Australia brings P4I infra scheme to PH

THE Australian government on Friday launched its Partnerships for Infrastructure (P4I) initiative in the Philippines, a development the Finance department said would complement the Marcos administration's agenda for the country.

"This opportunity could not have come at a better time. Building on the back of the previous administration's expansive infrastructure program, the Marcos Jr. administration is determined to reverse the Philippines' decadeslong pattern of underinvestment in infrastructure," Finance Secretary Benjamin Diokno said during the launch.