. 14 #335996

Energy Sector P

rogram

II

NPC

Closed

9,435,456

676,910

17,508,769

834,240,302

12 KFW

/EURO No. 3961971

Upgrading of P

hilippine Merchant M

arine Academy

PMMA

Closed

8,092,022

3,236,805

4,855,218

231,336,549

13 KFW

/EURO No. 4306551

Upgrading of P

hilippine Merchant M

arine Academy

PMMA

Closed

10,241,424

­ 10,241,424

487,973,151

14 KFW

#3945906/200066412

Expansion of D

ual E

ducation & Training

TESDA

Closed

9,435,689

­ 9,435,689

449,582,273

15 KFW

04/BMZ2

0016596

Small M

edium Enterprise Financing Program

me

SBGFC

Ext­12/30/10

5,476,104

­ 5,476,104

260,919,930

16 KFW

No. 22/A­200196951

Credit Line for S

olid W

aste Managem

ent P

rogram

DBP

Ext­12/31/10

7,214,233

­ 7,214,233

343,736,567

US Pu

blic Law

s 219,129,123

27,904,996

191,224,127

9,111,255,974

1 US PL 480­24

Import of Rice (FY2

006)

DA

Active

19,424,953

­ 19,424,953

925,540,736

2 US PL 480­18

Importation of Soybean Meal

DA

Closed

29,999,941

8,445,887

21,554,053

1,026,985,986

3 US PL 480­19

Importation of Rice & Soybean Meal

DA

Closed

39,999,709

8,959,629

31,040,080

1,478,966,701

4 US PL 480­20

Importation of Rice & Soybean Meal

DA

Closed

39,726,307

3,964,313

35,761,995

1,703,951,767

5 US PL 480­21

Importation of Rice & Soybean Meal

DA

Closed

19,983,167

1,328,246

18,654,921

888,851,041

6 US PL 480­22

Import of Rice (FY2

003­2004)

DA

Closed

39,999,843

1,456,927

38,542,916

1,836,454,340

7 US PL 480­23

Import of Rice (FY2

004­2005)

DA

Closed

19,995,217

­ 19,995,217

952,712,105

8 US PL 480­17

Importation of Soybean Meal

DA

Closed

9,999,985

3,749,994

6,249,991

297,793,298

Other Creditors

154,155,247

60,006,673

94,148,574

4,485,897,106

1 ANZ/EFIC (Loan A)

Search & Rescue Vessels Project

DOTC

Active

85,599,006

33,647,220

51,951,786

2,475,346,730

2 Saudi Fund for D

evelopment

Mindanao Roads Im

provem

ent P

roject

DPWH

Active

754,497

­ 754,497

35,949,533

3 SIDA IN

EC 1995­1065

Expansion of C

omputerized Geographic­based Inform

ation

Systems

DAR

Closed

2,360,373

2,360,373

­ ­

4 ITALY

II (M

ediocreditor C

entrale)

Mindanao Telecommunication Development P

roj II

DOTC

Closed

11,216,319

3,925,711

7,290,607

347,375,573

5 Credit C

om'l de France ­ 1

5%

Telepono sa Barangay Phase II

DOTC

,MTP

O

Closed

6,131,155

6,131,155

­ ­

6 FO

RTIS BANK­DPWH

Dredging & Sanitation Works in Pasig River Phase I

DPWH

Closed

11,774,790

5,233,240

6,541,550

311,685,229

7 KFA

ED No. 541

Mindanao 2nd Road Improv't. Proj.

DPWH

Closed

19,749,359

7,098,117

12,651,242

602,793,722

8 LE

ONIA BANK

Rehabilitation of W

aterways in the Pinatubo Pilot A

reas

DPWH

Closed

2,555,159

730,045

1,825,113

86,961,175

9 JA

PAN FOOD AGENCY # 4

Delivery of 30,075 metric ton of Rice

NFA

Closed

5,872,074

880,811

4,991,263

237,818,686

10 Belgian ­ No. 14 EUR6.296M

Modernization/Upgrading of LRV for L

RT Line 1

LRTA

Ext­2­28­09

8,142,516

­ 8,142,516

387,966,460

11 BNP PARIBAS EUR

Tulay ng Pangulo para sa Kaunlarang Pang­Agraryo

DAR

New

­

­ ­

­ 12 BNP PARIBAS JPY

Mega Bridges for U

rban and Rural Dev't. Proj.

DPWH

New

­

­ ­

­ To

tal B

ilateral L

oans

9,620,988,286

1,339,195,289

8,336,190,070

397,194,448,249

99

Schedule IV

CUMULA

TIVE

CUMULA

TIVE

AV

AILM

ENT

REP

AYMEN

T USD

USD

USD

PH

P IA

LOAN

ST

ATUS

OUTS

TANDING BAL

ANCE

LOAN

ACCOUNT NUMBE

R

NAM

E OF PR

OJE

CT

Bank

of A

ustria Creditanstalt, Austria

214,702,498

17,358,698

197,343,801

9,402,840,067

1 Bank of Austria Creditanstalt (212.060)

Supply of W

aste Disposal Facilities, Med. E

quipment etc.

DOH

Closed

20,164,214

11,762,458

8,401,756

400,318,466

2 Bank of Austria Creditanstalt (213.469)

Improvem

ent of N

at'l Secondary Road System

DPWH

Closed

50,366,155

5,596,239

44,769,916

2,133,152,167

3 Bank of Austria Creditanstalt (215.050)

Pres. Bridge Program

Phase II

DILG

Closed

100,788,700

­ 100,788,700

4,802,279,186

4 Bank of Austria Creditanstalt (216.437)

Upgrading of D

OH Hospital

DOH

Closed

43,383,429

­ 43,383,429

2,067,090,248

5 Bank of Austria Creditanstalt

Bridge Construction Acceleration Project for C

alam

ity Stricken

Areas (B

CAP)

DPWH

New

­

­ ­

­

Banc

o Bilbao

Vizcaya

52,130,949

38,646,169

13,484,780

642,509,307

1 Banco Bilbao Vizcaya (U

S$18.5M

) Acquisition of 14 Fisheries Managem

ent P

atrol V

essels for

Monitoring, Control and Surveilla

nce

BFA

R

Closed

18,558,684

10,618,466

7,940,218

378,327,569

2 Banco Bilbao Vizcaya (U

S$9.4M)

Oceanographic & R

esearch Vessel

BFA

R

Closed

9,457,633

9,457,633

­ ­

3 Banco Bilbao Vizcaya (U

S$4.3M)

Medical Equipment &

Services for Z

amboanga City

Medical Center

DOH

Closed

4,398,147

4,398,147

­ ­

4 Banco Bilbao Vizcaya (U

S$6.7M)

Upgrading of the Medical Equipment of D

EMS of P

GH

UP/PGH

Closed

6,779,175

6,779,175

­ ­

5 Banco Bilbao Vizcaya (U

S$12.9M

) AGRARIAN REFO

RM BRGYS

(ARCs)

DAR

Ext­3/30/08

12,937,311

7,392,749

5,544,562

264,181,738

China

Nat'l Con

st.& Agr.M

achine

ry

42,711,187

11,105,602

31,605,584

1,505,911,268

1 China Nat'l Const.& Agr.Machinery­CHI­2

Gen. S

antos Fish Port C

omplex Expansion Project

DA

Active

24,985,000

4,675,378

20,309,622

967,692,545

2 China Nat'l Const.& Agr.Machinery­CHI­1

Banaoang Pum

p Irrigation Project

NIA

Ext­12/27/09

17,726,187

6,430,224

11,295,962

538,218,723

Exim

bank

of C

hina

296,252,522

­ 296,252,522

14,115,543,929

1 Eximbank of C

hina

North Luzon Railways Project

NLR

C

Active

120,492,249

­ 120,492,249

5,741,094,172

2 Eximbank of C

hina

Non­intru

sive Container Inspection System

BOC

Closed

58,509,874

­ 58,509,874

2,787,819,948

3 Eximbank of C

hina

Non­intru

sive Container Inspection System,PII

BOC

Closed

117,250,400

­ 117,250,400

5,586,629,809

4 Eximbank of C

hina

Northrail Project Phase I, Section 2 (Malolos­Clark)

NLR

C

Ext­9­13­12

­ ­

­ ­

Expo

rt Credits Gua

rantee Dep

t., Gov't of Eng

land

170,797,918

98,104,943

72,692,975

3,463,602,176

1 ECGD­Duetsche Bank Y2

.936B Com

m'l

Tulay Ng Pangulo sa Kaunlaran Project, P

I DPWH

Active

31,852,148

6,370,430

25,481,718

1,214,127,438

2 ECGD­Deutsche Bank Y2

.9B Com

m'l

Tulay ni Pangulo sa Barangay

DPWH

Closed

31,890,180

31,890,180

­ ­

3 ECGD­Deutsche Bank Y4

.3B Com

m'l

Tulay ng Pangulo sa SZO

PAD

DPWH

Closed

46,859,040

46,859,040

­ ­

4 ECGD­Standard Chartered Bank

REHAB STE

EL BRIDGING COMPONENT

DPWH

Closed

23,609,625

12,985,294

10,624,331

506,217,511

5 ECGD­Deutsche Bank Y3

.3B Com

m'l

Tulay ni Pangulo para sa Magsasaka

DAR

Ext­12/1/11

36,586,925

­ 36,586,925

1,743,257,227

Expo

rt Develop

men

t Corpo

ratio

n 122,178,977

76,290,315

45,888,662

2,186,457,074

1 EDC 880­PHI­7

535

Telepono sa Barangay Phase I

DOTC

Closed

22,728,977

17,384,739

5,344,238

254,636,914

2 EDC 880­PHI­8

314

Mindanao Telecommunication Systems Project

DOTC

, MTP

O

Closed

99,450,000

58,905,576

40,544,424

1,931,820,160

Fren

ch Protoco

l 25,637,158

21,717,637

3,919,521

186,753,402

1 FP

95­FF

13.5M

Upgrading of E

. Rodriguez Mem

orial H

ospital

DOH

Closed

2,866,843

1,914,989

951,855

45,353,014

2 FP

95­FF

16.0M

Trophy Radiology­Upgrading Radio'l. I

DOH

Closed

3,384,028

3,330,868

53,160

2,532,899

3 FP

95­FF

3.2M

Metro Manila Traffic System/ B

. Paribas

DPWH

Closed

688,415

688,415

­ ­

4 FP

95­FF

8.4M

Crash Fire Rescue III Equipt. /C. Lyonnais

DOTC

Closed

1,777,818

1,777,818

­ ­

5 FP

97 FF

39.9M

Global M

aritime Distress Safety System Project

DOTC

Closed

6,035,482

5,130,160

905,322

43,135,894

6 FP

97 FF

60.1M

Trophy Radiology­Upgrading Radio'l. II

DOH

Closed

5,087,945

4,701,243

386,702

18,425,197

7 FP

98­EUR .774M

Modern Gov't New

s/B. P

aribas

OPS

Closed

1,074,651

868,762

205,889

9,810,002

8 FP

98­EUR 3.4M

Modern Gov't New

s/B. P

aribas

OPS

Closed

4,721,976

3,305,383

1,416,593

67,496,395

100

Schedule IV

CUMULA

TIVE

CUMULA

TIVE

AV

AILM

ENT

REP

AYMEN

T USD

USD

USD

PH

P IA

LOAN

ST

ATUS

OUTS

TANDING BAL

ANCE

LOAN

ACCOUNT NUMBE

R

NAM

E OF PR

OJE

CT

Other Creditors

236,854,288

119,480,354

117,373,934

5,592,515,842

1 BNP PARIBAS USD 13 M

Solar Pow

er Technology Support to ARC, P

hase II

DAR

Active

13,495,424

963,959

12,531,465

597,086,720

2 ING Bank N.V. (Netherlands)

Dev. of S

ub­Speciality Capabilities for H

eart, Lung &

Kidney Patients

DOH

Active

15,694,442

4,053,527

11,640,915

554,654,690

3 ANZ/EFIC (Loan B)

Search & Rescue Vessels Project

DOTC

Active

20,513,957

20,513,957

­ ­

4 BNP PARIBAS

Restoration/Rehab of W

aterways in Selected River

Basins Nationw

ide Phase I Project

DPWH

Active

1,121,839

­ 1,121,839

53,452,258

5 Bank of America (C/A­7/05/96)

Supply & Installation Of C

ompact Bailey Bridging &

Com

ponents

DILG

Closed

24,016,295

24,016,295

­ ­

6 Raiffeissen Zentralbank Osterreich

Emergency Network Project

DILG

Closed

33,301,133

­ 33,301,133

1,586,699,068

7 Raiffeissen Zentralbank Osterreich

Waste W

ater Treatment P

lants for D

OH Hospitals

DOH

Closed

20,911,116

3,217,095

17,694,021

843,067,000

8 Bancaja (S

MCF­Spain)

Maritime Safety Improvem

ent P

roject­Ph 3

DOTC

Closed

7,014,271

6,580,500

433,771

20,667,880

9 Credit A

gricole Indosuez

Global M

aritime Distress Safety System Project

DOTC

Closed

1,062,235

1,062,235

­ ­

10 Credit C

om'l de France ­ 8

5%

Telepono sa Barangay Phase II

DOTC

,MTP

O

Closed

21,652,791

16,239,593

5,413,198

257,922,638

11 EFIC $14.8M

Expansion & Rehab­Baguio Water System Project

LWUA

Closed

14,077,752

10,885,577

3,192,175

152,097,582

12 Banco Santander(SMCF­Spain)

Oceanographic & R

esearch Vessel Nos.473 & 474

NAMRIA

Closed

25,753,879

25,753,879

­ ­

13 FORTIS BANK­LRTA

Modernization/Upgrading of LRV for L

RT Line 1

LRTA

Ext­

8,496,026

­ 8,496,026

404,810,140

14 ERSTE

(Austria)

Development of C

enters of E

xcellence in Modern

Manufacturing Technology

TESDA

Ext­5/17/09

23,549,392

­ 23,549,392

1,122,057,867

15 SIDA

Credit Facility for E

nvironm

ental M

anagem

ent P

roj.

DBP

Ext­8/2/09

6,193,737

6,193,737

­ ­

16 BNP PARIBAS JPY

Mega Bridges for U

rban and Rural Dev't. Proj.

DPWH

New

­

­ ­

­ To

tal C

ommercial Loans

1,161,265,497

382,703,719

778,561,779

37,096,133,065

MULT

ILAT

ERAL

LOAN

S­

Asian Develop

men

t Ban

k 3,547,416,629

637,765,819

2,659,650,810

126,724,382,140

1 ADB2311 PHI

Integrated Coastal Resources Managem

ent Project

DA DENR

Active

697,327

­ 697,327

33,225,521

2 ADB2063 PHI

Development of P

oor U

rban Com

munity Sector P

roj.

DBP

Active

12,005,232

­ 12,005,232

572,013,267

3 ADB2282 PHI

Pow

er Sector D

evelopment P

rogram

Cluster

DOE

Active

450,000,000

­ 450,000,000

21,441,150,000

4 ADB2315 PHI

Development P

olicy Support Program

DOF

Active

250,000,000

­ 250,000,000

11,911,750,000

5 ADB2137 PHI

Health Sector D

evelopment P

roject

DOH,LGUs

Active

2,012,181

­ 2,012,181

95,874,380

6 ADB1984 PHI

Electricity Market &

Transmission Development P

roj.

NPC

Active

32,094,532

­ 32,094,532

1,529,208,182

7 ADB2186 PHI

Small &

Medium Enterprise Development S

upport Project

SBGFC

Active

26,056,347

­ 26,056,347

1,241,506,763

8 ADB1562 PHI

Fisheries Resource Managem

ent P

roj.

BFA

R

Closed

14,193,195

354,878

13,838,317

659,354,291

9 ADB1563 PHI

Fisheries Resource Managem

ent P

roj.

BFA

R

Closed

8,207,187

1,007,690

7,199,497

343,034,449

10 ADB1421 PHI

Cordillera Highland Agricultural R

esource Mgnt. Proj.

DA

Closed

8,300,000

1,051,726

7,248,274

345,358,523

11 ADB1422 PHI

Cordillera Highland Agricultural R

esource Mgnt. Proj.

DA

Closed

7,444,246

558,194

6,886,052

328,099,736

12 ADB1739 PHI

Grains Sector D

evelopment P

rog. Loan

DA

Closed

30,000,000

11,763,800

18,236,200

868,900,221

13 ADB1740 PHI

Grains Sector D

evelopment P

roj. Loan

DA

Closed

5,503,071

435,155

5,067,916

241,471,000

14 ADB1332 PHI

Rural Infrastructure Dev't. Proj.

DA

Closed

10,860,684

1,085,582

9,775,102

465,754,273

15 ADB1667 PHI

Agrarian Reform Com

munities P

roj

DAR

Closed

72,596,060

5,397,942

67,198,118

3,201,788,739

16 ADB1751 PHI

Fund forTechnical Education & Skills Development P

roj.

DBP

Closed

10,218,636

2,450,054

7,768,582

370,149,613

17 ADB1654 PHI

Secondary Education Development. & Im

prov.Proj.

DECS

Closed

32,118,575

1,266,718

30,851,857

1,469,998,435

18 ADB1663 PHI (POLICY LO

AN)

MM Air Quality Improvem

ent S

ector D

evelopment P

rog.

DENR

Closed

200,000,000

84,421,800

115,578,200

5,506,954,495

19 ADB1665 PHI

MM Air Quality Improvem

ent S

ector D

evelopment

Proj.(Investment C

omp.)

DENR

Closed

28,038,812

3,186,303

24,852,509

1,184,147,490

20 ADB1658 PHI

Clark Area Municipal Development P

roj.

DILG

Closed

3,331,888

334,271

2,997,617

142,827,446

21 ADB2450 PHI

Development P

olicy Support Program

Cluster­Sub Program

2 DOF

Closed

250,000,000

­ ­

­

101

Schedule IV

CUMULA

TIVE

CUMULA

TIVE

AV

AILM

ENT

REP

AYMEN

T USD

USD

USD

PH

P IA

LOAN

ST

ATUS

OUTS

TANDING BAL

ANCE

LOAN

ACCOUNT NUMBE

R

NAM

E OF PR

OJE

CT

22 ADB1367 PHI

Regional M

unicipal Development P

roject

DOF/DILG

Closed

12,039,166

2,802,400

9,236,766

440,104,191

23 ADB1331 PHI

Wom

en's Health & Safe Motherhood Proj.

DOH

Closed

33,697,966

3,370,111

30,327,855

1,445,031,303

24 ADB1396 PHI

Integrated Com

munity Health Services Project

DOH

Closed

20,105,973

1,759,604

18,346,368

874,149,411

25 ADB2136 PHI

Health Sector D

evelopment P

rogram

DOH, P

hilhealth

Closed

200,000,000

9,220,000

190,780,000

9,090,094,660

26 ADB1536 PHI

Third Airports Development P

roj. (Southern Phil.)

DOTC

Closed

12,157,965

1,577,542

10,580,423

504,125,414

27 ADB1322 PHI

Fourth Road Improvem

ent P

roject (S

upp)

DPWH

Closed

22,142,655

8,180,100

13,962,555

665,273,854

28 ADB1440 PHI

Rural W

ater Suppy & Sanitation Sector P

roj.

DPWH

Closed

9,480,370

1,794,600

7,685,770

366,203,894

29 ADB1441 PHI

Rural W

ater Suppy & Sanitation Sector P

roj.

DPWH

Closed

10,626,584

663,856

9,962,727

474,694,068

30 ADB1453 PHI

Bukidnon Integrated Area Dev't Proj.

DPWH

Closed

3,025,313

195,274

2,830,039

134,842,857

31 ADB1473 PHI

Sixth Road Project

DPWH

Closed

148,578,262

23,967,078

124,611,184

5,937,349,106

32 ADB1606 PHI

Early Childhood Development P

roj.

