June 7, 2015
Capitol exhausts funds for infra
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THE Cebu Provincial Government has spent most of its development fund for infrastructure.
The Capitol released P171.3 million for road rehabilitation, construction of buildings and other structures, water system, electrification and procurement of heavy equipment
units.
The amount is 70.9 percent of the P241.5-million development fund under the Office of the Governor.
The P241.5 million was spent from 2014 to March 2015.
The development fund is 20 percent of Capitol’s Internal Revenue Allotment.
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