Dizon said 51 projects amounting to P3.3 trillion were ongoing and will be finished by 2023 and beyond. These are in various stages of implementation, such as detailed engineering and design preparation, procurement, budgeting and financing, or undergoing actual construction.
• The P735.7-billion New Manila International Airport in Bulacan, which will be financed by conglomerate San Miguel Corp. through public-private partnership .• The P356.9-billion Metro Manila Subway Project Phase 1 financed by loan from Japan.• The P149.1-billion North-South Commuter Railway between Tutuban, Manila, and Malolos, Bulacan.
In the case of airport projects, these could include construction of a new runway or repavement, or a terminal expansion, in the 40 commercial airports around the country.Rates of return The economic team back in 2017 chose an initial 75 flagship projects, which were expected to create the biggest number of jobs and would add more value to the economy.
Dizon noted that in 2001 to 2010, the government spent an average of only P100.3 billion on infrastructure, equivalent to a mere 1.6 percent of gross domestic product .
'..Dizon said 11 of these flagship projects, worth P126.7 billion, were already completed...' When you finished only 11 in 5 years, it's impossible to finish 29 in 1 year. Simple logic.
e di magpapresscon k pag natapos na, puro k kwento
More like Grab, Grab, Grab or Claim, Claim, Claim? 🤡🐶👊🇨🇳
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: ABSCBNNews - 🏆 5. / 83 Read more »
Source: ANCALERTS - 🏆 26. / 50 Read more »
Source: cebudailynews - 🏆 8. / 71 Read more »
Source: manilabulletin - 🏆 25. / 51 Read more »
Source: cebudailynews - 🏆 8. / 71 Read more »
Source: rapplerdotcom - 🏆 4. / 86 Read more »