DSWD

Closed

13,427,983

1,530,110

11,897,873

566,897,940

33 ADB1607 PHI

Early Childhood Development P

roj.

DSWD

Closed

8,457,691

211,325

8,246,366

392,914,589

34 ADB1435 PHI

Rural Microenterprise Finance Project

LBP

Closed

20,610,164

1,288,436

19,321,728

920,622,387

35 ADB1664 PHI

MM Air Quality Improvem

ent S

ectorDevelopment P

roj.

LBP

Closed

7,827,586

3,541,399

4,286,187

204,223,950

36 ADB1729 PHI

LGU Private Infrastructure Project Development F

acility

LBP

Closed

416,130

138,941

277,189

13,207,222

37 ADB1472 PHI

Small Tow

ns W

ater Supply Sect P

roj.

LWUA

Closed

24,802,325

4,049,217

20,753,109

988,823,369

38 ADB1379 PHI

Umiray­Angat Transbasin Project

MWSS

Closed

87,777,278

18,457,800

69,319,478

3,302,865,165

39 ADB2012 PHI

MWSS New

Water Source Development P

roject

MWSS

Closed

1,188,530

227,903

960,627

45,770,992

40 ADB1365 PHI

Second Irrigations Systems Improvem

ent P

roject

NIA

Closed

13,261,447

1,837,644

11,423,803

544,309,955

41 ADB1366 PHI

Second Irrigations Systems Improvem

ent P

roject

NIA

Closed

13,533,987

1,184,930

12,349,057

588,395,533

42 ADB1398 PHI

North Luzon Transmission Project

NPC

Closed

161,679,013

161,679,013

­ ­

43 ADB1474 PHI

Leyte­Mindanao Interconnection Eng'g. P

roj

NPC

Closed

4,911,838

3,122,100

1,789,738

85,275,646

44 ADB1590 PHI

Pow

er Transmission Reinforcement P

roj.

NPC

Closed

43,295,154

13,068,000

30,227,154

1,440,233,221

45 ADB1662 PHI

Pow

er Sector R

estru

cturing Program

NPC

Closed

300,000,000

132,128,200

167,871,800

7,998,587,655

46 ADB1745 PHI

Pasig River Env. M

gnt. & Rehab. S

ec. D

ev. P

rog.

PRRC

Closed

100,000,000

30,987,500

69,012,500

3,288,238,588

47 ADB1746 PHI

Pasig River Env. M

gnt. & Rehab. S

ec. D

ev. P

roj.

PRRC

Closed

63,028,175

2,069,537

60,958,638

2,904,496,240

48 ADB1599 PHI

Subic Bay Area Municipal Development P

roj.

SBMA

Closed

1,171,630

185,400

986,230

46,990,900

49 ADB1858 PHI

Nonbank Financial Governance Program

SEC

Closed

75,000,000

16,095,000

58,905,000

2,806,646,535

50 ADB2003 PHI

Second Nonbank Financial Governance Program

SEC

Closed

150,000,000

14,535,000

135,465,000

6,454,500,855

51 ADB2199 PHI

Microfinance Development P

rogram

SEC

Closed

150,000,000

­ 150,000,000

7,147,050,000

52 ADB2278 PHI

Financial M

arket R

egulation & Interm

ediation Program

Cluster SEC

Closed

200,000,000

­ 200,000,000

9,529,400,000

53 ADB1363 PHI

Capital M

arket D

evelopment P

rog.

SEC (2

007 DOF) Closed

75,000,000

61,326,800

13,673,200

651,486,960

54 ADB1750 PHI

Technical E

ducation & Skills Development P

roj.

TESDA

Closed

16,629,630

740,248

15,889,382

757,081,364

55 ADB1668 PHI

Southern Philippines Irrigation Sector P

roject

NIA

Ext­ 6

/30/10

41,095,768

2,042,869

39,052,899

1,860,753,487

56 ADB1772 PHI

Infras. For Rural Productivity Enhancement S

ector P

roject

DA

Ext­6/30/10

25,627,307

404,007

25,223,300

1,201,814,569

57 ADB1843 PHI

Mindanao Basic Urban Services Sector P

roject

LBP

Ext­6­30­09

23,142,767

69,763

23,073,004

1,099,359,437

58 ADB2465 PHI

Agrarian Reform Com

munities Project II

DAR

New

­

­ ­

­ 59 ADB2489 PHI

Governance in Justice Sector R

eform Program

DOF

NEW

­ ­

­ ­

Internationa

l Ban

k for R

econ

struction an

d Develop

men

t 1,968,541,782

378,671,022

1,589,870,760

75,752,572,094

1 IBRD 7431 PH

National P

rogram

Support for T

ax Adm

inistration Reform Proj

BIR

Active

398,192

­ 398,192

18,972,671

2 IBRD 7440 PH

Mindanao Rural Development P

roject Phase II

DA

Active

3,050,000

­ 3,050,000

145,323,350

3 IBRD 7393 PH

National P

rogram

Support for B

asic Education Project

DECS

Active

73,210,842

­ 73,210,842

3,488,276,968

4 IBRD 7298 PH

Second Land Adm

inistration & Managem

ent P

roject

DENR

Active

4,723,481

­ 4,723,481

225,059,706

5 IBRD 7470 PH

National P

rogram

Support for E

nvironm

ent and Natural

DENR

Active

4,000,000

­ 4,000,000

190,588,000

6 IBRD 7424 PH

First D

evelopment P

olicy Loan Program

DOF

Active

250,000,000

­ 250,000,000

11,911,750,000

7 IBRD 7395 PH

National S

ector S

upport for H

ealth Reform Projects

DOH

Active

18,322,280

­ 18,322,280

873,001,655

8 IBRD 7290 PH

Second Wom

en's Health & Safe Motherhood Proj.

DOH,LGUs

Active

875,433

­ 875,433

41,711,765

102

Schedule IV

CUMULA

TIVE

CUMULA

TIVE

AV

AILM

ENT

REP

AYMEN

T USD

USD

USD

PH

P IA

LOAN

ST

ATUS

OUTS

TANDING BAL

ANCE

LOAN

ACCOUNT NUMBE

R

NAM

E OF PR

OJE

CT

9 IBRD 4833 PH

Support for S

trategic Local D

evelopment &

Investment P

roject LB

P

Active

16,767,556

­ 16,767,556

798,923,756

10 IBRD 7311 PH

Manila Third Sew

erage Project

LBP

Active

20,416,865

­ 20,416,865

972,802,366

11 IBRD 7205 PH

Laguna de Bay Institutional S

trengthening & Com

munity

LLDA

Active

1,981,641

­ 1,981,641

94,419,225

12 IBRD 7191 PH

Judicial Reform Support Project

Supreme Court

Active

9,983,474

­ 9,983,474

475,682,564

13 IBRD 4412 PH

Banking System Reform Loan

BSP

Closed

100,000,000

24,109,500

75,890,500

3,615,954,654

14 IBRD 4522 PH

Mindanao Rural Development P

roject

DA

Closed

19,920,815

3,798,200

16,122,615

768,194,241

15 IBRD 4109 PH

Agrarian Reform Com

munities Development P

roj.

DAR

Closed

49,672,112

16,334,740

33,337,372

1,588,425,775

16 IBRD 4535 PH

Social E

xpenditure Managem

ent P

rog.

DBM

Closed

99,931,843

15,734,230

84,197,613

4,011,763,675

17 IBRD 7118 PH

Second Social E

xpenditure Managem

ent P

rog.

DBM

Closed

100,000,000

­ 100,000,000

4,764,700,000

18 IBRD 4422­ PH

LGU Urban W

ater & Sanitation Project

DBP

Closed

4,754,517

4,754,517

­ ­

19 IBRD 7080­ PH

LGU Urban W

ater & Sanitation Project Phase II

DBP

Closed

9,101,440

­ 9,101,440

433,656,288

20 IBRD 4108 PH

Third Elementary Education Project

DECS

Closed

81,770,680

29,002,113

52,768,567

2,514,263,890

21 IBRD 7034 PH

Land Adm

inistration and Managem

ent P

roj.

DENR

Closed

3,503,445

­ 3,503,445

166,928,630

22 IBRD 4299 PH

Com

munity Based Resources Managem

ent P

roj.

DOF­MDFO

Closed

35,517,965

10,060,200

25,457,765

1,212,986,148

23 IBRD 4446 PH

Local G

overnm

ent F

inance Development P

roject

DOF­MDFO

Closed

52,327,871

13,082,100

39,245,771

1,869,943,235

24 IBRD 3852 PH

Wom

en's Health & Safe Motherhood Proj.

DOH,LGUs

Closed

11,578,463

5,211,200

6,367,263

303,380,967

25 IBRD 7006 PH

National R

oad Improvem

ent &

Mgt. Proj.

DPWH

Closed

138,220,005

11,057,600

127,162,405

6,058,907,098

26 IBRD 4301 PH

Early Childhood Development P

roj.

DSWD

Closed

17,316,069

4,850,700

12,465,369

593,937,448

27 IBRD 3938 PH

Second Rural Finance Project (C

urr. Pool Loan)

LBP

Closed

50,000,000

20,220,000

29,780,000

1,418,927,660

28 IBRD 3939 PH

Second Rural Finance Project (F

ixed Rate Single Cur. Ln.)

LBP

Closed

50,000,000

43,099,442

6,900,558

328,790,889

29 IBRD 3940 PH

Second Rural Finance Project (F

loating Rate Single CL)

LBP

Closed

50,000,000

26,640,000

23,360,000

1,113,033,920

30 IBRD 4228­ PH

Water Districts Development P

roject

LBP,LGUs

Closed

16,009,353

6,814,100

9,195,253

438,126,197

31 IBRD 4413­ PH

Third Rural Finance Project

LBP,PCFC

Closed

147,500,000

32,092,500

115,407,500

5,498,821,153

32 IBRD 4019­ PH

Manila Second Sew

erage Project

MWSS

Closed

35,066,740

12,961,200

22,105,540

1,053,262,675

33 IBRD 4227­ PH

Water Districts Development P

roject

MWSS,LGUs

Closed

1,965,677

384,080

1,581,597

75,358,365

34 IBRD 4110 PH

Water Resources Development P

roject

NIA

Closed

38,894,850

13,283,800

25,611,050

1,220,289,685

35 IBRD 3996­ PH

Transm

ission Grid Reinforcement P

roject (C

urr. Pool Ln.)

NPC

Closed

33,902,427

12,684,593

21,217,834

1,010,966,123

36 IBRD 3996­A PH

Transm

ission Grid Reinforcement P

roject(Floating Rate

Single Curr. Ln.)

NPC

Closed

33,383,064

13,583,567

19,799,498

943,386,679

37 IBRD 3997­ PH

Transm

ission Grid Reinforcement P

roject(Floating Rate

Single Curr. Ln.)

NPC

Closed

115,112,506

47,145,500

67,967,006

3,238,423,942

38 IBRD 4111­ PH

Second Subic Bay Freeport P

roject(Floating

Single Rate Curr.L

oan)

SBMA

Closed

25,528,004

9,100,150

16,427,854

782,737,947

39 IBRD 4300 PH

SZO

PAD Social Fund Project

SZO

PAD Social

Closed

9,896,252

2,666,990

7,229,262

344,452,666

40 IBRD 7152 PH

Agrarian Reform Com

munities Development P

roj. Phase II

DAR

Ext­12/31/09

43,295,566

­ 43,295,566

2,062,903,856

41 IBRD 7204­ PH

Rural Pow

er Project

DBP

Ext­12/31/12

12,417,825

­ 12,417,825

591,672,107

42 IBRD 7058 PH

MM Urban Transport Integration Project

DPWH

Ext­3/31/09

47,698,675

­ 47,698,675

2,272,698,765

43 IBRD 7147 PH

Kapit­Bisig sa Kahirapan­Com

prehensive & Integrated Delivery

of Social S

ervice­CIDSS

DSWD

Ext­5­30­10

73,364,433

­ 73,364,433

3,495,595,145

44 IBRD 7153 PH

ARMM Social Fund Proj.

ARMM Soc.

Ext­6/30/09

29,837,421

­ 29,837,421

1,421,663,596

45 IBRD 7236 PH

Diversified Farm

Income and Market D

evelopment P

roj.

DA

Ext­6­30­10

27,324,000

­ 27,324,000

1,301,906,649

46 IBRD 7615 PH

Food Crisis Response Development P

olicy

DOF

New

­

­ ­

­ 47 IBRD 7552 PH

National R

oads Im

provem

ent and Managem

ent P

roject 2

DPWH

New

­

­ ­

­ 48 IBRD 4887 PH

Bicol Pow

er Restoration Project

NPC

new

­ ­

­ ­

Other Creditors

103,523,178

18,942,167

84,581,011

4,030,031,437

1 IFAD 0661­PH

Rural Microenterprise Promotion Program

me

DTI

Active

1,497,470

­ 1,497,470

71,349,976

2 IFAD 0397­PH

Cordillera Highland Agricultural R

esource Mgnt. Proj.

DA

Closed

6,061,500

606,158

5,455,342

259,930,684

103

Schedule IV

CUMULA

TIVE

CUMULA

TIVE

AV

AILM

ENT

REP

AYMEN

T USD

USD

USD

PH

P IA

LOAN

ST

ATUS

OUTS

TANDING BAL

ANCE

LOAN

ACCOUNT NUMBE

R

NAM

E OF PR

OJE

CT

3 IFAD 0474­PH

Western Mindanao Com

munity Initiative Project

DAR

Closed

14,761,589

282,384

14,479,205

689,890,674

4 Nordic Development F

und Cr. No. 269

LGU Urban W

ater & Sanitation Project

DBP

Closed

875,985

154,027

721,958

34,399,154

5 European Investment B

ank

Davao International A

irport D

evelopment P

roj.

DOTC

Closed

23,189,473

8,761,139

14,428,333

687,466,800

6 OPEC 0704 ­P

Zamboanga­Pagadian Road Project, 6th Road

DPWH

Closed

4,825,018

4,307,660

517,358

24,650,573

7 IFAD 0416­PH

Rural Microenterprise Finance Project

LBP

Closed

15,166,508

1,263,869

13,902,640

662,419,067

8 OPEC 0799­P

SZO

PAD Social Fund Project

OP

Closed

7,200,947

2,400,280

4,800,667

228,737,397

9 Nordic Development F

und Cr. No. 331

Technical E

ducation & Skills Development P

roj.

TESDA

Closed

7,742,395

­ 7,742,395

368,901,900

10 O

PEC 0841­P

Technical E

ducation & Skills Development P

roj.

TESDA

Closed

6,237,321

1,166,650

5,070,671

241,602,244

11 Nordic Development F

und Cr. No. 327

Mindanao Basic Urban Services Sector P

roject

DILG

Ext­12/31/08

6,140,898

­ 6,140,898

292,595,359

12 IFA

D 0577­PH

Northern Mindanao Com

munity Initiative & Resources

DAR

Ext­12/31/09

9,824,073

­ 9,824,073

468,087,608

13 IFA

D 749­PH

Second Cordillera Highland Agricultural R

esource Mgnt.

Project (C

HARM2)

DA

New

­

­ ­

­

14 O

PEC 1224­P

Second Cordillera Highland Agricultural R

esource Mgnt.

Project (C

HARM2)

DA

New

­

­ ­

­ 15 O

PEC 1225­P

Agrarian Reform Com

munities and Projects II

DAR

New

­

­ ­

­ TO

TAL MULT

ILAT

ERAL

LOAN

S 5,619,481,589

1,035,379,008

4,334,102,581

206,506,985,670

TOTA

L ODA LO

ANS

16,401,735,372

2,757,278,016

13,448,854,429

640,797,566,985

TOTA

L ODA LO

ANS IN PHP

781,493,485,272

131,376,025,609

640,797,566,985

30,532,081,674,111

REC

APITULA

TION:

% TO TOTA

L OUTS

TANDING

NO. O

F LO

ANS

BAL

ANCE

BILATE

RAL LO

ANS

160

55.61%

9,620,988,285.62

1,339,195,288.63

8,336,190,069.67

397,194,448,249.40

JBIC

94

45.41%

8,188,767,994.93

873,922,602.56

7,314,845,392.37

348,530,438,410.05

ECGD

5 3.85%

663,571,793.01

287,707,585.26

375,864,207.75

17,908,801,906.81

EFIC

3 0.37%

89,267,339.68

43,612,732.34

45,654,607.34

2,175,305,075.93

KEXIM

6 0.44%

31,460,317.01

3,926,267.65

27,534,049.36

1,311,914,849.63

FRENCH PROC.

8 0.16%

36,196,915.50

5,625,786.35

30,571,129.15

1,456,622,590.67

ICO

8 0.40%

93,844,521.87

6,406,892.68

87,437,629.19

4,166,140,718.02

KFW

16

1.19%

144,595,033.18

30,081,752.26

168,910,353.60

8,048,071,617.99

US PL480

8 0.90%

219,129,123.08

27,904,996.19

191,224,126.89

9,111,255,973.93

OTH

ERS

12

2.88%

154,155,247.37

60,006,673.35

94,148,574.02

4,485,897,106.39

COMMERCIAL LO

ANS

47

8.49%

1,161,265,497.32

382,703,718.72

778,561,778.60

37,096,133,064.88

BAC

5 1.01%

214,702,498.41

17,358,697.81

197,343,800.60

9,402,840,067.41

BBV

5 0.21%

52,130,948.89

38,646,169.01

13,484,779.88

642,509,306.94

CAMC

2 0.25%

42,711,186.64

11,105,602.49

31,605,584.15

1,505,911,268.00

ECGD

5 0.70%

170,797,918.27

98,104,943.36

72,692,974.92

3,463,602,175.80

EDC

2 0.51%

122,178,977.37

76,290,315.47

45,888,661.90

2,186,457,073.55

CEXIM

4 4.41%

296,252,522.28

­ 296,252,522.28

14,115,543,929.10

FRENCH PROC.

8 0.12%

25,637,157.76

21,717,637.08

3,919,520.68

186,753,401.68

OTH

ERS

16

1.29%

236,854,287.70

119,480,353.51

117,373,934.19

5,592,515,842.40

MULTILATE

RAL LO

ANS

122

35.90%

5,619,481,589.09

1,035,379,008.23

4,334,102,580.86

206,506,985,670.23

ADB

59

20.05%

3,547,416,629.31

637,765,819.40

2,659,650,809.91

126,724,382,139.79

IBRD

48

14.95%

1,968,541,782.03

378,671,022.19

1,589,870,759.84

75,752,572,093.91

OTH

ERS

15

0.91%

103,523,177.75

18,942,166.63

84,581,011.11

4,030,031,436.53

TOTA

L ODA LOANS

329

100%

16,401,735,372.04

2,757,278,015.59

13,448,854,429.12

640,797,566,984.51

104

Schedule IV

CUMULA

TIVE

CUMULA

TIVE

AV

AILM

ENT

REP

AYMEN

T USD

USD

USD

PH

P IA

LOAN

ST

ATUS

OUTS

TANDING BAL

ANCE

LOAN

ACCOUNT NUMBE

R

NAM

E OF PR

OJE

CT

REC

APITULA

TION (rou

nded

to m

illions):

% to

total O

B

BILATE

RAL LO

ANS

160

2,953.37

9,620,988,286

1,339,195,289

8,336,190,070

397,194,448,249

JBIC

94

2,591.53

8,188,767,995

873,922,603

7,314,845,392

348,530,438,410

ECGD

5 133.16

663,571,793

287,707,585

375,864,208

17,908,801,907

EFIC

3 16.17

89,267,340

43,612,732

45,654,607

2,175,305,076

KEXIM

6 9.75

31,460,317

3,926,268

27,534,049

1,311,914,850

FRENCH PROC.

