EXTENDING THE TERM OF THE CENTRAL VISAYAS WATER AND SANITATION PROJECT-PROJECT MANAGEMENT UNIT

WHEREAS, the CVWSP-PMU shall operate from the date of effectivity of the
Executive Order No. July 12, 1993 to the project completion date of April 30,
1996 as prescribed in the Memorandum of Understanding signed between the
respective governments of the Republic of the Philippines and Australia
relative to the CVWSP;

WHEREAS, a one year extension is required to complete all projects under the
CVWSP;

WHEREAS, the Government of Australia has agreed to extend its funding
support to CVWSP to April 30, 1997;

WHEREAS, the Central Visayas Regional Development Council has also approved
the proposal to extend for one year, including a six month winding-up period,
the CVWSP-PMU until the completion of ongoing projects;

NOW, THEREFORE, I, FIDEL
V. RAMOS, President of the Philippines, by
virtue of the powers vested in me by law, do hereby order:

SECTION 1. The term of the Central Visayas Water and Sanitation
Project-Project Management Unit (CVWSP-PMU) is hereby extended to December 31,
1997 to allow the completion of projects under CVWSP.

SEC. 2. Subject to such coordinative, directorial, management and budgetary
guidelines/issuances as may be promulgated by the Central Visayas Regional
Development Council, the CVWSP-PMU and its Project Governing Committee shall
continue to operate and perform its mandated tasks, functions and
responsibilities in accordance with applicable provisions of Executive Order
No. 108.

SEC. 3. This Executive Order shall take effect immediately.

DONE in the City of Manila, this 17th day of April in the year of
Our Lord, Nineteen Hundred and Ninety-Six.

(Sgd.) FIDEL
V. RAMOS
President of the Philippines

By the President:

(Sgd.) RUBEN D. TORRES
Executive Secretary