NVizcaya allocates P60M for education programs, projects
by Ben Moses Ebreo
Bayombong, Nueva Vizcaya (January 5) — The provincial government here has allocated some P60 million to pursue its programs, projects and activities in a bid to raise the quality of education in this province.
The P60 million was shelled out from the P150 million share of the provincial government from the P750 million payment of the Casecnan Water and Energy Company (CWEC), contractor of the $10.5 million Casecnan Multi-Purpose Irrigation and Power Project (CMIPP) in Alfonso Castaneda town.
The amount represents the past and previous tax payments of the company from its real properties since the start of its operation in 2000.
The town of Alfonso Castaneda also got its 40-percent share from the P750 million real property tax payment.
CMIPP which was built under Build-Operate-Transfer (BOT) scheme seeks to augment irrigation needs of farmers in Central Luzon and provide additional 100 Mega watts of power for the Luzon grid.
The project siphons waters from the Casecnan and Taang rivers in Nueva Vizcaya through a 36-kilometer diversion weirs to the Pantabangan dam in Nueva Ecija. (PIA NVizcaya)


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