8 10.83

36,196,915

5,625,786

30,571,129

1,456,622,591

ICO

8 30.98

93,844,522

6,406,893

87,437,629

4,166,140,718

KFW

16

59.84

144,595,033

30,081,752

168,910,354

8,048,071,618

US PL480

8 67.75

219,129,123

27,904,996

191,224,127

9,111,255,974

OTH

ERS

12

33.36

154,155,247

60,006,673

94,148,574

4,485,897,106

COMMERCIAL LO

ANS

47

275.83

1,161,265,497

382,703,719

778,561,779

37,096,133,065

BAC

5 69.92

214,702,498

17,358,698

197,343,801

9,402,840,067

BBV

5 4.78

52,130,949

38,646,169

13,484,780

642,509,307

CAMC

2 11.20

42,711,187

11,105,602

31,605,584

1,505,911,268

ECGD

5 25.75

170,797,918

98,104,943

72,692,975

3,463,602,176

EDC

2 16.26

122,178,977

76,290,315

45,888,662

2,186,457,074

CEXIM

4 104.96

296,252,522

­ 296,252,522

14,115,543,929

FRENCH PROC.

8 1.39

25,637,158

21,717,637

3,919,521

186,753,402

OTH

ERS

16

41.58

236,854,288

119,480,354

117,373,934

5,592,515,842

MULTILATE

RAL LO

ANS

122

1,535.50

5,619,481,589

1,035,379,008

4,334,102,581

206,506,985,670

ADB

59

942.27

3,547,416,629

637,765,819

2,659,650,810

126,724,382,140

IBRD

48

563.26

1,968,541,782

378,671,022

1,589,870,760

75,752,572,094

OTH

ERS

15

29.97

103,523,178

18,942,167

84,581,011

4,030,031,437

TOTA

L ODA LOANS

329

4,764.70

16,401,735,372

2,757,278,016

13,448,854,429

640,797,566,985

105

Particulars

NO. O

F LO

ANS

Schedu

le V

ODA FUNDED

PROJE

CTS

' STA

TUS

FY 2008

LOAN

LOAN

CUMULA

TIVE

ACCOUNT

AGREE

MEN

T COMMITMEN

T NUMBER

DATE

USD

USD

USD

MULT

I­FUNDED

COMPL

ETED

PROJE

CTS

6,459,396,105

1,379,507,159

5,079,888,945

Acquisition of 14 Fisheries Managem

ent P

atrol Vessels for

Monitoring, Contro

l and Surveillance

ICO (U

S$18.5M

) BFA

R

Closed

28­M

ay­02

18,558,684

­ 18,558,684

Acquisition of 14 Fisheries Managem

ent P

atrol Vessels for

Monitoring, Contro

l and Surveillance

Banco Bilbao Vizcaya (U

S$18.5M

) BFA

R

Closed

28­M

ay­02

18,558,684

­ 18,558,684

Fisheries Resource Managem

ent P

roj.

JBIC PH­P197

BFA

R

Closed

10­Sep­98

26,336,516

10,114,789

16,221,727

Fisheries Resource Managem

ent P

roj.

ADB1562 PHI

BFA

R

Closed

21­Jan­98

16,976,856

2,783,661

14,193,195

Fisheries Resource Managem

ent P

roj.

ADB1563 PHI

BFA

R

Closed

21­Jan­98

20,222,000

12,014,813

8,207,187

Oceanographic & R

esearch Ve

ssel

ICO (U

S$9.4M)

BFA

R

Closed

18­Apr­97

9,477,724

20,092

9,457,633

Oceanographic & R

esearch Ve

ssel

Banco Bilbao Vizcaya (U

S$9.4M)

BFA

R

Closed

30­Jun­97

9,477,724

20,092

9,457,633

Banking Sector R

eform Program

JBIC­BSR

BSP

Closed

17­Feb­99

475,098,600

344,066,840

131,031,760

Banking System Reform Loan

IBRD 4412 PH

BSP

Closed

11­Dec­98

300,000,000

200,000,000

100,000,000

Cordillera Highland Agricultural R

esource Mgnt. Proj.

ADB1421 PHI

DA

Closed

12­Dec­02

9,500,000

1,200,000

8,300,000

Cordillera Highland Agricultural R

esource Mgnt. Proj.

ADB1422 PHI

DA

Closed

8­May­96

9,791,496

2,347,250

7,444,246

Grains Sector D

evelopment P

rog. Loan

ADB1739 PHI

DA

Closed

18­Jul­00

100,000,000

70,000,000

30,000,000

Grains Sector D

evelopment P

roj. Loan

ADB1740 PHI

DA

Closed

18­Jul­00

75,000,000

69,496,929

5,503,071

Cordillera Highland Agricultural R

esource Mgnt. Proj.

IFAD 0397­PH

DA

Closed

6­Mar­96

9,472,661

3,411,161

6,061,500

Agrarian Reform Com

munities P

roj

ADB1667 PHI

DAR

Closed

12­Dec­02

93,162,000

20,565,940

72,596,060

Rural Farmers & Agra.Ref. S

upport Credit P

rogram

JBIC PH­P169

DAR

Closed

29­M

ar­96

3,308,335

843,858

2,464,477

Solar Pow

er Technology Support to A

RC

ICO (U

S$12.9M

) DAR

Closed

12­Dec­02

12,937,311

­ 12,937,311

LGU Urban W

ater & Sanitation Project

IBRD 4422­ PH

DBP

Closed

29­Jan­99

23,300,000

18,545,483

4,754,517

LGU Urban W

ater & Sanitation Project

Nordic Development F

und Cr. No. 269

DBP

Closed

28­Dec­98

7,701,350

­ 7,701,350

Technical E

ducation & Skills Development P

roj.

ADB1751 PHI

DBP

Closed

16­Nov­00

23,502,195

13,283,559

10,218,636

Third Elementary Education Project

JBIC PH­P184

DECS

Closed

18­M

ar­97

120,640,334

16,931,749

103,708,585

Third Elementary Education Project

IBRD 4108 PH

DECS

Closed

20­Dec­96

113,400,000

31,629,320

81,770,680

MM Air Quality Improvem

ent S

ectorDevelopment P

rog.

ADB1663 PHI (POLICY LOAN)

DENR

Closed

12­Dec­02

200,000,000

­ 200,000,000

MM Air Quality Improvem

ent S

ector D

evelopment P

rog.

JBIC PH­CL 020 (POLICY LOAN)

DENR

Closed

10­M

ar­99

393,746,100

­ 393,746,100

Power Sector R

estru

cturing Program

JBIC­PSR

DOE

Closed

12­Feb­99

475,098,600

66,600,580

408,498,020

Medical Equipment &

Services for Z

amboanga City Medical Center

ICO (U

S$4.3M)

DOH

Closed

28­M

ay­02

4,398,147

­ 4,398,147

Medical Equipment &

Services for Z

amboanga City Medical Center

Banco Bilbao Vizcaya (U

S$4.3M)

DOH

Closed

28­M

ay­02

4,398,147

­ 4,398,147

Trophy Radiology­Upgrading Radio'l. I

FP 95#846­OD1 FP

VIII(a)

DOH

Closed

18­Dec­95

5,079,479

­ 5,079,479

Trophy Radiology­Upgrading Radio'l. I

FP 95­FF

16.0M

DOH

Closed

18­Dec­95

3,386,320

2,291

3,384,028

Trophy Radiology­Upgrading Radio'l. II

FP 97#908­OC1 FP

VIII(b)

DOH

Closed

15­Jan­97

7,631,918

­ 7,631,918

Trophy Radiology­Upgrading Radio'l. II

FP 97 FF

60.1M

DOH

Closed

23­Oct­97

5,087,945

­ 5,087,945

Upgrading of E

. Rodriguez Mem

orial H

ospital

FP 95#846­OEI F

P IX(b)

DOH

Closed

18­Dec­95

5,079,479

­ 5,079,479

Upgrading of E

. Rodriguez Mem

orial H

ospital

FP 95­FF

13.5M

DOH

Closed

18­Dec­95

2,868,853

­ 2,868,853

Wom

en's Health & Safe Motherhood Proj.

ADB1331 PHI

DOH

Closed

20­Jan­95

56,681,936

22,983,970

33,697,966

Wom

en's Health & Safe Motherhood Proj.

IBRD 3852 PH

DOH,LGUs

Closed

28­Apr­95

34,695,982

23,117,520

11,578,463

Crash Fire Rescue III Equipt. /C. Lyonnais

FP 95­FF

8.4M

DOTC

Closed

18­Dec­95

1,777,818

­ 1,777,818

Crash Fire Rescue III Equipt. Proj. /N. B

anque

FP 95#846­OGI

DOTC

Closed

18­Dec­95

2,666,727

­ 2,666,727

Global M

aritime Distre

ss Safety System Project

FP 97#908­0D

1 FP

VIII(c)

DOTC

Closed

15­Jan­97

12,694,698

2,733,172

9,961,525

Global M

aritime Distre

ss Safety System Project

FP 97 FF

39.9M

DOTC

Closed

23­Oct­97

8,463,132

2,427,649

6,035,482

Maritime Safety Improvem

ent P

roject­Ph 3

ICO (U

S$7M)

DOTC

Closed

22­Sep­00

7,014,271

­ 7,014,271

IA

LOAN

STATU

S CANCEL

LATION

106

NAME OF PR

OJE

CT

NET

LOAN

COMMITMEN

T

Schedu

le V

LOAN

LOAN

CUMULA

TIVE

ACCOUNT

AGREE

MEN

T COMMITMEN

T NUMBER

DATE

USD

USD

USD

IA

LOAN

STATU

S CANCEL

LATION

NAME OF PR

OJE

CT

NET

LOAN

COMMITMEN

T

Maritime Safety Improvem

ent P

roject­Ph 3

Bancaja (S

MCF­Spain)

DOTC

Closed

4­Oct­00

7,014,271

­ 7,014,271

SPA

NISH MIXED CREDIT FACILITY

ICO (U

S$25.7M

) DOTC

Closed

22­Jul­98

25,753,878

­ 25,753,878

Telepono sa Barangay Ph

ase II

Credit C

om'l de France ­ 1

5%

DOTC

,MTP

O

Closed

30­Apr­98

6,131,155

­ 6,131,155

Telepono sa Barangay Ph

ase II

Credit C

om'l de France ­ 8

5%

DOTC

,MTP

O

Closed

30­Apr­98

34,743,214

13,090,423

21,652,791

Lower Agusan Dev't Project (Flood Contro

l Com

ponent­PII)

JBIC PH­P180

DPW

H

Closed

18­M

ar­97

86,548,213

7,178,106

79,370,107

Metro Cebu Devt. Proj III (Cebu South Coastal Road)

JBIC PH­P158

DPW

H

Closed

30­Aug­95

199,487,177

147,603

199,339,574

Metro Manila Traffic System/ B

. Paribas

FP 95­FF

3.2M

DPW

H

Closed

18­Dec­95

688,415

­ 688,415

Metro Manila Traffic System/ N

. Banque

FP 95#846­OHI

DPW

H

Closed

18­Dec­95

1,032,622

­ 1,032,622

Rural W

ater Suppy & Sanitation Sector P

roj.

ADB1440 PHI

DPW

H

Closed

3­Jun­97

18,500,000

9,019,630

9,480,370

Rural W

ater Suppy & Sanitation Sector P

roj.

ADB1441 PHI

DPW

H

Closed

3­Jun­97

19,650,765

9,024,181

10,626,584

Sixth Road Project

JBIC­UNTIED

DPW

H

Closed

23­Jun­97

225,617,600

57,250,073

168,367,527

Sixth Road Project

ADB1473 PHI

DPW

H

Closed

12­Dec­02

167,000,000

18,421,738

148,578,262

Tulay ng Pangulo sa SZO

PAD

ECGD­Deutsche Bank Y20.3B Bila

DPW

H

Closed

13­Sep­01

265,534,560

­ 265,534,560

Tulay ng Pangulo sa SZO

PAD

ECGD­Deutsche Bank Y4.3B

Com

m'l

DPW

H

Closed

13­Sep­01

46,859,040

­ 46,859,040

Tulay ni Pangulo sa Barangay

ECGD­Deutsche Bank Y16.6B Bila

DPW

H

Closed

22­Sep­00

180,711,020

­ 180,711,020

Tulay ni Pangulo sa Barangay

ECGD­Deutsche Bank Y2.9B

Com

m'l

DPW

H

Closed

22­Sep­00

31,890,180

­ 31,890,180

Early Childhood Development P

roj.

ADB1606 PHI

DSWD

Closed

15­Apr­98

15,700,000

2,272,017

13,427,983

Early Childhood Development P

roj.

ADB1607 PHI

DSWD

Closed

15­Apr­98

9,991,731

1,534,041

8,457,691

Early Childhood Development P

roj.

IBRD 4301 PH

DSWD

Closed

8­Apr­98

19,000,000

1,683,931

17,316,069

Metro Cebu Dev. P

roj. III (C

ebu South Reclamation)

JBIC PH­P157

LBP

Closed

30­Aug­95

133,580,805

250,926

133,329,879

MM Air Quality Improvem

ent S

ectorDevelopment P

roj.

ADB1664 PHI

LBP

Closed

18­Dec­98

33,163,347

25,335,761

7,827,586

Rural Farmers & Agra.Ref. S

upport Credit P

rogram

JBIC PH­P168

LBP

Closed

29­M

ar­96

113,828,418

42,946

113,785,472

Rural Microenterprise Finance Project

ADB1435 PHI

LBP

Closed

8­May­96

20,975,397

365,233

20,610,164

Rural Microenterprise Finance Project

IFAD 0416­PH

LB

P

Closed

8­May­96

15,633,741

467,232

15,166,508

Second Rural Finance Project (C

urr. Po

ol Loan)

IBRD 3938 PH

LB

P

Closed

10­Oct­95

50,000,000

­ 50,000,000

Second Rural Finance Project (F

ixed Rate Single Cur.Ln.)

IBRD 3939 PH

LB

P

Closed

10­Oct­95

50,000,000

­ 50,000,000

Second Rural Finance Project (F

loating Rate Single CL)

IBRD 3940 PH

LB

P

Closed

10­Oct­95

50,000,000

­ 50,000,000

Water Districts Development P

roject

IBRD 4228­ PH

LBP,LG

Us

Closed

15­M

ay­99

36,300,000

20,290,647

16,009,353

MM Stra

tegic MRT Dev't. (L

ine 2) Project , Ph

ase III

JBIC PH­P185

LRTA

Closed

10­Sep­98

256,726,796

110,549,340

146,177,456

MM Stra

tegic MRT Devt.(Line 2) P

roject , Ph

ase I

JBIC PH­P167

LRTA

Closed

29­M

ar­96

268,051,064

44,750,480

223,300,584

MM Stra

tegic MRT Devt.(Line 2) P

roject , Ph

ase II

JBIC PH­P171

LRTA

Closed

18­M

ar­97

285,753,368

2,568,539

283,184,829

Water Districts Development P

roject

IBRD 4227­ PH

MWSS,LGUs

Closed

15­M

ay­99

2,300,000

334,323

1,965,677

Oceanographic & R

esearch Ve

ssel N

os. 473 & 474

Banco Santander(SMCF­Spain)

NAMRIA

Closed

22­Jul­98

25,753,879

­ 25,753,879

Lower Agusan Dev't Project (Irrigation Com

ponent)

JBIC PH­P153

NIA

Closed

30­Aug­95

43,821,880

1,527,180

42,294,700

Second Irrigations Systems Improvem

ent P

roject

ADB1365 PHI

NIA

Closed

12­Dec­02

15,000,000

1,738,553

13,261,447

Second Irrigations Systems Improvem

ent P

roject

ADB1366 PHI

NIA

Closed

27­Nov­95

14,834,340

1,300,353

13,533,987

Power Sector R

estru

cturing Program

ADB1662 PHI

NPC

Closed

26­Nov­02

300,000,000

­ 300,000,000

Transm

ission Grid Reinforcement P

roject (C

urr.P

ool Ln.)

IBRD 3996­ PH

NPC

Closed

15­M

ay­96

33,902,427

­ 33,902,427

Transm

ission Grid Reinforcement P

roject(Floating Rate Single Curr.

Ln.)

IBRD 3996­A PH

NPC

Closed

15­M

ay­96

98,603,561

65,220,496

33,383,064

Transm

ission Grid Reinforcement P

roject(Floating Rate Single Curr.

Ln.)

IBRD 3997­ PH

NPC

Closed

15­M

ay­96

150,000,000

34,887,494

115,112,506

SZO

PAD Social Fund Project

OPE

C 0799­P

OP

Closed

8­Jun­00

10,000,000

2,799,053

7,200,947

Modern Gov't New

s/B. P

aribas

FP 98­EUR .774M

OPS

Closed

22­Feb­98

1,074,651

­ 1,074,651

Modern Gov't New

s/B. P

aribas

FP 98­EUR 3.4M

OPS

Closed

22­Feb­98

4,802,556

80,581

4,721,976

Modern Gov't. New

s/N. B

anque

FP 98­EUR .741M #960­OAI

OPS

Closed

22­Jan­98

1,028,965

­ 1,028,965

Modern Gov't. New

s/N. B

anque

FP 98­EUR 3.4M #960­OAI

OPS

Closed

22­Jan­98

4,579,533

80,580

4,498,953

107

Schedu

le V

LOAN

LOAN

CUMULA

TIVE

ACCOUNT

AGREE

MEN

T COMMITMEN

T NUMBER

DATE

USD

USD

USD

IA

LOAN

STATU

S CANCEL

LATION

NAME OF PR

OJE

CT

NET

LOAN

COMMITMEN

T

Upgrading of P

hilippine Merchant M

arine Academy

KFW

/EURO No. 3961971

PMMA

Closed

26­Jun­02

8,092,022

­ 8,092,022

Upgrading of P

hilippine Merchant M

arine Academy

KFW

/EURO No. 4306551

PMMA

Closed

26­Jun­02

10,363,467

­ 10,363,467

Batangas Po

rt Development P

roj. (Phase II)

JBIC PH­P187

PPA

Closed

10­Sep­98

157,878,085

2,765,876

155,112,209

Batangas Po

rt Devt P

roj Phase II (E

ng'g Services)

JBIC PH­P172

PPA

Closed

18­M

ar­97

9,501,972

4,047,133

5,454,839

Pasig River Env. M

gnt. & Rehab. S

ec. D

ev. P

rog.

ADB1745 PHI

PRRC

Closed

21­Jul­00

100,000,000

­ 100,000,000

SZO

PAD Social Fund Project

IBRD 4300 PH

SZO

PAD

Closed

8­Apr­98

10,000,000

103,748

9,896,252

Technical E

ducation & Skills Development P

roj.

ADB1750 PHI

TESDA

Closed

12­Dec­02

25,000,000

3,739,000

21,261,000

Technical E

ducation & Skills Development P

roj.

Nordic Development F

und Cr. No. 331

TESDA

Closed

25­Sep­00

9,241,620

1,499,225

7,742,395

Technical E

ducation & Skills Development P

roj.

OPE

C 0841­P

TESDA

Closed

10­Oct­01

7,000,000

­ 7,000,000

Upgrading of the Medical Equipment of D

EMS of P

GH

ICO (U

S$6.7M)

UP/PG

H

Closed

28­M

ay­02

6,779,175

­ 6,779,175

Upgrading of the Medical Equipment of D

EMS of P

GH

Banco Bilbao Vizcaya (U

S$6.7M)

UP/PG

H

Closed

28­M

ay­02

6,779,175

­ 6,779,175

MULT

I­FUNDED

ONGOING PROJE

CTS

1,279,673,279

72,357,422

1,207,315,857

ARMM Social Fund for P

eace & Dev. P

roj.

JBIC PH­P235

ARMM

Active

11­Dec­03

26,792,090

­ 26,792,090

ARMM Social Fund Proj.

