The Philippines has asked American businessmen to join the bidding for major infrastructure projects in the pipeline, which comprise a big portion of the government’s spending program for 2015, officials said on Monday.
Public Works and Highway Secretary Rogelio Singson said the projects include the Laguna Lakeshore Expressway Dike, the Batangas-Manila Natural Gas Pipeline, and the Mass Transit System Loop Project.
“Good governance and anti-corruption reforms have produced marked improvements in the infrastructure sector,” Singson told the 8th Global Infrastructure Leadership Forum in New York City on February 25 to 27.
About 300 business leaders and company representatives from different parts of the world attended the forum. Organized in 2002, the forum aims to identify market opportunities in the global infrastructure field.
During the forum, Philippine Ambassador to Washington Jose Cuisia and US Commerce Secretary Arun Kumar signed a Memorandum of Cooperation. It establishes a US-Philippine Infrastructure Collaboration Platform, which will facilitate US infrastructure investments in the country.
US investors will get notification and information about infrastructure projects in the Philippines through the collaboration platform, Cuisia said.
The estimated P36.74-billion Laguna Lakeshore Expressway Dike will start from the coastal area of Laguna de Bay from Taguig in Metro Manila to Calamba and Los Banos in Laguna province.
It involves construction of a 47-kilometer, six-lane dike that will include bridges, pumping stations and ancillary flood gates.
The Batangas-Manila Natural Gas Pipeline, or the Batman 1 Natural Gas Pipeline Project, is a P93-billion project that aims to transport and supply natural gas to targeted markets in Batangas, Laguna, Cavite and Metro Manila through 121-kilometer transmission pipeline.
The 12-kilometer Mass Transit System Loop Project, which will be the first subway in the country, will connect the central business districts of Metro Manila such as the Bonifacio Global City, Makati central business district and the Mall of Asia area in Pasay City.
It will be a high-capacity mass transit system that will reduce peak-hour traffic by providing a convenient, comfortable, safe and fast metro. The projected cost is P370 billion.