NEDA: 2022 infra target hinges on 55 projects

The Duterte administration may achieve its 7.4 percent target ratio of infrastructure spending-to-gross domestic product (GDP) by the last year of its term if it could complete most and at least launch some of its 55 flagship projects, the socio-economic planning body said.

The government of President Rodrigo Duterte targets P8 trillion to P9 trillion of infrastructure spending for the duration of his six-year term to mid-2022. Annually, that would also mean an average of about P1.5 trillion spending on infrastructure.