15 Key Infrastructure Projects Readied for 2018 Construction Launch

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The Duterte administration expects a pickup in infrastructure activity this 2018, featuring the 15 big-ticket infrastructure projects already in the pre-construction stage, according to the announcement released to the media by the Finance department.

The 15 big-ticket infra projects adds to the 44 projects already in the works as of January 2018. According to Finance Undersecretary Gil S. Beltran about 60 projects are under construction and pre-construction so most of these will start getting implemented this year with an estimated P1.8 trillion based on project cost.

Here’s Some of the Pre-Construction Projects of the Duterte Admin:

  • P355.6-billion Mega-Manila Subway Project
  • P285-billion North-South Commuter Railway
  • P211.46-billion Malolos-Clark Railway
  • P134-billion Philippine National Railway South Commuter Line
  • P51.7-billion Visayas-Mindanao Grid Interconnection
  • P37.76-billion Metro Manila Bus Rapid Transit EDSA Line
  • P35.26-billion Mindanao Railway Phase 1
  • P25-billion Metro Manila Flood Management Project
  • P12-billion C5 South Link Expressway
  • P11.37-billion Construction of 30 Bridges Across the Archipelago
  • P5.47-billion Metro Manila Rapid Transit Espana-Quezon Avenue Line
  • P4.36-billion Arterial Road Bypass
  • P4.61-billion Binondo-Intramuros Bridge
  • P1.38-billion Estrella-Pantaleon Bridge
  • P1.16-billion Partial Rehabilitation of Marawi City
According to Finance Secretary Carlos G. Dominguez III, every Filipinos should know it’s coming together believe it or not, even he himself was surprised. The money is coming in from our taxes, the loans are coming in, and the implementing agencies are getting their act together, it’s coming together.
Out of the 15 key infrastructure projects of the Duterte administration, eight (8) will be funded by ODA (official development assistance), three from multilateral lenders, three directly from the government’s purse, and one public-private partnership. 
Pres. Rody Duterte shifted its approach to funding projects with ODA and budget funds, in order to fast-track the implementation process. It will also construct projects on a 24/7 basis. The Duterte admin aims to spend P8.4 trillion in infrastructure until 2022 to boost economic growth to 7-8% starting this year. 
Source: BusinessWorld

Ed Umbao

Founder of PhilNews.xyz | co-Founder of PhilNews.ph

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