Connect with us

Business and Economy

ADB lauds PH’s infra investment through ‘Build, Build, Build’

Published

on

FILE: INFRASTRUCTURE INVESTMENT. Asian Development Bank (ADB) Philippines country manager Kelly Bird answers queries from media in a press briefing at the Hotel Radisson Blu Cebu on Friday (April 26, 2019), as ADB program officer, Oscar Badiola, looks on. Bird commended the “Build, Build, Build” program of the national government. (Photo by John Rey Saavedra via PNA)

CEBU CITY — The Asian Development Bank (ADB) on Friday lauded the “Build, Build, Build” program of the national government as a demonstration of how it undertakes infrastructure projects with commitment and focus.

ADB Philippines Country Director Kelly Bird said he has seen a lot of progress on how the national government implemented major infrastructure investment projects since President Rodrigo Duterte conceptualized the “Build, Build, Build” program.

Bird also noted that the country is catching up on infrastructure projects with spending that has gone up to 6 percent of the Gross Domestic Product (GDP) at present and targeted to reach 7.4 percent of the GDP in 2022.

He described the government’s handling of infrastructure projects under the program as “relatively fast and much faster than ADB had been done.”

The top ADB official cited the proposed 53.1-km. Clark-Malolos Railway Project which, he said, “demonstrates huge government commitment and focus.”

“We are working as partners. We can prepare them relatively quick at high quality and we started to give them out. So you see more of these major flagship projects coming out this year or next year,” Bird said in a press briefing on the sidelines of a stakeholder discussions on the ADB’s six-year country partnership strategy at the Radisson Blu here.

The railway project is a complex project to prepare but the ADB was able to have it prepared in advance, he said.

The Department of Transportation, which implements transport projects, such the Clark-Malolos Railway Project, “has been very, very active” and made the ADB team and JICA (Japan International Cooperation Agency) team “work very, very hard,” he said.

“We have already put contracts for bidding at the ADB website and we have done it on a relatively short time and the government is committed to have this construction to commence this year,” he said.

Other ADB-assisted projects are the road projects in Dumaguete City in Negros Oriental, Integrated Flood Control Project in six river basins in Panay island, construction of the New Terminal of the Mactan Cebu International Airport (MCIA), and the solid waste management project of the Cebu City government.

Bird noted the significant increase in public spending on infrastructure programs.

“What I really want to highlight here is that the Philippines in the past was underinvested in infrastructure, quite significantly,” he said, citing a 2013 study on public capital stock of countries’ infrastructure, which saw the “Philippines as among the lowest in (the) Southeast Asian region” in terms of infrastructure investment program.

Infrastructure deficit has contributed to slowed GDP growth rate and “reduces country’s competitiveness and does not help the connectivity of regions, communities and people,” he said.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest

Instagram3 hours ago

Noise-cancelling headphones, earplugs and earmuffs – do they really help neurodivergent people?

Noise can make it hard to concentrate, especially for people who are extra sensitive to it. Neurodivergent people (such as...

Entertainment5 hours ago

DonBelle stars in Korean drama-inspired Metro cover feature

Serving an extra dose of kilig for BingLing fans Metro celebrates the success of the recently concluded ABS-CBN series “Can’t...

South Korean President Yoon Suk-yeol South Korean President Yoon Suk-yeol
Headline5 hours ago

SoKor, Japan, China set for summit as NoKor plans to launch satellite

SEOUL – Leaders of South Korea, China and Japan were set to meet in Seoul on Monday for their first...

News6 hours ago

Senate panel sets executive session to probe Guo’s wealth

MANILA – The Senate Committee on Women, Children, Family Relations and Gender Equality is set to open an executive session...

News6 hours ago

New Senate leadership resumes working on PBBM priority bills

MANILA – The Senate is now consolidating the status of bills being prioritized by President Ferdinand R. Marcos Jr. even...

News6 hours ago

Bureau of Quarantine on ‘heightened alert’ vs. new Covid-19 variants

MANILA – The Department of Health (DOH) has directed the Bureau of Quarantine (BOQ) to thoroughly screen points of entry...

Headline6 hours ago

DOJ files charges vs. online child sellers in Cavite

MANILA – The Department of Justice (DOJ) on Monday said it has filed qualified trafficking and child exploitation charges against...

News6 hours ago

DA assures aid for farmers, fishers amid Typhoon Aghon

MANILA – The Department of Agriculture (DA) is closely monitoring the agriculture sector and has assured aid for farmers and...

Headline6 hours ago

Marcos: P1.2-M humanitarian aid released amid Aghon; P3-B on standby

MANILA – Over PHP1.2 million in humanitarian assistance have been given to persons affected by Typhoon Aghon, while around PHP3...

Silhouette of a director standing in front of a camera. Silhouette of a director standing in front of a camera.
Entertainment6 hours ago

Veteran director Carlo J. Caparas dies; 80

MANILA – Veteran director and comic strip creator Carlo J. Caparas, who was best known for putting life into iconic...

WordPress Ads