The Philippines to Complete Infrastructure Projects for USD 17 Billion

Oct 2022

The government of the Philippines has announced that it aims to complete 73 large infrastructure projects for a total cost of over PHP 4 trillion (around USD 17 billion), which could not be completed during the previous administration.

In a presentation at the organizational meeting of the House Committee on Flagship Programs and Projects, Neda Assistant Secretary for Investment Programming Roderick M. Planta said the 73 projects were culled from the 112 Infrastructure Flagship Projects (IFPs) of the previous administration.

These 73 projects include 47 that are currently being constructed and implemented, while 26 projects are undergoing pre-construction activities. Apart from these

According to estimates from the National Economic and Development Authority (Neda), 10 projects worth over PHP 73 billion (USD 1.2 billion) will be completed in 2022, while another 90 projects will be completed in 2023 and beyond.

According to the Department of Public Works and Highways (DPWH), of the 90 projects for completion in 2023 and beyond, 37 are being currently constructed. These include the Boracay Circumferential Road; NLEX-SLEX Connector Road; Flood Risk Improvement and Management Project-Cagayan de Oro River; and Arterial Road Bypass Project Phase III.

(Source: BusinessMirror)

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