IBRD 7153 PH

ARMM Soc.

Ext­6/30/09

20­Jan­03

33,600,000

­ 33,600,000

AGRARIAN REFO

RM BRGYS (A

RCs)

Banco Bilbao Vizcaya (U

S$12.9M

) DAR

Ext­3/30/08

12­Dec­02

12,937,311

­ 12,937,311

Solar Pow

er Technology Support to ARC, P

hase II

ICO USD 13.495 M

DAR

Closed

13,495,424

­ 13,495,424

Solar Pow

er Technology Support to ARC, P

hase II

BNP PA

RIBAS USD 13 M

DAR

Active

13,495,424

­ 13,495,424

Tulay ni Pangulo para sa Magsasaka

ECGD­Deutsche Bank Y3.3B

Com

m'l

DAR

Ext­12/1/11

1­Sep­06

36,586,925

­ 36,586,925

Tulay ni Pangulo para sa Magsasaka

ECGD­Deutsche Bank Y19B Bila

DAR

Extended

1­Sep­06

207,325,910

­ 207,325,910

Secondary Education Development. & Im

prov.Proj.

JBIC PH­P200

DECS

Active

28­Dec­99

78,206,870

­ 78,206,870

Secondary Education Development. & Im

prov.Proj.

ADB1654 PHI

DECS

Closed

12­Dec­02

53,000,000

17,434,000

35,566,000

MM Air Quality Improvem

ent S

ectorDevelopment Proj.(Investment

Com

p.)

ADB1665 PHI

DENR

Closed

12­Dec­02

71,000,000

42,961,188

28,038,812

Mindanao Basic Urban Services Sector P

roject

Nordic Development F

und Cr. No. 327

DILG

Ext­12/31/08

29­Nov­00

6,931,215

­ 6,931,215

Health Sector D

evelopment P

rogram

ADB2136 PHI

DOH, P

hilhealth

Closed

10­Jan­05

200,000,000

­ 200,000,000

Health Sector D

evelopment P

roject

ADB2137 PHI

DOH,LGUs

Active

10­Jan­05

13,000,000

­ 13,000,000

Search & Rescue Ve

ssels Project

ANZ/EFIC (L

oan A)

DOTC

Active

5­Sep­01

87,677,701

­ 87,677,701

Search & Rescue Ve

ssels Project

ANZ/EFIC (L

oan B)

DOTC

Active

5­Sep­01

21,042,648

­ 21,042,648

Tulay Ng Pa

ngulo sa Kaunlaran Project, P

I ECGD­Duetsche Bank Y16.640B B

ila

DPW

H

Active

3­Aug­05

180,495,506

­ 180,495,506

Tulay Ng Pa

ngulo sa Kaunlaran Project, P

I ECGD­Duetsche Bank Y2.936B

Com

m'l

DPW

H

Active

3­Aug­05

31,852,148

­ 31,852,148

Mindanao Basic Urban Services Sector P

roject

ADB1843 PHI

LBP

Ext­6­30­09

15­M

ay­02

39,874,114

11,962,234

27,911,880

Modernization/Upgrading of LRV for L

RT Line 1

Belgian ­ No. 14 EUR6.296M

LR

TA

Ext­2­28­09

4­Aug­04

8,764,728

­ 8,764,728

Modernization/Upgrading of LRV for L

RT Line 1

FORTIS BANK­LRTA

LR

TA

Ext­

4­Aug­04

9,201,326

­ 9,201,326

South Manila Com

muter Rail Project

Export­Import Bank of Korea (P

HL­7)­

PNR

Ext­3/29/10

7­May­04

35,000,000

­ 35,000,000

South Manila Com

muter Rail Project

Export­Import Bank of Korea (P

HL­7)­

PNR

Ext­3/29/10

7­May­04

24,393,939

­ 24,393,939

Pasig River Env. M

gnt. & Rehab. S

ec. D

ev. P

roj.

ADB1746 PHI

PRRC

Closed

21­Jul­00

75,000,000

­ 75,000,000

MULT

I­FUNDED

NEW

PROJE

CTS

67,815,361

­ 67,815,361

Agrarian Reform Com

munities and Projects II

OPE

C 1225­P

DAR

New

17­Dec­08

30,000,000

­ 30,000,000

Bicol Pow

er Restoration Project

IBRD 4887 PH

NPC

New

12,940,000

­ 12,940,000

Second Cordillera Highland Agricultural R

esource Mgnt. Project

(CHARM2)

IFAD 749­PH

DA

New

4­Jun­08

24,875,361

­ 24,875,361

TOTA

L MULT

I­FUNDED

PROJE

CTS

7,806,884,744

1,451,864,582

6,355,020,162

SINGLE

­FUNDED

CANCEL

LED PROJE

CTS

265,230,786

57,008,637

208,222,149

Credit Line for S

mall &

Medium Enterprise II

KFW

No. 19 Po

rtion 1 & 2

LBP

Cancelled

23­Dec­04

35,491,326

­ 35,491,326

108

Schedu

le V

LOAN

LOAN

CUMULA

TIVE

ACCOUNT

AGREE

MEN

T COMMITMEN

T NUMBER

DATE

USD

USD

USD

IA

LOAN

STATU

S CANCEL

LATION

NAME OF PR

OJE

CT

NET

LOAN

COMMITMEN

T

Marine Disaster R

esponse & Environm

ental Protection System Proj.

JBIC PH­P232

DOTC

Cancelled

28­M

ar­02

106,083,660

­ 106,083,660

MM Interchange Construction Proj. P

h. V

JBIC PH­P218

DPW

H

Cancelled

30­M

ay­01

60,124,921

57,008,637

3,116,284

Northern Luzon Wind Po

wer Project

JBIC PH­P233

PNOC­EDC

Cancelled

28­M

ar­02

63,530,879

­ 63,530,879

SINGLE

­FUNDED

COMPL

ETED

PROJE

CTS

6,933,516,917

1,047,864,762

5,885,652,155

Import of Rice (FY2003­2004)

US PL 480­22

DA

Closed

14­Jul­03

40,000,000

­ 40,000,000

Import of Rice (FY2004­2005)

US PL 480­23

DA

Closed

6­Aug­04

20,000,000

4,783

19,995,217

Importa

tion of Rice & Soybean Meal

US PL 480­19

DA

Closed

12­Jul­00

40,000,000

291

39,999,709

Importa

tion of Rice & Soybean Meal

US PL 480­20

DA

Closed

9­Aug­01

40,000,000

273,693

39,726,307

Importa

tion of Rice & Soybean Meal

US PL 480­21

DA

Closed

28­Jun­02

20,000,000

16,833

19,983,167

Importa

tion of Soybean Meal

US PL 480­18

DA

Closed

2­Aug­99

30,000,000

59

29,999,941

Mindanao Rural Development P

roject

IBRD 4522 PH

DA

Closed

14­Dec­99

27,500,000

6,956,000

20,544,000

Importa

tion of Soybean Meal

US PL 480­17

DA

Closed

27­Jul­98

10,000,000

15

9,999,985

Rural Infrastructure Dev't. Proj.

ADB1332 PHI

DA

Closed

20­Jan­95

18,369,260

7,508,576

10,860,684

Agrarian Reform Com

munities Development P

roj.

IBRD 4109 PH

DAR

Closed

20­Dec­96

50,000,000

327,888

49,672,112

Agrarian Reform Infrastructure Support Proj. P

I JBIC PH­P152

DAR

Closed

30­Aug­95

66,719,897

3,632,974

63,086,923

Agrarian Reform Infrastructure Support Proj. P

II JBIC PH­P203

DAR

Closed

28­Dec­99

184,290,530

50,505,267

133,785,263

Expansion of C

omputerized Geographic­based Information Systems

SIDA IN

EC 1995­1065

DAR

Closed

13­Feb­98

2,372,866

12,493

2,360,373

Western Mindanao Com

munity Initiative Project

IFAD 0474­PH

DAR

Closed

29­Apr­98

16,942,970

­ 16,942,970

Second Social E

xpenditure Managem

ent P

rog.

IBRD 7118 PH

DBM

Closed

12­Sep­02

100,000,000

­ 100,000,000

Social E

xpenditure Managem

ent P

rog.

IBRD 4535 PH

DBM

Closed

25­Feb­00

100,000,000

68,157

99,931,843

Credit Line for S

mall &

Medium Enterprise I

KFW

No. 18 Po

rtion 1 & 2

DBP

Closed

22­Dec­99

35,491,326

­ 35,491,326

Dom

estic Shipping Modernization Program Phase II

JBIC PH­P189

DBP

Closed

10­Sep­98

216,831,530

6,579,603

210,251,927

Environm

ental Infra Support Credit P

rogram

JBIC PH­P170

DBP

Closed

29­M

ar­96

55,948,826

1,079,658

54,869,168

Environm

ental Infra Support Credit P

rogram

Phase II

JBIC PH­P199

DBP

Closed

28­Dec­99

222,678,063

223

222,677,840

Industrial Pollution Contro

l I

KFW

No. 15 #1095708

DBP

Closed

27­Dec­96

6,530,404

­ 6,530,404

Industrial Pollution Contro

l II

KFW

No. 21

DBP

Closed

4­Dec­00

12,989,828

­ 12,989,828

Industrial S

upport Services Expansion Prog ­Ph 2

JBIC PH­P198

DBP

Closed

28­Dec­99

383,441,450

973,868

382,467,582

LGU Urban W

ater & Sanitation Project P

hase II

IBRD 7080­ PH

DBP

Closed

19­Nov­01

40,328,061

20,164,031

20,164,031

Land Adm

inistra

tion and Managem

ent P

roj.

IBRD 7034 PH

DENR

Closed

20­Oct­00

4,790,000

1,288,036

3,501,964

Southern Mindanao Integ.Coast. Z

one Mgt. P

roj.

JBIC PH­P194

DENR

Closed

10­Sep­98

34,721,247

10,538,030

24,183,217

Clark Area Municipal Development P

roj.

ADB1658 PHI

DILG

Closed

12­Dec­02

24,300,000

20,968,112

3,331,888

Emergency Network Project

Raiffeissen Ze

ntralbank Osterreich

DILG

Closed

11­Dec­00

33,301,133

­ 33,301,133

Municipal Solar Infrastructure Project

EFIC III (1997)

DILG

Closed

3­Mar­97

28,023,635

216,935

27,806,700

Pres. B

ridge Program

Phase II

Bank of Austria Creditanstalt (215.050)

DILG

Closed

23­Jul­99

100,891,696

­ 100,891,696

Rural W

ater Suppy & Sanitation Sector P

roj. P5

JBIC PH­P201

DILG

Closed

28­Dec­99

10,315,497

5,269,756

5,045,741

Supply & Installation Of C

ompact Bailey Bridging & Com

ponents

Bank of America (C/A­7/05/96)

DILG

Closed

5­Jul­96

24,040,383

24,087

24,016,295

Regional M

unicipal Development P

roject

ADB1367 PHI

DOF/DILG

Closed

12­Dec­02

30,000,000

17,960,834

12,039,166

Com

munity Based Resources Managem

ent P

roj.

IBRD 4299 PH

DOF­MDFO

Closed

8­Apr­98

50,000,000

14,482,035

35,517,965

Integrated Com

munity Health Services Project

ADB1396 PHI

DOH

Closed

27­Nov­95

27,174,984

7,069,011

20,105,973

Supply of W

aste Disposal Facilities, Med. E

quipment etc.

Bank of Austria Creditanstalt (212.060)

DOH

Closed

12­M

ar­97

20,164,214

­ 20,164,214

Upgrading of D

OH Hospital

Bank of Austria Creditanstalt (216.437)

DOH

Closed

16­Nov­00

43,383,429

­ 43,383,429

Waste W

ater Treatment P

lants for D

OH Hospitals

Raiffeissen Ze

ntralbank Osterreich

DOH

Closed

27­M

ar­98

20,911,116

­ 20,911,116

Davao International A

irport D

evelopment P

roj.

European Investment B

ank

DOTC

Closed

10­M

ar­95

26,500,000

­ 26,500,000

Global M

aritime Distre

ss Safety System Project

Credit A

gricole Indosuez

DOTC

Closed

14­Sep­98

1,492,192

429,957

1,062,235

109

Schedu

le V

LOAN

LOAN

CUMULA

TIVE

ACCOUNT

AGREE

MEN

T COMMITMEN

T NUMBER

DATE

USD

USD

USD

IA

LOAN

STATU

S CANCEL

LATION

NAME OF PR

OJE

CT

NET

LOAN

COMMITMEN

T

Maritime Safety Improvem

ent P

roj.Ph.B

JBIC PH­P159

DOTC

Closed

30­Aug­95

60,515,413

3,432,992

57,082,421

Maritime Safety Improvem

ent P

roj.Ph.C

JBIC PH­P208

DOTC

Closed

28­Dec­99

51,132,758

48,406,774

2,725,984

Mindanao Telecommunication Development P

roj II

ITALY

II (M

ediocreditor C

entra

le)

DOTC

Closed

17­Feb­95

11,266,324

50,005

11,216,319

New

Iloilo Airport D

ev't. Proj.

JBIC PH­P214

DOTC

Closed

31­Aug­00

159,711,228

­ 159,711,228

NW Air Navigation Fa

cilities Modernization Project (3)

JBIC PH­P160

DOTC

Closed

30­Aug­95

69,268,942

1,983,564

67,285,378

Search & Rescue Ve

ssels

EFIC IV

DOTC

Closed

1­May­98

38,511,110

­ 38,511,110

Selected Airports (T

/L) D

ev. P

roj. Ph

.l JBIC PH­P190

DOTC

Closed

10­Sep­98

62,131,616

36,808,158

25,323,458

Selected Airports (T

/L) D

ev. P

roj. Ph

.lI

JBIC PH­P219

DOTC

Closed

30­M

ay­01

127,376,321

­ 127,376,321

Telepono sa Barangay Ph

ase I

EDC 880­PHI­7

535

DOTC

Closed

5­Mar­98

24,990,000

2,261,023

22,728,977

Third Airports Development P

roj. (Southern Ph

il.)

ADB1536 PHI

DOTC

Closed

12­Dec­02

93,000,000

80,842,035

12,157,965

Mindanao Telecommunication Systems Project

EDC 880­PHI­8

314

DOTC

, MTP

O

Closed

8­Nov­99

99,450,000

0 99,450,000

Agno & Allied Rivers Urgent R

ehab. P

roj.

JBIC PH­P155

DPW

H

Closed

30­Aug­95

90,160,264

257,446

89,902,818

Arte

rial R

oad Link Dev't Proj. P

h II

JBIC PH­P163

DPW

H

Closed

30­Aug­95

51,685,955

9,993,720

41,692,235

Arte

rial R

oad Link Dev't Proj. P

h III

JBIC PH­P188

DPW

H

Closed

10­Sep­98

147,128,708

19,443,154

127,685,554

Bukidnon Integrated Area Dev't Proj.

ADB1453 PHI

DPW

H

Closed

3­Jun­97

21,309,635

18,284,323

3,025,313

Dredging & Sanitation Works in Pasig River Phase I

FORTIS BANK­DPW

H

DPW

H

Closed

29­M

ar­00

11,774,790

­ 11,774,790

Fourth Road Improvem

ent P

roject (S

upp)

ADB1322 PHI

DPW

H

Closed

21­Jan­98

23,500,000

1,357,345

22,142,655

Iloilo Flood Contro

l Proj. Ph

.I JBIC PH­P192

DPW

H

Closed

10­Sep­98

4,967,926

1,293,518

3,674,408

Improvem

ent of N

at'l Secondary Road System

Bank of Austria Creditanstalt (213.469)

DPW

H

Closed

28­Feb­02

50,445,848

­ 50,445,848

MM Interchange Construction Proj. P

h. III

JBIC PH­P165

DPW

H

Closed

30­Aug­95

31,152,584

11,456,638

19,695,946

MM Interchange Construction Proj. P

h. IV

JBIC PH­P186

DPW

H

Closed

10­Sep­98

63,444,103

8,165,664

55,278,439

Mt. Pinatubo Hazard Mitigation Proj.

JBIC PH­P166

DPW

H

Closed

29­M

ar­96

74,963,617

2,391

74,961,226

National R

oad Improvem

ent &

Mgt. Proj.

IBRD 7006 PH

DPW

H

Closed

10­Apr­00

150,000,000

11,779,995

138,220,005

Pasig­Marikina River Channel Im

provem

ent P

roj. Ph

. I

JBIC PH­P210

DPW

H

Closed

28­Dec­99

12,658,449

2,188,773

10,469,676

Pinatubo Hazard Urgent M

itigation Proj. P

­ll

JBIC PH­P209

DPW

H

Closed

28­Dec­99

97,764,011

14,969,402

82,794,609

PJFH

Mindanao Section Rehab Proj.Ph. I

JBIC PH­P174

DPW

H

Closed

18­M

ar­97

83,337,501

2,413,633

80,923,868

PJFH

Rehab & Im

provem

ent P

roject II

JBIC PH­P164

DPW

H

Closed

30­Aug­95

103,599,697

6,737,279

96,862,418

Rehab & Maint.of B

ridges along Arte

rial R

oad Proj. P

h. IV

JBIC PH­P207

DPW

H

Closed

28­Dec­99

54,972,596

13,909,476

41,063,120

REHAB STE

EL BRIDGING COMPO

NENT

ECGD­Standard Charte

red Bank

DPW

H

Closed

31­M

ar­01

23,609,625

­ 23,609,625

Rehabilitation of W

aterways in the Pinatubo Pilot A

reas

LEONIA BANK

DPW

H

Closed

22­Sep­00

2,555,159

1 2,555,159

Rural Road Network Dev't. Proj. Ph

.II (N

at'l. Roads)

JBIC PH­P162

DPW

H

Closed

30­Aug­95

139,872,065

4,134,369

135,737,696

Second MMBProj­Phase 2 and Metro Cebu Road Proj.

JBIC PH­P175

DPW

H

Closed

18­M

ar­97

71,514,271

­ 71,514,271

Zamboanga­Pagadian Road Project, 6th Road

OPE

C 0704 ­P

DPW

H

Closed

22­Sep­97

10,000,000

5,174,982

4,825,018

MM Sydney Coordinated AdaptiveTraffic System

EFIC II (1

996)

DPW

H,TEC

Closed

1­Mar­96

22,950,000

470

22,949,530

SALA

M Bridge

ECGD­Deutsche Bank Y9.6B

DPW

H/ARMM

Closed

25­Aug­99

105,193,059

­ 105,193,059

LGU Private Infrastructure Project D

evelopment F

acility

ADB1729 PHI

LBP

Closed

7­Mar­00

3,414,039

2,997,909

416,130

LGU's Support Credit P

rogram

JBIC PH­P195

LBP

Closed

10­Sep­98

65,862,984

41,080

65,821,904

Prom

otion of Small E

nterprise

KFW

No. 12 (A1­9160001)

LBP

Closed

29­Nov­95

10,469,941

­ 10,469,941

Third Rural Finance Project

IBRD 4413­ PH

LBP,PC

FC

Closed

11­Dec­98

150,000,000

2,500,000

147,500,000

LRT Line I Capacity Expansion Proj. Ph

. II

JBIC PH­P211

LRTA

Closed

7­Apr­00

241,475,914

­ 241,475,914

Expansion & Rehab­Baguio Water System Project

EFIC $14.8M

LWUA

Closed

31­M

ay­96

14,800,000

­ 14,800,000

Provincial Cities W

ater Supply IV

JBIC PH­P154

LWUA

Closed

30­Aug­95

66,502,957

45,705,283

20,797,674

Provincial Cities W

ater Supply V

JBIC PH­P181

LWUA

Closed

18­M

ar­97

78,402,116

32,599,642

45,802,474

Provincial Tow

ns W

ater Supply Project I/II

KFW

4197642

LWUA

Closed

8­Nov­99

20,407,512

­ 20,407,512

Small Tow

ns W

ater Supply Sect P

roj.

