FFE Magazine

Infrastructure receives Php54b funding from Aquino Gov’t

by FFE PH News Staff

 

Infrastructure receives Php54 funding from Aquino Gov’t

Economic competitiveness eyed as result of improvements in infrastructure.

 

The Aquino administration’s plan to improve infrastructure to spur economic competitiveness is now in full swing as it finally allocates a Php53.87 billion budget for the projects lined up for this year.

 

The Deparment of Budget and Management (DBM) announced on Wednesday that the government has set aside Php48.89b to upgrade airports and the train system and an additional Php4.98b for ‘strategic support’ of toll-road projects. Budget and Management secretary Florencio Abad added that the total Php53.87b is part of the government’s Php593.1b economic development programme set for 2014.

 

The secretary said ‘We’re working towards sustained and inclusive development in the country through bigger investments in key economic activities. We will likewise broaden these investments over the next two years.’

 

The Php48.89b budget for the improvement of the international airports in Bicol, Puerto Princesa, Bohol (Panglao) and Laguindinga will be coursed through the Department of Transportation and Communications (DOTC). The Light Rail Transit (LRT) system will also be expanded through the Line 1 South and North Extension projects and Line 2 East Extension project.

 

Public-private partnerships that will benefit from the Php4.98b Strategic Support fund include the Tarlac-Pangasinan-La Union Toll Expressway (Tplex), Daang Hari–Slex Link Project, Nlex-Slex Link Connector, Cavite-Laguna (Cala) Expressway, C-6 Extension (Flood Control Dike Expressway), C-6 Expressway and Global Link (south section) and segment 10 of the Manila North Expressway.

 

Abad said that improved infrastructure leads to boosts in tourism and the economy. He added that the department is looking at programmes that can also improve the country’s agrarian and manufacturing sectors.

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