Manila, Jan. 14 -- The Department of Agriculture (DA) on Wednesday said the PHP500-million cold storage facility being constructed in Camarines Sur will help boost food security in the Bicol region.

In a statement Wednesday following the inspection of the facility, Agriculture Secretary Francisco Tiu Laurel Jr. said the game-changing project will help stabilize food supply and increase farmers' profit.

"This investment strengthens food security, creates jobs, attracts agri-investments, and - most importantly - raises incomes of farmers, fishers, and everyone in the agriculture value chain across Bicol and neighboring regions," he said.

The cold storage facility will include six refrigerated warehouses with a combined 2,688 pallet posit...