A major infrastructure project is being constructed in Catubig, Northern Samar called the Help of Catubig Agricultural Advancement Project. It is a 2.97-billion peso project funded by Japan. NEDA said cost for the Help of Catubig Agricultural Advancement Project, funded by the Japan Bank for International Cooperation, has been raised from the old amount of P2.48 billion. Its implementation has been extended from June 30, 2007 to June 30, 2010.
The National Irrigation Administration (NIA), the lead agency implementing the project, and Northern Samar Gov. Raul Daza sought the adjustment and extension due to increase in the prices of materials, diesel and gasoline as well as costs of labor and rental of various equipment.
The inter-agency Investment Coordination Committee-Cabinet Committee has approved the cost adjustment and time extension on the condition that additional project cost shall be financed through local funds within the Department of Agriculture, NIA, Department of Public Works and Highways and Department of Health budget ceilings and subject to the issuance of Department of Budget certified funding strategy for Help of Catubig Agricultural Advancement Project (HCAAP).