ADB1472 PHI

LWUA

Closed

12­Dec­02

50,000,000

25,197,675

24,802,325

Manila Second Sew

erage Project

IBRD 4019­ PH

MWSS

Closed

17­M

ay­98

57,000,000

21,933,260

35,066,740

Umiray­Angat Transbasin Project

ADB1379 PHI

MWSS

Closed

27­Nov­95

92,000,000

4,222,722

87,777,278

Delivery of 30,075 metric ton of Rice

JAPA

N FOOD AGENCY # 4

NFA

Closed

16­Aug­95

5,915,954

43,880

5,872,074

110

Schedu

le V

LOAN

LOAN

CUMULA

TIVE

ACCOUNT

AGREE

MEN

T COMMITMEN

T NUMBER

DATE

USD

USD

USD

IA

LOAN

STATU

S CANCEL

LATION

NAME OF PR

OJE

CT

NET

LOAN

COMMITMEN

T

Water Resources Development P

roject

IBRD 4110 PH

NIA

Closed

20­Dec­96

58,000,000

19,105,150

38,894,850

Energy Sector P

rogram

II

KFW

No. 14 #335996

NPC

Closed

14­Dec­95

21,791,674

2,838,180

18,953,494

Improvem

ent in Po

wer Grid Proj.

JBIC PH­P161

NPC

Closed

30­Aug­95

24,123,728

9,303,499

14,820,229

Leyte­Bohol Interconnection

JBIC PH­P177

NPC

Closed

18­M

ar­97

87,708,842

4,199,353

83,509,489

Leyte­Mindanao Interconnection Eng'g. P

roj

ADB1474 PHI

NPC

Closed

18­Nov­96

5,347,000

435,162

4,911,838

Luzon Grid Transmission Projects Asso. W

ith Private Po

wer

Projects(Ilijan Gereenfield & Casecnan Hydropower Asso.

Transm

ission Line)

JBIC PH­P178

NPC

Closed

18­M

ar­97

162,401,284

61,943,886

100,457,398

Luzon Transm

ission Line & Substation Project

Export­Import Bank of Korea (P

HL­3)

NPC

Closed

28­Jun­95

8,593,398

­ 8,593,398

Masinloc­Labrador Pow

er Project

KFW

No. 13 #335937/335988

NPC

Closed

14­Dec­95

35,561,092

3,831,846

31,729,245

Mindanao Po

wer Transmission Project

Export­Import Bank of Korea (P

HL­2)

NPC

Closed

28­Jun­95

6,561,555

606,069

5,955,486

North Luzon Transmission Project

ADB1398 PHI

NPC

Closed

27­Nov­95

244,000,000

82,320,987

161,679,013

Power Transmission Reinforcement P

roj.

ADB1590 PHI

NPC

Closed

21­Jan­98

191,400,000

145,623,207

45,776,793

Sucat­Balintawak T/L & Substations

KFW

No. 11#9687068

NPC

Closed

11­Jun­96

10,647,398

­ 10,647,398

Special Economic Zones Env. M

gmt. Project

JBIC PH­P183

PEZA

Closed

18­M

ar­97

29,785,862

­ 29,785,862

Northern Negros Geothermal Project

JBIC PH­P176

PNOC

Closed

18­M

ar­97

156,847,620

42,839,567

114,008,053

Boracay Environm

ental Infrastructure Proj.

JBIC PH­P156

PTA

Closed

30­Aug­95

14,665,144

16,266

14,648,878

Second Subic Bay Freeport P

roject(Floating Single Rate Curr.L

oan) IBRD 4111­ PH

SBMA

Closed

18­Jul­97

60,000,000

34,471,996

25,528,004

Subic Bay Area Municipal Development P

roj.

ADB1599 PHI

SBMA

Closed

21­Jan­98

22,000,000

20,828,370

1,171,630

Subic Bay Freeport E

nvironm

ent M

ngt. Proj.

JBIC PH­P182

SBMA

Closed

18­M

ar­97

11,215,798

2,561,438

8,654,360

Microfinance Development P

rogram

ADB2199 PHI

SEC

Closed

22­Nov­05

150,000,000

­ 150,000,000

Nonbank Financial Governance Program

ADB1858 PHI

SEC

Closed

19­Nov­01

75,000,000

­ 75,000,000

Second Nonbank Financial Governance Program

ADB2003 PHI

SEC

Closed

2­Sep­03

150,000,000

­ 150,000,000

Capital M

arket D

evelopment P

rog.

ADB1363 PHI

SEC (2

007 DOF)

Closed

2­May­96

75,000,000

­ 75,000,000

Expansion of D

ual E

ducation & Training

KFW

#3945906/200066412

TESDA

Closed

14­Feb­02

10,256,993

­ 10,256,993

SINGLE

­FUNDED

ONGOING PROJE

CTS

7,723,588,715

116,102,824

7,607,485,890

New

Com

munications, N

avigations Surveillance/Air Traffic Mgm

t. (CNS/ATM

) System Dev't. Proj.

JBIC PH­P228

ATO

Active

28­M

ar­02

239,165,503

­ 239,165,503

Subic­Clark­Tarlac Expressway Project

JBIC PH­P226

BCDA

Active

14­Sep­01

640,374,339

­ 640,374,339

National Program

Support for T

ax Adm

inistra

tion Reform Proj

IBRD 7431 PH

BIR

Active

30­M

ar­07

11,000,000

­ 11,000,000

Non­intru

sive Container Inspection System

Eximbank of C

hina

BOC

Closed

11­M

ay­06

58,625,200

115,326

58,509,874

Non­intru

sive Container Inspection System,PII

Eximbank of C

hina

BOC

Closed

15­Jan­07

117,250,400

­ 117,250,400

Diversified Fa

rm Income and Market D

evelopment P

roj.

IBRD 7236 PH

DA

Ext­6­30­10

24­Aug­04

60,000,000

­ 60,000,000

Gen. S

antos Fish Port C

omplex Expansion Project

China Nat'l Const.& Agr.Machinery­CHI­

DA

Active

6­Jan­03

24,985,000

­ 24,985,000

Import of Rice (FY2006)

US PL 480­24

DA

Active

14­Jul­06

20,000,000

575,047

19,424,953

Infras. For Rural Productivity Enhancement S

ector P

roject

ADB1772 PHI

DA

Ext­6/30/10

12­Dec­02

75,000,000

­ 75,000,000

Mindanao Rural Development P

roject Phase II

IBRD 7440 PH

DA

Active

3­May­07

83,752,000

­ 83,752,000

Integrated Coastal Resources Managem

ent P

roject

ADB2311 PHI

DA DENR

Active

28­M

ar­07

33,800,000

­ 33,800,000

Mindanao Sustainable Settlement A

rea Development P

roj.

JBIC PH­P222

DA, D

AR

Active

30­M

ay­01

70,668,205

­ 70,668,205

Agrarian Reform Com

munities Development P

roj. Ph

ase II

IBRD 7152 PH

DAR

Ext­12/31/09

22­Jan­03

50,000,000

­ 50,000,000

Agrarian Reform Infrastructure Support Project, Ph

ase III

JBIC PH­P242

DAR

Active

18­Dec­07

128,016,294

­ 128,016,294

Northern Mindanao Com

munity Initiative & Resources Managem

ent

Project

IFAD 0577­PH

DAR

Ext­12/31/09

8­Apr­02

17,867,132

­ 17,867,132

Credit F

acility for E

nvironm

ental M

anagem

ent P

roj.

SIDA

DBP

Ext­8/2/09

3­Aug­05

10,000,000

­ 10,000,000

Credit Line for S

olid W

aste Managem

ent P

rogram

KFW

No. 22/A­200196951

DBP

Ext­12/31/10

30­Dec­03

20,824,500

­ 20,824,500

111

Schedu

le V

LOAN

LOAN

CUMULA

TIVE

ACCOUNT

AGREE

MEN

T COMMITMEN

T NUMBER

DATE

USD

USD

USD

IA

LOAN

STATU

S CANCEL

LATION

NAME OF PR

OJE

CT

NET

LOAN

COMMITMEN

T

Development of P

oor U

rban Com

munity Sector P

roj.

ADB2063 PHI

DBP

Active

22­Dec­03

35,996,339

­ 35,996,339

Rural Pow

er Project

IBRD 7204­ PH

DBP

Ext­12/31/12

8­Dec­03

12,888,405

­ 12,888,405

National Program

Support for B

asic Education Project

IBRD 7393 PH

DECS

Active

3­Oct­06

200,000,000

­ 200,000,000

National Program

Support for E

nvironm

ent and Natural Resources

Managem

ent P

roject

IBRD 7470 PH

DENR

Active

29­Aug­07

50,000,000

­ 50,000,000

Second Land Adm

inistra

tion & Managem

ent P

roject

IBRD 7298 PH

DENR

Active

31­M

ar­11

18,995,000

­ 18,995,000

Power Sector D

evelopment P

rogram

Cluster

ADB2282 PHI

DOE

Active

11­Dec­06

450,000,000

­ 450,000,000

Development P

olicy Support Program

ADB2315 PHI

DOF

Active

13­Feb­07

250,000,000

­ 250,000,000

First D

evelopment P

olicy Loan Program

IBRD 7424 PH

DOF

Active

23­Jan­07

250,000,000

­ 250,000,000

Power Sector D

evelopment P

rogram

JBIC­PSDP

DOF/DOE

Closed

23­Feb­07

423,033,000

45,557,400

377,475,600

Local G

overnm

ent F

inance Development P

roject

IBRD 4446 PH

DOF­MDFO

Closed

8­Sep­99

100,000,000

40,000,000

60,000,000

Dev. of S

ub­Speciality Capabilities for H

eart, Lung & Kidney Pa

tients ING Bank N.V. (Netherlands)

DOH

Active

20­Jan­05

20,267,633

­ 20,267,633

National S

ector S

upport for H

ealth Reform Projects

IBRD 7395 PH

DOH

Active

3­Oct­06

110,000,000

­ 110,000,000

Second Wom

en's Health & Safe Motherhood Proj.

IBRD 7290 PH

DOH,LGUs

Active

30­Jun­05

16,000,000

­ 16,000,000

Health Sector R

eform Project

KFW

DOH/MDFO

Active

20­Dec­07

13,883,000

­ 13,883,000

Sustainable Environm

ental M

gt. P

roj.in Northern Pa

lawan

JBIC PH­P225

DOT

Active

30­M

ay­01

22,062,798

­ 22,062,798

Social R

eform Related Feeder P

orts Dev't. Projects

JBIC PH­P173

DOTC

Closed

18­M

ar­97

62,326,862

15,832,524

46,494,338

Laguindingan Airport D

evelopment P

roj.

Export­Import Bank of Korea (P

HL­5)

DOTC

/ATO

Ext­6/28/12

24­Feb­98

16,069,548

­ 16,069,548

Agno River Flood Contro

l Proj. Ph

. II­B

JBIC PH­P223

DPW

H

Active

30­M

ay­01

30,252,283

­ 30,252,283

Agno River Flood Contro

l Proj. Ph

.II­A

JBIC PH­P193

DPW

H

Ext­3/7/10

10­Sep­98

73,043,698

­ 73,043,698

Arte

rial R

oad Bypass Proj. P

h. I

JBIC PH­P236

DPW

H

Active

30­M

ay­04

67,500,881

­ 67,500,881

Arte

rial R

oad Link Dev. P

roj. Ph

.lV

JBIC PH­P204

DPW

H

Closed

28­Dec­99

166,870,248

1,442,351

165,427,897

Arte

rial R

oad Link Dev.Proj. Ph

.V

JBIC PH­P217

DPW

H

Ext­9/25/10

30­M

ay­01

89,965,018

­ 89,965,018

Arte

rial R

oad Link Dev.Proj. Ph

.VI

JBIC PH­P227

DPW

H

Active

28­M

ar­02

72,924,381

­ 72,924,381

Centra

l Mindanao Road Proj.

JBIC PH­P237

DPW

H

Active

16­Dec­03

40,318,299

­ 40,318,299

Cordillera Road Improvem

ent P

roj.

JBIC PH­P205

DPW

H

Closed

28­Dec­99

63,476,644

3,581,350

59,895,294

Iloilo Flood Contro

l Proj. Ph

.II

JBIC PH­P230

DPW

H

Active

28­M

ar­02

73,651,130

­ 73,651,130

KAMANAVA

Flood Contro

l/Dra.Sys.Im

p.Proj.

JBIC PH­P212

DPW

H

Ext­9/4/09

7­Apr­00

96,852,863

­ 96,852,863

Laoag River Basin Flood Contro

l & SABO Proj.

JBIC PH­P224

DPW

H

Active

30­M

ay­01

68,433,723

­ 68,433,723

Magsaysay Bridge & Butuan City B

ypass Rd., P

II JBIC PH­P216

DPW

H

Closed

31­Aug­00

38,496,003

463,754

38,032,249

Mindanao 2nd Road Improv't. Proj.

KFA

ED No. 541

DPW

H

Closed

6­Aug­98

21,294,350

1,537,371

19,756,979

Mindanao Roads Im

provem

ent P

roject

Saudi Fund for D

evelopment

DPW

H

Active

1­Oct­05

19,988,775

­ 19,988,775

MM Flood Contro

l Proj. & W

est of M

angahan Floodw

ay

JBIC PH­P179

DPW

H

Closed

18­M

ar­97

102,081,117

4,906,030

97,175,087

MM Urban Transport Integration Project

IBRD 7058 PH

DPW

H

Ext­3/31/09

8­Aug­01

60,000,000

­ 60,000,000

Pasig­Marikina River Channel Im

provem

ent P

roj. Ph

. II

JBIC PH­P239

DPW

H

Active

27­Feb­07

92,514,063

­ 92,514,063

Pinatubo Hazard Urgent M

itigation Proj. P

III

JBIC PH­P241

DPW

H

Active

18­Dec­07

164,961,176

­ 164,961,176

PJFH

Mindanao Section Rehab Proj.Ph. ll

JBIC PH­P206

DPW

H

Closed

28­Dec­99

80,636,598

9,249

80,627,349

Restoration/Rehab of W

aterways in Selected River Basins

Nationw

ide Ph

ase I P

roject

BNP PA

RIBAS

DPW

H

Active

27­Nov­07

7,478,922

­ 7,478,922

Rural Road Network Development P

roj.Ph.III

JBIC PH­P220

DPW

H

Ext­9­25­11

30­M

ay­01

67,305,635

­ 67,305,635

Urgent B

ridges Construction Proj.­R

ural Dev.

JBIC PH­P231

DPW

H

Ext­3­24­12

28­M

ar­02

200,539,336

­ 200,539,336

Widening of Gapan­San Fernando­Olongapo Road & Emergency

Dredging Project

Export­Import Bank of Korea (P

HL­8)

DPW

H

Active

15­Dec­05

17,077,500

­ 17,077,500

Kapit­Bisig sa Kahirapan­Com

prehensive & Integrated Delivery Of

Social S

ervice­CIDSS

IBRD 7147 PH

DSWD

Ext­5­30­10

7­Oct­02

100,000,000

­ 100,000,000

Rural Microenterprise Prom

otion Programme

IFAD 0661­PH

DTI

Active

11­Nov­05

19,022,335

­ 19,022,335

Local G

overnm

ent U

nits Investment P

rogram

me

KFW

A1­200565887

LBP

Active

29­Dec­05

20,824,500

­ 20,824,500

112

Schedu

le V

LOAN

LOAN

CUMULA

TIVE

ACCOUNT

AGREE

MEN

T COMMITMEN

T NUMBER

DATE

USD

USD

USD

IA

LOAN

STATU

S CANCEL

LATION

NAME OF PR

OJE

CT

NET

LOAN

COMMITMEN

T

Manila Third Sew

erage Project

IBRD 7311 PH

LB

P

Active

22­Jul­05

71,503,424

­ 71,503,424

Support for S

trategic Local D

evelopment &

Investment P

roject

IBRD 4833 PH

LB

P

Active

3­Oct­06

127,018,370

­ 127,018,370

Laguna de Bay Institutional S

trengthening & Com

munity Participation

Proj.

IBRD 7205 PH

LLDA

Active

26­Jan­04

5,000,000

­ 5,000,000

MWSS New

Water Source Development P

roject

ADB2012 PHI

MWSS

Closed

24­Nov­03

3,260,000

2,071,470

1,188,530

Bago River Irrigation System Reh.& Im

p. Proj.

JBIC PH­P229

NIA

Active

28­M

ar­02

34,970,728

­ 34,970,728

Banaoang Pu

mp Irrigation Project

China Nat'l Const.& Agr.Machinery­CHI­

NIA

Ext­12/27/09

30­Oct­01

34,980,616

­ 34,980,616

Bohol Irrigation Proj. P

h. ll

JBIC PH­P202

NIA

Ext­3/28/09

28­Dec­99

65,928,066

­ 65,928,066

Centra

l Luzon Irrigation Proj./C

asecnan Multi­purpose Irrigation &

Power Proj.

JBIC PH­P196

NIA

Ext­1/7/2009

10­Sep­98

153,333,192

­ 153,333,192

SINGLE

­FUNDED

ONGOING PROJE

CTS

Help for C

atubig Agr. A

dv. P

roj., SI

JBIC PH­P221

NIA

Active

30­M

ay­01

56,512,870

­ 56,512,870

Southern Ph

ilippines Irrigation Sector P

roject

ADB1668 PHI

NIA

Ext­ 6

/30/10

12­Dec­02

60,000,000

­ 60,000,000

North Luzon Railways Project

Eximbank of C

hina

NLR

C

Active

26­Feb­04

400,000,000

­ 400,000,000

Northrail Project P

hase I, Section 2 (M

alolos­Clark)

Eximbank of C

hina

NLR

C

Ext­9­13­12

15­Jan­07

500,000,000

­ 500,000,000

Electricity Market &

Transmission Development P

roj.

ADB1984 PHI

NPC

Active

16­Dec­03

40,000,000

­ 40,000,000

Mindanao Container Terminal Proj.

JBIC PH­P213

PHIVIDEC

Closed

7­Apr­00

89,661,302

10,951

89,650,351

Metro Iligan Regional Infrastructure Dev. P

roj.

JBIC PH­P191

Provl G

ov't­LD

N Ext­6/7/10

10­Sep­98

30,718,308

­ 30,718,308

Small &

Medium Enterprise Development Support Project

ADB2186 PHI

SBGFC

Active

16­Dec­05

29,792,641

­ 29,792,641

Small M

edium Enterprise Financing Programme

KFW

04/BMZ2

0016596

SBGFC

Ext­12/30/10

29­Dec­05

16,243,110

­ 16,243,110

Subic Bay Freeport E

nvironm

ent M

ngt. Proj. (Ph

ase II)

JBIC PH­P238

SBMA

Active

28­M

ar­03

10,749,377

­ 10,749,377

Subic Bay Port D

evelopment P

roject

JBIC PH­P215

SBMA

Active

31­Aug­00

178,433,150

­ 178,433,150

Financial M

arket R

egulation & Intermediation Program Cluster

ADB2278 PHI

SEC

Closed

11­Dec­06

200,000,000

­ 200,000,000

Judicial Reform Support Project

IBRD 7191 PH

Supreme Court

Active

2­Oct­03

21,900,000

­ 21,900,000

Development of C

enters of E

xcellence in Modern Manufacturing

Technology

ERSTE

(Austria)

TESDA

Ext­5/17/09

28­Feb­02

25,222,924

­ 25,222,924

SINGLE

­FUNDED

NEW

PROJE

CTS

1,663,252,546

­ 1,663,252,546

Agrarian Reform Com

munities Project II

ADB2465 PHI

DAR

New

8­Dec­08

70,000,000

­ 70,000,000

Bridge Construction Acceleration Project for Calam

ity Stricken Areas

(BCAP)

Bank of Austria Creditanstalt

DPW

H

New

18­Apr­08

31,930,900

­ 31,930,900

Development P

olicy Support Program Cluster­Sub Program

2

ADB2450 PHI

DOF

Closed

7­Oct­08

250,000,000

­ 250,000,000

Food Crisis Response Development P

olicy

IBRD 7615 PH

DOF

New

16­Dec­08

200,000,000

­ 200,000,000

Governance in Justice Sector R

eform Program

ADB2489 PHI

DOF

New

18­Dec­08

300,000,000

­ 300,000,000

Mega Bridges for U

rban and Rural Dev't. Proj.

