A lawmaker said on Monday the reconstruction of the Bicol Express rail line of the Philippine National Railways will be a “game changer” that would accelerate economic growth in South Luzon, create highly skilled jobs in the railways sector, and open hundreds of thousands of employment opportunities for Bicolanos.
Yamsuan said the project would require highly skilled railway engineers and other technology-savvy workers, as the administration of Ferdinand R. Marcos Jr. is bent on implementing the project with modern freight infrastructure and world-class passenger rail services along its route. According to estimates by the Chinese Embassy when the reconstruction of the Bicol Express was being considered for funding by China, the P142 billion project would create “over 10,000 direct construction jobs each year and hundreds of thousands of jobs in related areas.”
The National Economic and Development Authority estimates that for every peso spent, an infrastructure yield benefit of another P1.27 could be realized. Also, every job created in the infrastructure sector generates a multiplier effect of 0.5 jobs.
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