The forum showed the administration’s development plans and the ambitious infrastructure program that will be rolled out in the next six years – anchored on the president’s 10-point socioeconomic agenda that seeks to speed up inclusive growth and transform the economy into one that is also pro-poor. 4th on the President's agenda is the acceleration of Infrastructure spending.
The economic blueprint – with its massive and very ambitious $160-billion infrastructure plan over the next six years – looks very promising. In the plan, there are 64 big-ticket infrastructure projects in the works.
Here are 15 projects that can jump-start the Philippines into a world-class economy:
1. BGC to Ortigas Road Link Project
6. Manila-Clark Railway
Guaranteed ONE HOUR from Metro Manila to Clark International Airport
7. Metro Manila Bus rapid Train system
The Metro Manila Bus Rapid Transit (BRT) - Line 1 Project spans 12.3 kilometers from Quezon Memorial Circle (QMC) to Manila City Hall via Elliptical Road, Quezon Avenue, and Espana Boulevard. It is expected to serve 291,500 passengers daily in its first year of operations.
In his 10-point Socioeconomic Agenda, President Rodrigo Duterte envisioned the reduction of poverty from 21.6% in 2015 to 13%-15% by 2022.
The acceleration of infrastructure and the development of industries will yield robust growth across the archipelago, create jobs and uplift the lives of Filipinos.
Infrastructure is among the top priorities of this Administration with public spending on infrastructure projects targeted to reach 8-9 trillion pesos from 2017-2022.
sources: Blogwatch, Build.gov.ph
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