BNP PA

RIBAS JPY

DPW

H

New

4­Sep­08

253,904,022

­ 253,904,022

Mega Bridges for U

rban and Rural Dev't. Proj.

BNP PA

RIBAS JPY

DPW

H

New

4­Sep­08

44,806,592

­ 44,806,592

National R

oads Im

provem

ent and Managem

ent P

roject 2

IBRD 7552 PH

DPW

H

New

24­Oct­08

232,000,000

­ 232,000,000

Second Cordillera Highland Agricultural R

esource Mgnt. Project

(CHARM2)

OPE

C 1224­P

DA

New

17­Dec­08

10,000,000

­ 10,000,000

Tulay ng Pangulo para sa Kaunlarang Pa

ng­Agraryo

BNP PA

RIBAS EUR

DAR

New

24­Dec­08

270,611,033

­ 270,611,033

TOTA

L SINGLE

­FUNDED

PROJE

CTS

16,585,588,964

1,220,976,223

15,364,612,741

TOTA

L ODA­FUNDED

PROJE

CTS

IN USD

24,392,473,708

2,672,840,805

21,719,632,903

TOTA

L ODA­FUNDED

PROJE

CTS

IN PHP

1,162,228,194,767

127,352,845,821

1,034,875,348,946

113

Schedu

le V

LOAN

LOAN

CUMULA

TIVE

ACCOUNT

AGREE

MEN

T COMMITMEN

T NUMBER

DATE

USD

USD

USD

IA

LOAN

STATU

S CANCEL

LATION

NAME OF PR

OJE

CT

NET

LOAN

COMMITMEN

T

COMPL

ETED

NO. O

F PR

OJE

CTS

PR

OJE

CTS

2008

TOTA

L

GRAND TOTA

L 12

329

24,392,473,708

2,672,840,805

21,719,632,903

MULT

I­FUNDED

PROJE

CTS

7

122

7,806,884,744

1,451,864,582

6,355,020,162

COMPL

ETE

D(NGS 68, GOCC 27, LGU 1)

7 96

6,459,396,105

1,379,507,159

5,079,888,945

ONGOING (N

GS 16, GOCC 5, LGU 2)

23

1,279,673,279

72,357,422

1,207,315,857

NEW (N

GS 2, G

OCC 1)

3 67,815,361

­ 67,815,361

SINGLE

­FUNDED

PROJE

CTS

5

207

16,585,588,964

1,220,976,223

15,364,612,741

CANCELLED (N

GS 2, G

OCC 2)

4 265,230,786

57,008,637

208,222,149

COMPL

ETE

D(GOCC 39, NGS 72)

5 111

6,933,516,917

1,047,864,762

5,885,652,155

ONGOING(GOCC 24, LGU 1, N

GS 57)

82

7,723,588,715

116,102,824

7,607,485,890

NEW (N

GS 10)

10

1,663,252,546

­ 1,663,252,546

114

Schedu

le VI

LOAN COMMITMEN

TS BY SE

CTO

R

FY 2008

NET

LOAN

IMPL

EMEN

TING

COMMITMEN

T CANCEL

LATION

COMMITMEN

T AGEN

CY

USD

USD

USD

Agriculture, N

atural Resou

rces and

Agrarian Reform

4,446,600,327

387,136,933

4,059,463,394

Acquisition of 14 Fisheries Managem

ent P

atrol Vessels for M

onitoring, Contro

l and Surveillance

ICO (U

S$18.5M

) BFA

R

18,558,684

­ 18,558,684

Oceanographic & R

esearch Ve

ssel

ICO (U

S$9.4M)

BFA

R

9,477,724

20,092

9,457,633

Fisheries Resource Managem

ent P

roj.

JBIC PH­P197

BFA

R

26,336,516

10,114,789

16,221,727

Acquisition of 14 Fisheries Managem

ent P

atrol Vessels for M

onitoring, Contro

l and Surveillance

Banco Bilbao Vizcaya (U

S$18.5M

) BFA

R

18,558,684

­ 18,558,684

Oceanographic & R

esearch Ve

ssel

Banco Bilbao Vizcaya (U

S$9.4M)

BFA

R

9,477,724

20,092

9,457,633

Fisheries Resource Managem

ent P

roj.

ADB1562 PHI

BFA

R

16,976,856

2,783,661

14,193,195

Fisheries Resource Managem

ent P

roj.

ADB1563 PHI

BFA

R

20,222,000

12,014,813

8,207,187

Importa

tion of Soybean Meal

US PL 480­18

DA

30,000,000

59

29,999,941

Importa

tion of Rice & Soybean Meal

US PL 480­19

DA

40,000,000

291

39,999,709

Importa

tion of Rice & Soybean Meal

US PL 480­20

DA

40,000,000

273,693

39,726,307

Importa

tion of Rice & Soybean Meal

US PL 480­21

DA

20,000,000

16,833

19,983,167

Import of Rice (FY2003­2004)

US PL 480­22

DA

40,000,000

­ 40,000,000

Import of Rice (FY2004­2005)

US PL 480­23

DA

20,000,000

4,783

19,995,217

Import of Rice (FY2006)

US PL 480­24

DA

20,000,000

575,047

19,424,953

Cordillera Highland Agricultural R

esource Mgnt. Proj.

ADB1421 PHI

DA

9,500,000

1,200,000

8,300,000

Cordillera Highland Agricultural R

esource Mgnt. Proj.

ADB1422 PHI

DA

9,791,496

2,347,250

7,444,246

Grains Sector D

evelopment P

rog. Loan

ADB1739 PHI

DA

100,000,000

70,000,000

30,000,000

Grains Sector D

evelopment P

roj. Loan

ADB1740 PHI

DA

75,000,000

69,496,929

5,503,071

Infras. For Rural Productivity Enhancement S

ector P

roject

ADB1772 PHI

DA

75,000,000

­ 75,000,000

Mindanao Rural Development P

roject

IBRD 4522 PH

DA

27,500,000

6,956,000

20,544,000

Diversified Fa

rm Income and Market D

evelopment P

roj.

IBRD 7236 PH

DA

60,000,000

­ 60,000,000

Mindanao Rural Development P

roject Phase II

IBRD 7440 PH

DA

83,752,000

­ 83,752,000

Second Cordillera Highland Agricultural R

esource Mgnt. Project (CHARM2)

IFAD 749­PH

DA

24,875,361

­ 24,875,361

Second Cordillera Highland Agricultural R

esource Mgnt. Project (CHARM2)

OPE

C 1224­P

DA

10,000,000

­ 10,000,000

Importa

tion of Soybean Meal

US PL 480­17

DA

10,000,000

15

9,999,985

Rural Infrastructure Dev't. Proj.

ADB1332 PHI

DA

18,369,260

7,508,576

10,860,684

Cordillera Highland Agricultural R

esource Mgnt. Proj.

IFAD 0397­PH

DA

9,472,661

3,411,161

6,061,500

Integrated Coastal Resources Managem

ent Project

ADB2311 PHI

DA DENR

33,800,000

­ 33,800,000

Mindanao Sustainable Settlement A

rea Development P

roj.

JBIC PH­P222

DA, D

AR

70,668,205

­ 70,668,205

Tulay ni Pangulo para sa Magsasaka

ECGD­Deutsche Bank Y19B Bila

DAR

207,325,910

­ 207,325,910

Solar Pow

er Technology Support to A

RC

ICO (U

S$12.9M

) DAR

12,937,311

­ 12,937,311

Solar Pow

er Technology Support to ARC, P

hase II

ICO USD 13.495 M

DAR

13,495,424

­ 13,495,424

Agrarian Reform Infrastructure Support Proj. P

I JBIC PH­P152

DAR

66,719,897

3,632,974

63,086,923

Rural Farmers & Agra.Ref. S

upport Credit P

rogram

JBIC PH­P169

DAR

3,308,335

843,858

2,464,477

Agrarian Reform Infrastructure Support Proj. P

II JBIC PH­P203

DAR

184,290,530

50,505,267

133,785,263

Agrarian Reform Infrastructure Support Project, Ph

ase III

JBIC PH­P242

DAR

128,016,294

­ 128,016,294

Tulay ng Pangulo para sa Kaunlarang Pa

ng­Agraryo

BNP PA

RIBAS EUR

DAR

270,611,033

­ 270,611,033

Expansion of C

omputerized Geographic­based Information Systems

SIDA IN

EC 1995­1065

DAR

2,372,866

12,493

2,360,373

AGRARIAN REFO

RM BRGYS (A

RCs)

Banco Bilbao Vizcaya (U

S$12.9M

) DAR

12,937,311

­ 12,937,311

Tulay ni Pangulo para sa Magsasaka

ECGD­Deutsche Bank Y3.3B

Com

m'l

DAR

36,586,925

­ 36,586,925

NAME OF PR

OJE

CT BY SE

CTO

R

LOAN ACCOUNT NUMBER

115

Schedu

le VI

NET

LOAN

IMPL

EMEN

TING

COMMITMEN

T CANCEL

LATION

COMMITMEN

T AGEN

CY

USD

USD

USD

NAME OF PR

OJE

CT BY SE

CTO

R

LOAN ACCOUNT NUMBER

Solar Pow

er Technology Support to ARC, P

hase II

BNP PA

RIBAS USD 13 M

DAR

13,495,424

­ 13,495,424

Agrarian Reform Com

munities P

roj

ADB1667 PHI

DAR

93,162,000

20,565,940

72,596,060

Agrarian Reform Com

munities Project II

ADB2465 PHI

DAR

70,000,000

­ 70,000,000

Agrarian Reform Com

munities Development P

roj.

IBRD 4109 PH

DAR

50,000,000

327,888

49,672,112

Agrarian Reform Com

munities Development P

roj. Ph

ase II

IBRD 7152 PH

DAR

50,000,000

­ 50,000,000

Western Mindanao Com

munity Initiative Project

IFAD 0474­PH

DAR

16,942,970

­ 16,942,970

Northern Mindanao Com

munity Initiative & Resources Managem

ent P

roject

IFAD 0577­PH

DAR

17,867,132

­ 17,867,132

Agrarian Reform Com

munities and Projects II

OPE

C 1225­P

DAR

30,000,000

­ 30,000,000

Environm

ental Infra Support Credit P

rogram

JBIC PH­P170

DBP

55,948,826

1,079,658

54,869,168

Environm

ental Infra Support Credit P

rogram

Phase II

JBIC PH­P199

DBP

222,678,063

223

222,677,840

Industrial Pollution Contro

l I

KFW

No. 15 #1095708

DBP

6,530,404

­ 6,530,404

Industrial Pollution Contro

l II

KFW

No. 21

DBP

12,989,828

­ 12,989,828

MM Air Quality Improvem

ent S

ector D

evelopment P

rog.

JBIC PH­CL 020 (POLICY LOAN)

DENR

393,746,100

­ 393,746,100

Southern Mindanao Integ.Coast. Z

one Mgt. P

roj.

JBIC PH­P194

DENR

34,721,247

10,538,030

24,183,217

MM Air Quality Improvem

ent S

ectorDevelopment P

rog.

ADB1663 PHI (POLICY LOAN)

DENR

200,000,000

­ 200,000,000

MM Air Quality Improvem

ent S

ectorDevelopment Proj.(Investment C

omp.)

ADB1665 PHI

DENR

71,000,000

42,961,188

28,038,812

Land Adm

inistra

tion and Managem

ent P

roj.

IBRD 7034 PH

DENR

4,790,000

1,288,036

3,501,964

Second Land Adm

inistra

tion & Managem

ent P

roject

IBRD 7298 PH

DENR

18,995,000

­ 18,995,000

National Program

Support for E

nvironm

ent and Natural Resources Managem

ent

Project

IBRD 7470 PH

DENR

50,000,000

­ 50,000,000

Com

munity Based Resources Managem

ent P

roj.

IBRD 4299 PH

DOF­MDFO

50,000,000

14,482,035

35,517,965

Rural Farmers & Agra.Ref. S

upport Credit P

rogram

JBIC PH­P168

LBP

113,828,418

42,946

113,785,472

MM Air Quality Improvem

ent S

ectorDevelopment P

roj.

ADB1664 PHI

LBP

33,163,347

25,335,761

7,827,586

Third Rural Finance Project

IBRD 4413­ PH

LBP,PC

FC

150,000,000

2,500,000

147,500,000

Laguna de Bay Institutional S

trengthening & Com

munity Participation Proj.

IBRD 7205 PH

LLDA

5,000,000

­ 5,000,000

Oceanographic & R

esearch Ve

ssel N

os.473 & 474

Banco Santander(SMCF­Spain)

NAMRIA

25,753,879

­ 25,753,879

Delivery of 30,075 metric ton of Rice

JAPA

N FOOD AGENCY # 4

NFA

5,915,954

43,880

5,872,074

Lower Agusan Dev't Project (Irrigation Com

ponent)

JBIC PH­P153

NIA

43,821,880

1,527,180

42,294,700

Centra

l Luzon Irrigation Proj./C

asecnan Multi­purpose Irrigation & Pow

er

JBIC PH­P196

NIA

153,333,192

­ 153,333,192

Bohol Irrigation Proj. P

h. ll

JBIC PH­P202

NIA

65,928,066

­ 65,928,066

Help for C

atubig Agr. A

dv. P

roj., SI

JBIC PH­P221

NIA

56,512,870

­ 56,512,870

Bago River Irrigation System Reh.& Im

p. Proj.

JBIC PH­P229

NIA

34,970,728

­ 34,970,728

Banaoang Pu

mp Irrigation Project

China Nat'l Const.& Agr.Machinery­CHI­1

NIA

34,980,616

­ 34,980,616

Second Irrigations Systems Improvem

ent P

roject

ADB1365 PHI

NIA

15,000,000

1,738,553

13,261,447

Second Irrigations Systems Improvem

ent P

roject

ADB1366 PHI

NIA

14,834,340

1,300,353

13,533,987

Southern Ph

ilippines Irrigation Sector P

roject

ADB1668 PHI

NIA

60,000,000

­ 60,000,000

Water Resources Development P

roject

IBRD 4110 PH

NIA

58,000,000

19,105,150

38,894,850

Special Economic Zones Env. M

gmt. Project

JBIC PH­P183

PEZA

29,785,862

­ 29,785,862

Pasig River Env. M

gnt. & Rehab. S

ec. D

ev. P

rog.

ADB1745 PHI

PRRC

100,000,000

­ 100,000,000

Pasig River Env. M

gnt. & Rehab. S

ec. D

ev. P

roj.

ADB1746 PHI

PRRC

75,000,000

­ 75,000,000

Subic Bay Freeport E

nvironm

ent M

ngt. Proj.

JBIC PH­P182

SBMA

11,215,798

2,561,438

8,654,360

Subic Bay Freeport E

nvironm

ent M

ngt. Proj. (Ph

ase II)

JBIC PH­P238

SBMA

10,749,377

­ 10,749,377

Gov

erna

nce an

d Institu

tion Develop

men

t 2,781,031,600

589,624,240

2,191,407,360

National Program

Support for T

ax Adm

inistra

tion Reform Proj

IBRD 7431 PH

BIR

11,000,000

­ 11,000,000

Banking Sector R

eform Program

JBIC­BSR

BSP

475,098,600

344,066,840

131,031,760

Banking System Reform Loan

IBRD 4412 PH

BSP

300,000,000

200,000,000

100,000,000

116

Schedu

le VI

NET

LOAN

IMPL

EMEN

TING

COMMITMEN

T CANCEL

LATION

COMMITMEN

T AGEN

CY

USD

USD

USD

NAME OF PR

OJE

CT BY SE

CTO

R

LOAN ACCOUNT NUMBER

Development P

olicy Support Program

ADB2315 PHI

DOF

250,000,000

­ 250,000,000

Development P

olicy Support Program Cluster­Sub Program

2

ADB2450 PHI

DOF

250,000,000

­ 250,000,000

Governance in Justice Sector R

eform Program

ADB2489 PHI

DOF

300,000,000

­ 300,000,000

First D

evelopment P

olicy Loan Program

IBRD 7424 PH

DOF

250,000,000

­ 250,000,000

Food Crisis Response Development P

olicy

IBRD 7615 PH

DOF

200,000,000

­ 200,000,000

Power Sector D

evelopment P

rogram

JBIC­PSDP

DOF/DOE

423,033,000

45,557,400

377,475,600

Nonbank Financial Governance Program

ADB1858 PHI

SEC

75,000,000

­ 75,000,000

Second Nonbank Financial Governance Program

ADB2003 PHI

SEC

150,000,000

­ 150,000,000

Capital M

arket D

evelopment P

rog.

ADB1363 PHI

SEC (2

007 DOF)

75,000,000

­ 75,000,000

Judicial Reform Support Project

IBRD 7191 PH

Supreme Court

21,900,000

­ 21,900,000

Indu

stry, T

rade

and

Tou

rism

1,611,481,615

29,481,498

1,582,000,117

Dom

estic Shipping Modernization Program Phase II

JBIC PH­P189

DBP

216,831,530

6,579,603

210,251,927

Industrial S

upport Services Expansion Prog ­Ph 2

JBIC PH­P198

DBP

383,441,450

973,868

382,467,582

Credit Line for S

mall &

Medium Enterprise I

KFW

No. 18 Po

rtion 1 & 2

DBP

35,491,326

­ 35,491,326

Credit F

acility for E

nvironm

ental M

anagem

ent P

roj.

SIDA

DBP

10,000,000

­ 10,000,000

Rural Microenterprise Prom

otion Programme

IFAD 0661­PH

DTI

19,022,335

­ 19,022,335

Metro Cebu Dev. P

roj. III (C

ebu South Reclamation)

JBIC PH­P157

LBP

133,580,805

250,926

133,329,879

Local G

overnm

ent U

nits Investment P

rogram

me

KFW

A1­200565887

LBP

20,824,500

­ 20,824,500

Prom

otion of Small E

nterprise

KFW

No. 12 (A1­9160001)

LBP

10,469,941

­ 10,469,941

Credit Line for S

mall &

Medium Enterprise II

KFW

No. 19 Po

rtion 1 & 2

LBP

35,491,326

­ 35,491,326

Rural Microenterprise Finance Project

ADB1435 PHI

LBP

20,975,397

365,233

20,610,164

Second Rural Finance Project (C

urr. Po

ol Loan)

IBRD 3938 PH

LB

P

50,000,000

­ 50,000,000

Second Rural Finance Project (F

ixed Rate Single Cur. Ln.)

IBRD 3939 PH

LB

P

50,000,000

­ 50,000,000

Second Rural Finance Project (F

loating Rate Single CL)

IBRD 3940 PH

LB

P

50,000,000

­ 50,000,000

Support for S

trategic Local D

evelopment &

Investment P

roject

IBRD 4833 PH

LB

P

127,018,370

­ 127,018,370

Rural Microenterprise Finance Project

IFAD 0416­PH

LB

P

15,633,741

467,232

15,166,508

Boracay Environm

ental Infrastructure Proj.

JBIC PH­P156

PTA

14,665,144

16,266

14,648,878

Small M

edium Enterprise Financing Programme

KFW

04/BMZ2

0016596

SBGFC

16,243,110

­ 16,243,110

Small &

Medium Enterprise Development Support Project

ADB2186 PHI

SBGFC

29,792,641

­ 29,792,641

Subic Bay Area Municipal Development P

roj.

