6th Business Forum – Philippine Infrastructure

 

 

Earlier this year, the Duterte administration launched its legacy initiative, “A Golden Age of Infrastructure,” marked by a mantra to “Build Build Build.” The initiative is backed by a budget that could go up to P9 trillion, with the objective of creating jobs and unlocking growth across the archipelago.

Based on the latest data from the National Economic and Development Authority (NEDA), 17 infrastructure projects worth P392.93 billion have been approved by the government for implementation. Twelve of these projects were inherited from previous administrations. Those approved by the present NEDA Board are just a handful, compared with what are currently being prepared for implementation in the next few years.

Looking past the fanfare of its launch, how do the stakeholders view the Duterte government’s infrastructure plan and its implementation?

How will this “Build, Build, Build” strategy impact the Philippines’ economic growth? How committed is the Duterte administration in seeing the projects through with minimal Public-Private Partnership participation? Will these big-ticket infrastructure projects solve the problems of traffic congestion, inadequate transport facilities, air pollution and the lack of healthy, green liveable community space in the urban centers across the country?


The Manila Times continues its public discourse with the nation as it tackles the “Build Build Build” strategy of the Duterte administration at its 6th Business Forum on August 18 at the Marriott Hotel.

 

 

SPEAKERS

 

 

HOST

 

 

 

 
 

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WASHINGTON: A hollowing out of the middle class in advanced economies like the US, amid weak wage growth and rising inequality, is holding back global growth, a senior IMF official said Monday. Tao Zhang, the International Monetary Fund’s deputy managing director, said the fund’s economic growth forecasts due out next…

J. ALBERT GAMBOA

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The Association of Southeast Asian Nations (Asean) commemorated its 50th anniversary this month through simultaneous celebrations across the regional bloc’s 10 member states. With the Philippines as this year’s Asean chair, 50 key cities and municipalities in the country joined the golden jubilee festivities. The kickoff event was the unveiling…

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Private sector infrastructure initiatives should not be disregarded as the Duterte administration pursues its “Build, Build, Build” program, a businessman said during The Manila Times 6th Business Forum on Friday. “The value for the money is there for a public-private partnership but the greater value is in unsolicited proposals,” said…

EDITORIAL

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As a malnourished child experiences stunted development, so does a nation deprived of infrastructure investment suffer stymied economic growth. That is why the Build, Build, Build program of the government to pave the way for the nation to reach the Golden Age of Infrastructure cannot be overemphasized. Each Filipino child…

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But Diokno warns of congestion, increased traffic as construction kicks off The Duterte administration is “on track” to complete the infrastructure projects under the “Build, Build, Build” program, Budget Secretary Benjamin Diokno said, but warned that Filipinos will have to bear with added inconveniences “before things get better.” “Our plan…

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BIG-ticket infrastructure projects under the Bases Conversion and Development Authority (BCDA) that will spur growth in the countryside will be built under the administration of President Rodrigo Duterte and budget would not be a problem, according to the agency’s President and Chief Executive Officer Vivencio Dizon. He said the major…

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The Duterte administration’s thrust to ramp up public spending has resulted in much lower state underspending, Budget Secretary Benjamin Diokno said on Friday. “For the first half of 2017, spending was almost on the top vis-a-vis the programmed spending. We only underspent by P6 billion for the first half of…

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