Close  

Longer list of ‘Build, Build, Build’ projects OKd

By: - Reporter / @bendeveraINQ
/ 05:16 AM September 11, 2020

President Duterte has given the go-ahead to the longer list of 104 projects worth P4.1 trillion in the “Build, Build, Build” pipeline.

The list now includes additional health and information technology infrastructure that will enable Filipinos to better adapt to the “new normal” brought about by the COVID-19 pandemic.

ADVERTISEMENT

Acting Socioeconomic Planning Secretary Karl Kendrick T. Chua told the Senate finance committee on Thursday that of these big-ticket infrastructure projects, 24 were still in the preparation or approval stages, which would be fast-tracked this year so they could be implemented starting next year.

The bulk or 80 of the projects in the updated pipeline, approved on Aug. 19 by the National Economic and Development Authority (Neda) Board, which is chaired by the President, were already undergoing implementation, Chua said.

FEATURED STORIES

Chua, who also heads the Neda, said the proposed P1.12-trillion budget for infrastructure in 2021 would cover flagship projects under the Build, Build, Build, alongside smaller projects in the region which were “nonetheless very important in the whole economic recovery.”

He said the latest Build, Build, Build pipeline as of September included health, information and communications technology, as well as water infrastructure projects supportive of a bounce back to economic growth following the COVID-19-induced recession.

Also, Chua said “infrastructure will be one of the biggest sources of job creation” as these projects would provide jobs to overseas Filipino workers returning home amid the pandemic.

Subscribe to Inquirer Business Newsletter
Read Next
EDITORS' PICK
MOST READ
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Infrastructure, Secretary Karl Kendrick T. Chua
For feedback, complaints, or inquiries, contact us.


© Copyright 1997-2020 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.