In his 10-point Socioeconomic Agenda, President Rodrigo Duterte envisioned the reduction of poverty from 21.6% in 2015 to 13%-15% by 2022.
Among the reforms that will drive this Agenda is the acceleration of infrastructure and the development of industries that will yield robust growth across the archipelago, create jobs and uplift the lives of Filipinos.
Infrastructure is among the top priorities of this Administration with public spending on infrastructure projects targeted to reach 8-9 trillion pesos from 2017-2022.
The Build Build Build Portal lists down high impact projects that are envisioned to increase the productive capacity of the economy, create jobs, increase incomes, and strengthen the investment climate leading to sustained inclusive growth.
It is a real-time tool where projects are monitored and tracked – with relevant information made available to everyone.
The portal will be administered and managed by the National Economic and Development Authority (NEDA), the Department of Transportation (DOTr), the Department of Public Works and Highways (DPWH) and the Bases Conversion and Development Authority.
The Philippines and Japan signed on Friday the 104.53 billion yen loan agreement for the construction of the first phase of the Metro Manila Subway Project, which aims to ease traffic congestion, meet fast-rising transportation demand, and reduce air pollution in the country’s premier urban center. On behalf of their respective governments, Finance Secretary Carlos Dominguez III and Yoshio Wada, the chief representative of the Japan International Cooperation Agency (JICA), signed the loan acc......