Philippines greenlights four major infrastructure projects worth $10bn

Author: Spencer Ogden
Date posted19/Sep/2017
Author: Spencer Ogden

An inter-agency panel chaired by Philippine President Rodrigo Duterte has approved four large infrastructure projects worth 386.3 billion pesos ($10.2 billion).

The projects include building bridges, roads and building the country’s first subway. 

The largest project that was approved last week was the 355.6 billion peso Metro Manila Subway Proposal, which has been prioritised due to the congestion that is caused by the capital's current road structure.

According to officials, this project will be funded by overseas aid from Japan, with construction expected to begin early next year.

Under the government's "Build, Build, Build" initiative, Mr Duterte has pledged to drive infrastructure over the next six years, that will aim to modernise and build airports, roads, railways, and ports.

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