ADB1599 PHI

SBMA

22,000,000

20,828,370

1,171,630

Microfinance Development P

rogram

ADB2199 PHI

SEC

150,000,000

­ 150,000,000

Financial M

arket R

egulation & Intermediation Program Cluster

ADB2278 PHI

SEC

200,000,000

­ 200,000,000

Infrastruc

ture

13,780,702,648

1,520,447,543

12,260,255,105

New

Com

munications, N

avigations Surveillance/Air Traffic Mgm

t. (CNS/ATM

) System Dev't. Proj.

JBIC PH­P228

ATO

239,165,503

­ 239,165,503

Subic­Clark­Tarlac Expressway Project

JBIC PH­P226

BCDA

640,374,339

­ 640,374,339

Non­intru

sive Container Inspection System

Eximbank of C

hina

BOC

58,625,200

115,326

58,509,874

Non­intru

sive Container Inspection System,PII

Eximbank of C

hina

BOC

117,250,400

­ 117,250,400

Gen. S

antos Fish Port C

omplex Expansion Project

China Nat'l Const.& Agr.Machinery­CHI­2

DA

24,985,000

­ 24,985,000

Credit Line for S

olid W

aste Managem

ent P

rogram

KFW

No. 22/A­200196951

DBP

20,824,500

­ 20,824,500

LGU Urban W

ater & Sanitation Project

IBRD 4422­ PH

DBP

23,300,000

18,545,483

4,754,517

LGU Urban W

ater & Sanitation Project P

hase II

IBRD 7080­ PH

DBP

40,328,061

20,164,031

20,164,031

Rural Pow

er Project

IBRD 7204­ PH

DBP

12,888,405

­ 12,888,405

LGU Urban W

ater & Sanitation Project

Nordic Development F

und Cr. No. 269

DBP

7,701,350

­ 7,701,350

Municipal Solar Infrastructure Project

EFIC III (1997)

DILG

28,023,635

216,935

27,806,700

117

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le VI

NET

LOAN

IMPL

EMEN

TING

COMMITMEN

T CANCEL

LATION

COMMITMEN

T AGEN

CY

USD

USD

USD

NAME OF PR

OJE

CT BY SE

CTO

R

LOAN ACCOUNT NUMBER

Rural W

ater Suppy & Sanitation Sector P

roj. P5

JBIC PH­P201

DILG

10,315,497

5,269,756

5,045,741

Pres. B

ridge Program

Phase II

Bank of Austria Creditanstalt (215.050)

DILG

100,891,696

­ 100,891,696

Supply & Installation Of C

ompact Bailey Bridging & Com

ponents

Bank of America (C/A­7/05/96)

DILG

24,040,383

24,087

24,016,295

Emergency Network Project

Raiffeissen Ze

ntralbank Osterreich

Aktiengeselschaft II

DILG

33,301,133

­ 33,301,133

Clark Area Municipal Development P

roj.

ADB1658 PHI

DILG

24,300,000

20,968,112

3,331,888

Mindanao Basic Urban Services Sector P

roject

Nordic Development F

und Cr. No. 327

DILG

6,931,215

­ 6,931,215

Power Sector R

estru

cturing Program

JBIC­PSR

DOE

475,098,600

66,600,580

408,498,020

Power Sector D

evelopment P

rogram

Cluster

ADB2282 PHI

DOE

450,000,000

­ 450,000,000

Regional M

unicipal Development P

roject

ADB1367 PHI

DOF/DILG

30,000,000

17,960,834

12,039,166

Local G

overnm

ent F

inance Development P

roject

IBRD 4446 PH

DOF­MDFO

100,000,000

40,000,000

60,000,000

Sustainable Environm

ental M

gt. P

roj. in Northern Pa

lawan

JBIC PH­P225

DOT

22,062,798

­ 22,062,798

Search & Rescue Ve

ssels

EFIC IV

DOTC

38,511,110

­ 38,511,110

Crash Fire Rescue III Equipt. Proj. /N. B

anque

FP 95#846­OGI

DOTC

2,666,727

­ 2,666,727

Global M

aritime Distre

ss Safety System Project

FP 97#908­0D

1 FP

VIII(c)

DOTC

12,694,698

2,733,172

9,961,525

SPA

NISH MIXED CREDIT FACILITY

ICO (U

S$25.7M

) DOTC

25,753,878

­ 25,753,878

Maritime Safety Improvem

ent P

roject­Ph 3

ICO (U

S$7M)

DOTC

7,014,271

­ 7,014,271

Maritime Safety Improvem

ent P

roj.Ph.B

JBIC PH­P159

DOTC

60,515,413

3,432,992

57,082,421

NW Air Navigation Fa

cilities Modernization Project (3)

JBIC PH­P160

DOTC

69,268,942

1,983,564

67,285,378

Social R

eform Related Feeder P

orts Dev't. Projects

JBIC PH­P173

DOTC

62,326,862

15,832,524

46,494,338

Selected Airports (T

/L) D

ev. P

roj. Ph

.l JBIC PH­P190

DOTC

62,131,616

36,808,158

25,323,458

Maritime Safety Improvem

ent P

roj.Ph.C

JBIC PH­P208

DOTC

51,132,758

48,406,774

2,725,984

New

Iloilo Airport D

ev't. Proj.

JBIC PH­P214

DOTC

159,711,228

­ 159,711,228

Selected Airports (T

/L) D

ev. P

roj. Ph

.lI

JBIC PH­P219

DOTC

127,376,321

­ 127,376,321

Marine Disaster R

esponse & Environm

ental Protection System Proj.

JBIC PH­P232

DOTC

106,083,660

­ 106,083,660

Search & Rescue Ve

ssels Project

ANZ/EFIC (L

oan A)

DOTC

87,677,701

­ 87,677,701

Mindanao Telecommunication Development P

roj II

ITALY

II (M

ediocreditor C

entra

le)

DOTC

11,266,324

50,005

11,216,319

Telepono sa Barangay Ph

ase I

EDC 880­PHI­7

535

DOTC

24,990,000

2,261,023

22,728,977

Crash Fire Rescue III Equipt. /C. Lyonnais

FP 95­FF

8.4M

DOTC

1,777,818

­ 1,777,818

Global M

aritime Distre

ss Safety System Project

FP 97 FF

39.9M

DOTC

8,463,132

2,427,649

6,035,482

Search & Rescue Ve

ssels Project

ANZ/EFIC (L

oan B)

DOTC

21,042,648

­ 21,042,648

Maritime Safety Improvem

ent P

roject­Ph 3

Bancaja (S

MCF­Spain)

DOTC

7,014,271

­ 7,014,271

Global M

aritime Distre

ss Safety System Project

Credit A

gricole Indosuez

DOTC

1,492,192

429,957

1,062,235

Third Airports Development P

roj. (Southern Ph

il.)

ADB1536 PHI

DOTC

93,000,000

80,842,035

12,157,965

Davao International A

irport D

evelopment P

roj.

European Investment B

ank

DOTC

26,500,000

­ 26,500,000

Mindanao Telecommunication Systems Project

EDC 880­PHI­8

314

DOTC

, MTP

O

99,450,000

0 99,450,000

Telepono sa Barangay Ph

ase II

Credit C

om'l de France ­ 1

5%

DOTC

,MTP

O

6,131,155

­ 6,131,155

Telepono sa Barangay Ph

ase II

Credit C

om'l de France ­ 8

5%

DOTC

,MTP

O

34,743,214

13,090,423

21,652,791

Laguindingan Airport D

evelopment P

roj.

Export­Import Bank of Korea (P

HL­5)

DOTC

/ATO

16,069,548

­ 16,069,548

Tulay ni Pangulo sa Barangay

ECGD­Deutsche Bank Y16.6B Bila

DPW

H

180,711,020

­ 180,711,020

Tulay ng Pangulo sa SZO

PAD

ECGD­Deutsche Bank Y20.3B Bila

DPW

H

265,534,560

­ 265,534,560

Tulay Ng Pa

ngulo sa Kaunlaran Project, P

I ECGD­Duetsche Bank Y16.640B B

ila

DPW

H

180,495,506

­ 180,495,506

Widening of Gapan­San Fernando­Olongapo Road & Emergency Dredging

Export­Import Bank of Korea (P

HL­8)

DPW

H

17,077,500

­ 17,077,500

Metro Manila Traffic System/ N

. Banque

FP 95#846­OHI

DPW

H

1,032,622

­ 1,032,622

Agno & Allied Rivers Urgent R

ehab. P

roj.

JBIC PH­P155

DPW

H

90,160,264

257,446

89,902,818

Metro Cebu Devt. Proj III (Cebu South Coastal Road)

JBIC PH­P158

DPW

H

199,487,177

147,603

199,339,574

Rural Road Network Dev't. Proj. Ph

.II (N

at'l. Roads)

JBIC PH­P162

DPW

H

139,872,065

4,134,369

135,737,696

118

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le VI

NET

LOAN

IMPL

EMEN

TING

COMMITMEN

T CANCEL

LATION

COMMITMEN

T AGEN

CY

USD

USD

USD

NAME OF PR

OJE

CT BY SE

CTO

R

LOAN ACCOUNT NUMBER

Arte

rial R

oad Link Dev't Proj. P

h II

JBIC PH­P163

DPW

H

51,685,955

9,993,720

41,692,235

PJFH

Rehab & Im

provem

ent P

roject II

JBIC PH­P164

DPW

H

103,599,697

6,737,279

96,862,418

MM Interchange Construction Proj. P

h. III

JBIC PH­P165

DPW

H

31,152,584

11,456,638

19,695,946

Mt. Pinatubo Hazard Mitigation Proj.

JBIC PH­P166

DPW

H

74,963,617

2,391

74,961,226

PJFH

Mindanao Section Rehab Proj.Ph. I

JBIC PH­P174

DPW

H

83,337,501

2,413,633

80,923,868

Second MMBProj­Phase 2 and Metro Cebu Road Proj.

JBIC PH­P175

DPW

H

71,514,271

­ 71,514,271

MM Flood Contro

l Proj. & W

est of M

angahan Floodw

ay

JBIC PH­P179

DPW

H

102,081,117

4,906,030

97,175,087

Lower Agusan Dev't Project(F

lood Contro

l Com

ponent­PII)

JBIC PH­P180

DPW

H

86,548,213

7,178,106

79,370,107

MM Interchange Construction Proj. P

h. IV

JBIC PH­P186

DPW

H

63,444,103

8,165,664

55,278,439

Arte

rial R

oad Link Dev't Proj. P

h III

JBIC PH­P188

DPW

H

147,128,708

19,443,154

127,685,554

Iloilo Flood Contro

l Proj. Ph

.I JBIC PH­P192

DPW

H

4,967,926

1,293,518

3,674,408

Agno River Flood Contro

l Proj. Ph

.II­A

JBIC PH­P193

DPW

H

73,043,698

­ 73,043,698

Arte

rial R

oad Link Dev. P

roj. Ph

.lV

JBIC PH­P204

DPW

H

166,870,248

1,442,351

165,427,897

Cordillera Road Improvem

ent P

roj.

JBIC PH­P205

DPW

H

63,476,644

3,581,350

59,895,294

PJFH

Mindanao Section Rehab Proj.Ph. ll

JBIC PH­P206

DPW

H

80,636,598

9,249

80,627,349

Rehab & Maint.of B

ridges along Arte

rial R

oad Proj. P

h. IV

JBIC PH­P207

DPW

H

54,972,596

13,909,476

41,063,120

Pinatubo Hazard Urgent M

itigation Proj. P

­ll

JBIC PH­P209

DPW

H

97,764,011

14,969,402

82,794,609

Pasig­Marikina River Channel Im

provem

ent P

roj. Ph

. I

JBIC PH­P210

DPW

H

12,658,449

2,188,773

10,469,676

KAMANAVA

Flood Contro

l/Dra.Sys.Im

p.Proj.

JBIC PH­P212

DPW

H

96,852,863

­ 96,852,863

Magsaysay Bridge & Butuan City B

ypass Rd., P

II JBIC PH­P216

DPW

H

38,496,003

463,754

38,032,249

Arte

rial R

oad Link Dev.Proj. Ph

.V

JBIC PH­P217

DPW

H

89,965,018

­ 89,965,018

MM Interchange Construction Proj. P

h. V

JBIC PH­P218

DPW

H

60,124,921

57,008,637

3,116,284

Rural Road Network Development P

roj.Ph.III

JBIC PH­P220

DPW

H

67,305,635

­ 67,305,635

Agno River Flood Contro

l Proj. Ph

. II­B

JBIC PH­P223

DPW

H

30,252,283

­ 30,252,283

Laoag River Basin Flood Contro

l & SABO Proj.

JBIC PH­P224

DPW

H

68,433,723

­ 68,433,723

Arte

rial R

oad Link Dev.Proj. Ph

.VI

JBIC PH­P227

DPW

H

72,924,381

­ 72,924,381

Iloilo Flood Contro

l Proj. Ph

.II

JBIC PH­P230

DPW

H

73,651,130

­ 73,651,130

Urgent B

ridges Construction Proj.­R

ural Dev.

JBIC PH­P231

DPW

H

200,539,336

­ 200,539,336

Arte

rial R

oad Bypass Proj. P

h. I

JBIC PH­P236

DPW

H

67,500,881

­ 67,500,881

Centra

l Mindanao Road Proj.

JBIC PH­P237

DPW

H

40,318,299

­ 40,318,299

Pasig­Marikina River Channel Im

provem

ent P

roj. Ph

. II

JBIC PH­P239

DPW

H

92,514,063

­ 92,514,063

Pinatubo Hazard Urgent M

itigation Proj. P

III

JBIC PH­P241

DPW

H

164,961,176

­ 164,961,176

Sixth Road Project

JBIC­UNTIED

DPW

H

225,617,600

57,250,073

168,367,527

Mega Bridges for U

rban and Rural Dev't. Proj.

BNP PA

RIBAS JPY

DPW

H

253,904,022

­ 253,904,022

Dredging & Sanitation Works in Pasig River Phase I

FORTIS BANK­DPW

H

DPW

H

11,774,790

­ 11,774,790

Mindanao 2nd Road Improv't. Proj.

KFA

ED No. 541

DPW

H

21,294,350

1,537,371

19,756,979

Rehabilitation of W

aterways in the Pinatubo Pilot A

reas

LEONIA BANK

DPW

H

2,555,159

1 2,555,159

Mindanao Roads Im

provem

ent P

roject

Saudi Fund for D

evelopment

DPW

H

19,988,775

­ 19,988,775

Improvem

ent of N

at'l Secondary Road System

Bank of Austria Creditanstalt (213.469)

DPW

H

50,445,848

­ 50,445,848

Bridge Construction Acceleration Project for Calam

ity Stricken Areas (B

CAP)

Bank of Austria Creditanstalt

DPW

H

31,930,900

­ 31,930,900

Tulay ni Pangulo sa Barangay

ECGD­Deutsche Bank Y2.9B

Com

m'l

DPW

H

31,890,180

­ 31,890,180

Tulay ng Pangulo sa SZO

PAD

ECGD­Deutsche Bank Y4.3B

Com

m'l

DPW

H

46,859,040

­ 46,859,040

Tulay Ng Pa

ngulo sa Kaunlaran Project, P

I ECGD­Duetsche Bank Y2.936B

Com

m'l

DPW

H

31,852,148

­ 31,852,148

REHAB STE

EL BRIDGING COMPO

NENT

ECGD­Standard Charte

red Bank

DPW

H

23,609,625

­ 23,609,625

Metro Manila Traffic System/ B

. Paribas

FP 95­FF

3.2M

DPW

H

688,415

­ 688,415

Restoration/Rehab of W

aterways in Selected River Basins Nationw

ide Ph

ase I

Project

BNP PA

RIBAS

DPW

H

7,478,922

­ 7,478,922

119

Schedu

le VI

NET

LOAN

IMPL

EMEN

TING

COMMITMEN

T CANCEL

LATION

COMMITMEN

T AGEN

CY

USD

USD

USD

NAME OF PR

OJE

CT BY SE

CTO

R

LOAN ACCOUNT NUMBER

Mega Bridges for U

rban and Rural Dev't. Proj.

BNP PA

RIBAS JPY

DPW

H

44,806,592

­ 44,806,592

Fourth Road Improvem

ent P

roject (S

upp)

ADB1322 PHI

DPW

H

23,500,000

1,357,345

22,142,655

Rural W

ater Suppy & Sanitation Sector P

roj.

ADB1440 PHI

DPW

H

18,500,000

9,019,630

9,480,370

Rural W

ater Suppy & Sanitation Sector P

roj.

ADB1441 PHI

DPW

H

19,650,765

9,024,181

10,626,584

Bukidnon Integrated Area Dev't Proj.

ADB1453 PHI

DPW

H

21,309,635

18,284,323

3,025,313

Sixth Road Project

ADB1473 PHI

DPW

H

167,000,000

18,421,738

148,578,262

National R

oad Improvem

ent &

Mgt. Proj.

IBRD 7006 PH

DPW

H

150,000,000

11,779,995

138,220,005

MM Urban Transport Integration Project

IBRD 7058 PH

DPW

H

60,000,000

­ 60,000,000

National R

oads Im

provem

ent and Managem

ent P

roject 2

IBRD 7552 PH

DPW

H

232,000,000

­ 232,000,000

Zamboanga­Pagadian Road Project, 6th Road

OPE

C 0704 ­P

DPW

H

10,000,000

5,174,982

4,825,018

MM Sydney Coordinated AdaptiveTraffic System

EFIC II (1

996)

DPW

H,TEC

22,950,000

470

22,949,530

SALA

M Bridge

ECGD­Deutsche Bank Y9.6B

DPW

H/ARMM

105,193,059

­ 105,193,059

LGU's Support Credit P

rogram

JBIC PH­P195

LBP

65,862,984

41,080

65,821,904

LGU Private Infrastructure Project D

evelopment F

acility

ADB1729 PHI

LBP

3,414,039

2,997,909

416,130

Mindanao Basic Urban Services Sector P

roject

ADB1843 PHI

LBP

39,874,114

11,962,234

27,911,880

Manila Third Sew

erage Project

IBRD 7311 PH

LB

P

71,503,424

­ 71,503,424

Water Districts Development P

roject

IBRD 4228­ PH

LBP,LG

Us

36,300,000

20,290,647

16,009,353

MM Stra

tegic MRT Devt.(Line 2) P

roject , Ph

ase I

JBIC PH­P167

LRTA

268,051,064

44,750,480

223,300,584

MM Stra

tegic MRT Devt.(Line 2) P

roject , Ph

ase II

JBIC PH­P171

LRTA

285,753,368

2,568,539

283,184,829

MM Stra

tegic MRT Dev't. (L

ine 2) Project , Ph

ase III

JBIC PH­P185

LRTA

256,726,796

110,549,340

146,177,456

LRT Line I Capacity Expansion Proj. Ph

. II

JBIC PH­P211

LRTA

241,475,914

­ 241,475,914

Modernization/Upgrading of LRV for L

RT Line 1

Belgian ­ No. 14 EUR6.296M

LR

TA

8,764,728

­ 8,764,728

Modernization/Upgrading of LRV for L

RT Line 1

FORTIS BANK­LRTA

LR

TA

9,201,326

­ 9,201,326

Provincial Cities W

ater Supply IV

JBIC PH­P154

LWUA

66,502,957

45,705,283

20,797,674

Provincial Cities W

ater Supply V

JBIC PH­P181

LWUA

78,402,116

32,599,642

45,802,474

Provincial Tow

ns W

ater Supply Project I/II

KFW

4197642

LWUA

20,407,512

­ 20,407,512

Expansion & Rehab­Baguio Water System Project

EFIC $14.8M

LWUA

14,800,000

­ 14,800,000

Small Tow

ns W

ater Supply Sect P

roj.

