• Infra devt to address unemployment – Marcos

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    Senator Ferdinand “Bongbong” R. Marcos Jr. said the next administration should focus on infrastructure development to address the unemployment problem and the impending exodus of Overseas Filipino Workers (OFWs) from the Middle East.

    Marcos said the implementation of foreign-assisted projects, especially those funded by the Korea International Cooperation Agency (KOICA), World Bank, International Monetary Fund, Asian Development Fund, and Asian Infrastructure Investment Fund would be a good start.

    “A number of these foreign-assisted infrastructure projects have incurred delays in their completion and implementation due to technical and administrative problems. Steps should be initiated in resolving the projects’ backlog,” he said.

    These foreign-assisted ventures involve the construction of bridges, roads, irrigation systems, flood risk management, and other big ticket projects.

    “Infrastructure development is a good way to boost the economy, address the unemployment problem and the impending arrival of our OFWs displaced from the Middle East and elsewhere,” Marcos pointed out.

    He said the government should be thinking about alternative measures for workers who have been displaced or for those who will not be given a chance to work abroad.

    “The sad thing about it is that we are always looking for opportunities elsewhere, but very seldom have Pinoy skilled workers simply just looked around and found opportunities to exercise their skills in their homeland,” the senator said.

    “If our government can provide growth opportunities here, in the Philippines, I am sure that our skilled workers will be the missing link to catapult our economy to its full potential. As it stands, other countries benefit from their skills because our government does not see what they can do for the country,” Marcos said.

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    2 Comments

    1. matinong pinoy on

      Foreign assisted projects are not FREE, is it? When these agencies lend money, they expect their investment to be paid back with certain percentage of interest. These agencies are confident enough to invest their money for the building of infrastructures in the country because they have the government guarantee, to pay the loans plus the percentage that both parties have agreed upon.

      Why not use the PDAF money, instead of borrowing money from foreign agencies with interest? Secondly, legislate laws on accountability and responsibility. Other countries, such as the U.S. have developed a system that cannot be manipulated by anybody either in construction of bridges or roads or acquisition field where government agency can purchase multi-million Dollars worth of services and / or equipment. No cash money involved on these transactions, but the money collections will be deposited to the bank account of the company or whoever have the contract. Paper works normally go to 8 different places in a Finance and accounting center that have the responsibility to make payments to the contractors.

      Putting people to work will boost the economy, and this is a very true concept. The government has the responsibility to pump money into the economy, and I think the government have enough money and resources to do this.

      • If you build infrastructures and disperse them equally to all provinces with potentials, you need more than just the PDAF or whatever available fundings. You need to train people and fill the infrastructures with machineries. The Philippines need to run the $2 billions now worth $10+ billions Bataan Nuclear Plant to play an integral role as a power source.