Golden age of infrastructure: 64 big-time projects eyed by Duterte gov’t

Duterte administration eyed 64 
big ticket projects ranging from major road networks, railway systems and bus rapid transit systems to airport and seaport modernization.

It is part of the government “Build, Build, Build,” projects and aims aims to have the “golden age of infrastructure” under President Duterte, according to the Department of Finance.

Another 15 ongoing projects are being implemented by the Department of Public Works and Highways (DPWH) that are either locally funded, with Official Development Assistance (ODA), or through Public-Private Partnership (PPP) projects.

According to DPWH Secretary Mark Villar, all these projects will significantly boost growth and raise productivity and competitiveness.

The Department of Budget and Management (DBM) projects the national government to raise the infrastructure budget from P552 billion to P1.470 trillion by 2022, or from 3.5 to 5.7 percent of the Gross Domestic Product (GDP).

In the same period, the total infrastructure budget–both national and local–is projected to grow from P861 billion in 2017 to P1.832 trillion by 2022, or from 5.4 to 7.1 percent of GDP.

“The significant increase in the infrastructure budget will be used to fund ongoing and proposed major infrastructure projects, which are vital for sustaining high and inclusive growth,” Villar said.

The 64 projects for implementation or in the pipeline are broken down as follows: 20 involving road construction and improvements; two involving bridge construction and reinforcements; four flood control projects; two dams; one road transport IT infrastructure project; 23 involving rail systems; seven airport development projects; two transport terminals; and three bus rapid transit systems.

Source: Interaksyon, Eagle news

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