Section 4Sec./Art. 4

Section 4 of the same Act is hereby amended to read as follows:

"Section 4.Priority Projects. All concerned government agencies, including government-owned and controlled corporations and local government units, shall include in their development programs those priority projects that may be financed, constructed, operated and maintained by the private sector under the provisions of this Act. It shall be the duty of all concerned government agencies to give wide publicity to all projects eligible for financing under this Act, including publication in national and, where applicable, international newspapers of general circulation once every six (6) months and official notification of project proponents registered with them.

"The lists of all such national projects must be part of the development programs of the agencies concerned. The list of projects costing up to Three hundred million pesos (₱300,000,000) shall be submitted to the ICC of the NEDA for its approval and to the NEDA Board for projects costing more than Three hundred million pesos (₱300,000,000). The list of projects submitted to the ICC of the NEDA Board shall be acted upon within thirty (30) working days.

"The list of local projects to be implemented by the local government units concerned shall be submitted for confirmation to the municipal development council for projects costing up to twenty million pesos; those costing above twenty up to fifty million pesos to the provincial development council; those costing up to fifty million pesos to the city development council; above fifty million up to two hundred million pesos to the regional development councils; and those above two hundred million pesos to the ICC of the NEDA."