ADB1472 PHI

LWUA

50,000,000

25,197,675

24,802,325

Umiray­Angat Transbasin Project

ADB1379 PHI

MWSS

92,000,000

4,222,722

87,777,278

MWSS New

Water Source Development P

roject

ADB2012 PHI

MWSS

3,260,000

2,071,470

1,188,530

Manila Second Sew

erage Project

IBRD 4019­ PH

MWSS

57,000,000

21,933,260

35,066,740

Water Districts Development P

roject

IBRD 4227­ PH

MWSS,LGUs

2,300,000

334,323

1,965,677

Northrail Project P

hase I, Section 2 (M

alolos­Clark)

Eximbank of C

hina

NLR

C

500,000,000

­ 500,000,000

North Luzon Railways Project

Eximbank of C

hina

NLR

C

400,000,000

­ 400,000,000

Mindanao Po

wer Transmission Project

Export­Import Bank of Korea (P

HL­2)

NPC

6,561,555

606,069

5,955,486

Luzon Transm

ission Line & Substation Project

Export­Import Bank of Korea (P

HL­3)

NPC

8,593,398

­ 8,593,398

Improvem

ent in Po

wer Grid Proj.

JBIC PH­P161

NPC

24,123,728

9,303,499

14,820,229

Leyte­Bohol Interconnection

JBIC PH­P177

NPC

87,708,842

4,199,353

83,509,489

Luzon Grid Transmission Projects Asso. W

ith Private Po

wer Projects(Ilijan

Gereenfield & Casecnan Hydropower Asso. Transmission Line)

JBIC PH­P178

NPC

162,401,284

61,943,886

100,457,398

Sucat­Balintawak T/L & Substations

KFW

No. 11#9687068

NPC

10,647,398

­ 10,647,398

Masinloc­Labrador Pow

er Project

KFW

No. 13 #335937/335988

NPC

35,561,092

3,831,846

31,729,245

Energy Sector P

rogram

II

KFW

No. 14 #335996

NPC

21,791,674

2,838,180

18,953,494

North Luzon Transmission Project

ADB1398 PHI

NPC

244,000,000

82,320,987

161,679,013

Leyte­Mindanao Interconnection Eng'g. P

roj

ADB1474 PHI

NPC

5,347,000

435,162

4,911,838

Power Transmission Reinforcement P

roj.

ADB1590 PHI

NPC

191,400,000

145,623,207

45,776,793

Power Sector R

estru

cturing Program

ADB1662 PHI

NPC

300,000,000

­ 300,000,000

120

Schedu

le VI

NET

LOAN

IMPL

EMEN

TING

COMMITMEN

T CANCEL

LATION

COMMITMEN

T AGEN

CY

USD

USD

USD

NAME OF PR

OJE

CT BY SE

CTO

R

LOAN ACCOUNT NUMBER

Electricity Market &

Transmission Development P

roj.

ADB1984 PHI

NPC

40,000,000

­ 40,000,000

Transm

ission Grid Reinforcement P

roject (C

urr. Po

ol Ln.)

IBRD 3996­ PH

NPC

33,902,427

­ 33,902,427

Transm

ission Grid Reinforcement P

roject(Floating Rate Single Curr. Ln.)

IBRD 3996­A PH

NPC

98,603,561

65,220,496

33,383,064

Transm

ission Grid Reinforcement P

roject(Floating Rate Single Curr. Ln.)

IBRD 3997­ PH

NPC

150,000,000

34,887,494

115,112,506

Bicol Pow

er Restoration Project

IBRD 4887 PH

NPC

12,940,000

­ 12,940,000

Modern Gov't. New

s/N. B

anque

FP 98­EUR .741M #960­OAI

OPS

1,028,965

­ 1,028,965

Modern Gov't. New

s/N. B

anque

FP 98­EUR 3.4M #960­OAI

OPS

4,579,533

80,580

4,498,953

Modern Gov't New

s/B. P

aribas

FP 98­EUR .774M

OPS

1,074,651

­ 1,074,651

Modern Gov't New

s/B. P

aribas

FP 98­EUR 3.4M

OPS

4,802,556

80,581

4,721,976

Mindanao Container Terminal Proj.

JBIC PH­P213

PHIVIDEC

89,661,302

10,951

89,650,351

Northern Negros Geothermal Project

JBIC PH­P176

PNOC

156,847,620

42,839,567

114,008,053

Northern Luzon Wind Po

wer Project

JBIC PH­P233

PNOC­EDC

63,530,879

­ 63,530,879

South Manila Com

muter Rail Project

Export­Import Bank of Korea (P

HL­7)­

EDCF

PNR

35,000,000

­ 35,000,000

South Manila Com

muter Rail Project

Export­Import Bank of Korea (P

HL­7)­

KEXIM

PNR

24,393,939

­ 24,393,939

Batangas Po

rt Devt P

roj Phase II (E

ng'g Services)

JBIC PH­P172

PPA

9,501,972

4,047,133

5,454,839

Batangas Po

rt Development P

roj. (Phase II)

JBIC PH­P187

PPA

157,878,085

2,765,876

155,112,209

Metro Iligan Regional Infrastructure Dev. P

roj.

JBIC PH­P191

Provl G

ov't­LD

N

30,718,308

­ 30,718,308

Subic Bay Port D

evelopment P

roject

JBIC PH­P215

SBMA

178,433,150

­ 178,433,150

Second Subic Bay Freeport P

roject(Floating Single Rate Curr.L

oan)

IBRD 4111­ PH

SBMA

60,000,000

34,471,996

25,528,004

Social Reform and

Com

mun

ity Develop

men

t 1,772,657,518

146,150,590

1,626,506,927

ARMM Social Fund for P

eace & Dev. P

roj.

JBIC PH­P235

ARMM

26,792,090

­ 26,792,090

ARMM Social Fund Proj.

IBRD 7153 PH

ARMM Soc. F

und

Mgt. O

ffice

33,600,000

­ 33,600,000

Social E

xpenditure Managem

ent P

rog.

IBRD 4535 PH

DBM

100,000,000

68,157

99,931,843

Second Social E

xpenditure Managem

ent P

rog.

IBRD 7118 PH

DBM

100,000,000

­ 100,000,000

Fund forTechnical Education & Skills Development P

roj.

ADB1751 PHI

DBP

23,502,195

13,283,559

10,218,636

Development of P

oor U

rban Com

munity Sector P

roj.

ADB2063 PHI

DBP

35,996,339

­ 35,996,339

Third Elementary Education Project

JBIC PH­P184

DECS

120,640,334

16,931,749

103,708,585

Secondary Education Development. & Im

prov.Proj.

JBIC PH­P200

DECS

78,206,870

­ 78,206,870

Secondary Education Development. & Im

prov.Proj.

ADB1654 PHI

DECS

53,000,000

17,434,000

35,566,000

Third Elementary Education Project

IBRD 4108 PH

DECS

113,400,000

31,629,320

81,770,680

National Program

Support for B

asic Education Project

IBRD 7393 PH

DECS

200,000,000

­ 200,000,000

Trophy Radiology­Upgrading Radio'l. I

FP 95#846­OD1 FP

VIII(a)

DOH

5,079,479

­ 5,079,479

Upgrading of E

. Rodriguez Mem

orial H

ospital

FP 95#846­OEI F

P IX(b)

DOH

5,079,479

­ 5,079,479

Trophy Radiology­Upgrading Radio'l. II

FP 97#908­OC1 FP

VIII(b)

DOH

7,631,918

­ 7,631,918

Medical Equipment &

Services for Z

amboanga City Medical Center

ICO (U

S$4.3M)

DOH

4,398,147

­ 4,398,147

Supply of W

aste Disposal Facilities, Med. E

quipment etc.

Bank of Austria Creditanstalt (212.060)

DOH

20,164,214

­ 20,164,214

Upgrading of D

OH Hospital

Bank of Austria Creditanstalt (216.437)

DOH

43,383,429

­ 43,383,429

Medical Equipment &

Services for Z

amboanga City Medical Center

Banco Bilbao Vizcaya (U

S$4.3M)

DOH

4,398,147

­ 4,398,147

Upgrading of E

. Rodriguez Mem

orial H

ospital

FP 95­FF

13.5M

DOH

2,868,853

­ 2,868,853

Trophy Radiology­Upgrading Radio'l. I

FP 95­FF

16.0M

DOH

3,386,320

2,291

3,384,028

Trophy Radiology­Upgrading Radio'l. II

FP 97 FF

60.1M

DOH

5,087,945

­ 5,087,945

Dev. of S

ub­Speciality Capabilities for H

eart, Lung & Kidney Pa

tients

ING Bank N.V. (Netherlands)

DOH

20,267,633

­ 20,267,633

Waste W

ater Treatment P

lants for D

OH Hospitals

Raiffeissen Ze

ntralbank Osterreich

Aktiengeselschaft I

DOH

20,911,116

­ 20,911,116

121

Schedu

le VI

NET

LOAN

IMPL

EMEN

TING

COMMITMEN

T CANCEL

LATION

COMMITMEN

T AGEN

CY

USD

USD

USD

NAME OF PR

OJE

CT BY SE

CTO

R

LOAN ACCOUNT NUMBER

Wom

en's Health & Safe Motherhood Proj.

ADB1331 PHI

DOH

56,681,936

22,983,970

33,697,966

Integrated Com

munity Health Services Project

ADB1396 PHI

DOH

27,174,984

7,069,011

20,105,973

National S

ector S

upport for H

ealth Reform Projects

IBRD 7395 PH

DOH

110,000,000

­ 110,000,000

Health Sector D

evelopment P

rogram

ADB2136 PHI

DOH, P

hilhealth

200,000,000

­ 200,000,000

Health Sector D

evelopment P

roject

ADB2137 PHI

DOH,LGUs

13,000,000

­ 13,000,000

Wom

en's Health & Safe Motherhood Proj.

IBRD 3852 PH

DOH,LGUs

34,695,982

23,117,520

11,578,463

Second Wom

en's Health & Safe Motherhood Proj.

IBRD 7290 PH

DOH,LGUs

16,000,000

­ 16,000,000

Health Sector R

eform Project

KFW

DOH/MDFO

13,883,000

­ 13,883,000

Early Childhood Development P

roj.

ADB1606 PHI

DSWD

15,700,000

2,272,017

13,427,983

Early Childhood Development P

roj.

ADB1607 PHI

DSWD

9,991,731

1,534,041

8,457,691

Early Childhood Development P

roj.

IBRD 4301 PH

DSWD

19,000,000

1,683,931

17,316,069

Kapit­Bisig sa Kahirapan­Com

prehensive & Integrated Delivery Of S

ocial S

ervice­

CIDSS

IBRD 7147 PH

DSWD

100,000,000

­ 100,000,000

SZO

PAD Social Fund Project

OPE

C 0799­P

OP

10,000,000

2,799,053

7,200,947

Upgrading of P

hilippine Merchant M

arine Academy

KFW

/EURO No. 3961971

PMMA

8,092,022

­ 8,092,022

Upgrading of P

hilippine Merchant M

arine Academy

KFW

/EURO No. 4306551

PMMA

10,363,467

­ 10,363,467

SZO

PAD Social Fund Project

IBRD 4300 PH

SZO

PAD Social

Fund Mgt. O

ffice

10,000,000

103,748

9,896,252

Expansion of D

ual E

ducation & Training

KFW

#3945906/200066412

TESDA

10,256,993

­ 10,256,993

Development of C

enters of E

xcellence in Modern Manufacturing Technology

ERSTE

(Austria)

TESDA

25,222,924

­ 25,222,924

Technical E

ducation & Skills Development P

roj.

ADB1750 PHI

TESDA

25,000,000

3,739,000

21,261,000

Technical E

ducation & Skills Development P

roj.

Nordic Development F

und Cr. No. 331

TESDA

9,241,620

1,499,225

7,742,395

Technical E

ducation & Skills Development P

roj.

OPE

C 0841­P

TESDA

7,000,000

­ 7,000,000

Upgrading of the Medical Equipment of D

EMS of P

GH

ICO (U

S$6.7M)

UP/PG

H

6,779,175

­ 6,779,175

Upgrading of the Medical Equipment of D

EMS of P

GH

Banco Bilbao Vizcaya (U

S$6.7M)

UP/PG

H

6,779,175

­ 6,779,175

TOTA

L ODA LOANS (US$

) 24,392,473,708

2,672,840,805

21,719,632,903

TOTA

L ODA LOANS (PHP)

1,162,228,194,767

127,352,845,821

1,034,875,348,946

REC

APITU

LATION:

NET

LOAN

NO. O

F LO

ANS

COMMITMEN

T CANCEL

LATION

COMMITMEN

T

Agriculture,Natural Resou

rces and

Agrarian Reform

81

4,446,600,327

387,136,933

4,059,463,394

Gov

erna

nce an

d Institu

tion Develop

men

t 13

2,781,031,600

589,624,240

2,191,407,360

Indu

stry, T

rade

and

Tou

rism

21

1,611,481,615

29,481,498

1,582,000,117

Infrastruc

ture

168

13,780,702,648

1,520,447,543

12,260,255,105

Social Reform and

Com

mun

ity Develop

men

t 46

1,772,657,518

146,150,590

1,626,506,927

329

24,392,473,708

2,672,840,805

21,719,632,903

122

V. ACRONYMS

AAR Annual Audit Report ADB Asian Development Bank AGDB Authorized Government Depository Bank AOs Accountable Officers APP Annual Procurement Plan ARCAP Agrarian Reform Communities Project ARISP II Agrarian Reform Infrastructure Support Project, Phase II ARISP III Agrarian Reform Infrastructure Support Project, Phase III ARMM Autonomous Region in Muslim Mindanao ATO Air Transportation Office BAC Bank Austria Creditanstalt BAC Bids and Awards Committee BBV Banco Bilbao Vizcaya BCDA Bases Conversion Development Authority BEIP Boracay Environmental Infrastructure Project BIPP II Bohol Irrigation Project, Phase ll BIR Bureau of Internal Revenue BOC Bureau of Customs BPIP Banaoang Pump Irrigation Project BRISRIP Bago River Irrigation System Rehabilitation and Improvement Project BRSs Bank Reconciliation Statements BSP Bangko Sentral ng Pilipinas BSPMC Barangay Sub­Project Management Committee BTr Bureau of the Treasury BWSS Boracay Water System and Sewerage CAMC China National Construction and Agricultural Machinery Import and Export Corporation CAN Collective Negotiation Agreement CBRMP Community Based Resources Management Project CENRO Community Environment and Natural Resources Officers CENTEX Centers of Excellence CEXIM Export­Import Bank of China CIP Construction In Progress CIPLC Construction in Progress Ledger Cards CLC Customer’s Ledger Cards CMIPP Casecnan Multi­purpose Irrigation & Power Project COA Commission on Audit COB Corporate Operating Budget CSB Certificate of Settlement and Balances CSF Container Service Fee CY Calendar Year DA Department of Agriculture DAR Department of Agrarian Reform DARPO Department of Agrarian Reform Provincial Officers DBM Department of Budget and Management DBP Development Bank of the Philippines DCEMMT Development of Centers of Excellence in Modern Manufacturing Technology DENR Department of Environment and Natural Resources DepEd Department of Education DILG Department of Interior and Local Government DOF Department of Finance DOF­MDFO Department of Finance­Municipal Development Fund Office DOH Department of Health DOT Department of Tourism DOTC Department of Transportation and Communications DPWH Department of Public Works and Highways DSWD Department of Social Welfare and Development

ACRONYMS

123

DTI Department of Trade and Industry ECGD Exports Credits Guarantee Department of England EDC Export Development Corporation EFIC Export Finance Insurance Corporation FLAMP First Land Administration and Management Project FP French Protocol GAA General Appropriations Act GAAM Government Accounting and Auditing Manual GAFMIS Government Accountancy and Financial Management Information System GE Government Equity GF General Fund GMDSSP Global Maritime Distress Safety System Project GOCCs Government Owned and/or Controlled Corporations GOP Government of the Philippines GPPB Government Procurement Policy Board GSIS Government Service Insurance System HCAAP Help for Catubig Agricultural Advancement Project HSDP Health Sector Development Project IA's Implementing Agencies IBRD International Bank for Reconstruction and Development ICO Instituto de Crédito Oficial ICS Inventory Custodian Slip IFAD International Fund for Agricultural Development IIRUP Inventory and Inspection Report of Unserviceable Property IRR Implementing Rules and Regulations ISAPHIL Irrigation Superintendents Association of the Philippines ISF Irrigation Service Fee IT Information Technology JBIC Japan Bank for International Cooperation JEV Journal Entry Voucher KALAHI­CIDSS Kapit­Bisig Laban sa Kahirapan­Comprehensive and Integrated

Delivery of Social Services Project KEXIM Export­Import Bank of Korea KFAED Kuwait Fund for Arab Economic Development KFW Kreditanstalt für Wiederaufbau LBP Landbank of the Philippines LGFDP Local Government Finance and Development Project LGUs Local Government Units LLDA Laguna Lake Development Authority LRTA Light Rail Transit Authority MBUSSP Mindanao Basic Urban Services Sector Project MCT Municipal Coordinating Team MCTP Mindanao Container Terminal Project MDFO Municipal Development Fund Office MDS Modified Disbursements System MFCR Monthly Fuel Consumption Report MINSSAD Mindanao Sustainable Settlement Area Development MLU Manila Liaison Unit MOOE Maintenance and Other Operating Expenses MPA Mutual Partnership Agreement MROT Monthly Report of Official Travel MSIP Maritime Safety Improvement Project MWSS Metropolitan Waterworks and Sewerage System NBC National Budget Circular NBM National Budget Memorandum NCAA Non­Cash Availment Authority NEDA National Economic Development Authority

124

NG National Government NGAs National Government Agencies NIA National Irrigation Administration NLRC North Luzon Railway Corporation NMCIRMP Northern Mindanao Community Initiative and Resource Management Project NPC National Power Corporation NPSBEP National Program Support to Basic Education Project NPS­ENRMP National Program Support to Environment and Natural Resources Management Program NPSTARP National Program Support for Tax Administration Reform Project NSSHRP National Sector Support for Health Reform Projects ODA Official Development Assistance OFID OPEC Fund for International Development OPEC Organization of the Petroleum Exporting Countries PAR Property Acknowledgement Receipt PCO Project Coordinating Office PENRO Provincial Environment and Natural Resources Office PEZA Philippine Economic Zone Authority PNR Philippine National Railways PO Purchase Order PPA Philippine Ports Authority PPE Property, Plant and Equipment PPIO Provincial Project Implementation Office PRRC Pasig River Rehabilitation Commission PTA Philippine Tourism Authority RATA Representation and Transportation Allowance RCI Report of Checks Issued RCPPE Report on the Physical Count of Property, Plant and Equipment RMEPP Rural Micro­Enterprise Promotion Programme RO Regional Office RPC Real Property Card RPMT Regional Project Monitoring Team SBGFC Small Business Guarantee and Finance Corporation SBMA Subic Bay Metropolitan Authority SCTEP Subic­Clark­Tarlac Expressway Project SEZEMP Special Economic Zones Environmental Management Project SL Subsidiary Ledger SLAMP Second Land Administration and Management Project SO Special Order SPISP Southern Philippines Irrigation Sector Project SPOTS II Solar Power Technology Support to ARC, Phase II SSARO Sub­Special Allotment Release Order SWHSMP Second Women's Health and Safe Motherhood Project TESDA Technical Education and Skills Development Authority TESDP Technical Education and Skills Development Project TF Trust Fund TOR Terms of Reference TRB Toll Regulatory Board TSB Telepono sa Barangay US PL480 U.S. Public Law 480 VAT Value Added Tax WB World Bank WFP Work and Financial Plan

125