SENATOR Ferdinand Marcos Jr. wants the proper Senate committee to look into the reported delays in the construction of foreign-assisted infrastructure projects that could have boosted economic growth had they been completed on time.
Marcos, who chairs the Senate committee on public works, filed resolution 1627 calling for an inquiry in a bid to find out the status of foreign-assisted projects that include the construction of bridges, roads, irrigation systems, and flood risk management.
This year, the Department of Public Works and Highways (DPWH) allocated P23 billion as counterpart capital for foreign-assisted projects.
“There are reports that a number of these foreign-assisted infrastructure projects have incurred delays in their completion and implementation due to technical and administrative problems,” the senator said.
These projects have partial fundings from the World Bank-International Bank for Reconstruction and Development (WB-IBRD), Japan International Cooperation Agency (JICA), Korea Economic Development Cooperation Fund (EDCF), Asian Development Bank (ADB), and United States Agency for International Development (USAID); and countries like Australia, Austria, France, Spain, China, Saudi Arabia.
“It is crucial to scrutinize the cause of the setback in the execution of these foreign-assisted ventures and address the issue forthwith in order to foster transparency and accountability in these undertakings,” Marcos said.