Skip to content
February 8, 2023
  • Disclosure Policy
  • Sitemap
  • Advertise Here
  • Contact Us

Official Outlet

trending business in the world

  • Blog Article
  • Business insurance
    • Small Business Ideas
    • Global Business
    • International Business
  • Business analyst
    • Business plan
    • Business insider
    • Business strategy
  • Business management
    • Sales Management
    • Strategy Management
    • Project Management
    • Profitable
  • Opportunity
    • Entrepreneurship
    • Business leadership
  • Human Resource
    • Team Building
    • Business News
    • Employment
    • Profesional Service
Watch Online
  • Home
  • Business News
  • Duterte to finish 29 flagship projects before term ends
  • Business News
  • Employment
  • Entrepreneurship
  • Financial
  • Human Resource
  • Opportunity
  • Profesional Service
  • Profitable
  • Project Management
  • Sales Management
  • Strategy Management
  • Team Building

Duterte to finish 29 flagship projects before term ends

Adiantku 2 years ago 3 min read

The government expects to finish 29 flagship infrastructure projects worth P238.48 billion before President Rodrigo R. Duterte’s term ends in 2022.

It has added 13 more projects for a total of 119 projects worth P4.73 trillion, presidential adviser for flagship infrastructure projects Vivencio B. Dizon told a televised news briefing on Friday.

The National Economic and Development Authority (NEDA) has yet to release the updated list.

Mr. Dizon said 11 projects worth P126.76 billion have been completed. Fifty-one projects worth P3.28 trillion are expected to be finished beyond Mr. Duterte’s term.

Twenty-eight projects worth P1.09 trillion are in the pipeline, he added.

He said some projects had been canceled as the state tries to be fiscally prudent amid a coronavirus pandemic.

“We really have to be more prudent about how we finance and what we finance,” Mr. Dizon said, noting that many of these funds had been channeled to the government’s pandemic response.

The government has completed 212 airport projects, 446 seaport projects, 10,376 flood mitigation structures, 26,494 kilometers of roads and 5,555 bridges under Mr. Duterte’s Build, Build, Build program, he said.

He said 102 airport projects, 117 seaport projects, 1,090 kilometers of railways, 2,587 flood mitigation structures, 2,515 kilometers of roads and 1,020 bridges were ongoing.

“Nowhere in our history did we exceed 5{0018ee5a413206d5867d4650a6cb0bf5e2f9c77ab1c1dc5336e75263ef8a33b4} of gross domestic product,” Economic Planning Secretary Karl Kendrick T. Chua told the same briefing, referring to state infrastructure spending.

“Ten years ago, that was our aspired goal. We could not even reach more than 2{0018ee5a413206d5867d4650a6cb0bf5e2f9c77ab1c1dc5336e75263ef8a33b4} of GDP.”

Mr. Chua said the government had programmed P1 trillion worth of infrastructure projects in the past three years excluding 2020 because of the coronavirus pandemic.

“We have a strong pipeline to ensure that the next administration will have a very good starting point to build on the progress we have so far,” he said. “We will continue to welcome all possible financing options.”

Government infrastructure spending grew by 45{0018ee5a413206d5867d4650a6cb0bf5e2f9c77ab1c1dc5336e75263ef8a33b4} to P58.2 billion in April from a year earlier, according to data from the Budget department. The spending declined by 34{0018ee5a413206d5867d4650a6cb0bf5e2f9c77ab1c1dc5336e75263ef8a33b4} from a month earlier.

On a monthly basis, infrastructure spending rose by 29{0018ee5a413206d5867d4650a6cb0bf5e2f9c77ab1c1dc5336e75263ef8a33b4} to P253.4 billion in the four months to April.

The higher spending mainly came from various infrastructure projects of the Public Works and Transportation departments.

These include the first segment of the Metro Manila Subway project and North-South Commuter Railway project.

The inter-agency Development Budget Coordination Committee expects state infrastructure spending to have peaked at P324.974 billion in the second quarter from P243 billion in January to March.

The government has a P1.02-trillion infrastructure spending plan for the year.

Meanwhile, the World Bank said it had approved a $280-million (P13.5 billion) loan for the Philippines to boost infrastructure projects in the countryside.

The loan is an additional financing for the Philippine Rural Development Project and will be complemented by a newly approved €18.3-million (P1.06 billion) grant, the multilateral lender said in a statement on Friday.

The bank expects more than 300,000 Filipinos in rural areas to benefit from the project.

Source link

Continue Reading

Previous: TikTok sees its earnings double in 2020
Next: BoP 2021 estimate raised on better economic landscape

Related Stories

Are You A Company In The Service Industry Who Needs To Keep Tabs On The 9 min read
  • Team Building

Are You A Company In The Service Industry Who Needs To Keep Tabs On The

Adiantku 11 months ago
Inside LeEco’s Spectacular Fall From Grace 8 min read
  • Team Building

Inside LeEco’s Spectacular Fall From Grace

Adiantku 11 months ago
You’re Looking At Our Old Jobs Page. 8 min read
  • Team Building

You’re Looking At Our Old Jobs Page.

Adiantku 12 months ago
ShareAlike 3.0 Unported — CC BY 9 min read
  • Team Building

ShareAlike 3.0 Unported — CC BY

Adiantku 12 months ago
This Is How The Next World War Starts 10 min read
  • Team Building

This Is How The Next World War Starts

Adiantku 12 months ago
Cruise Careers 8 min read
  • Team Building

Cruise Careers

Adiantku 1 year ago

Recent Posts

  • Dry, The Beloved Country
  • Best Careers For The Future To Focus On Today
  • How Do I Innovate My Business To Grow My Business Without Increasing Costs
  • How To Find The Best Horse Racing Bet Using The Pools
  • Tenders And How They Can Add To Your Business

Categories

  • Blog Article
  • Business analyst
  • Business insider
  • Business insurance
  • Business leadership
  • Business management
  • Business News
  • Business plan
  • Business strategy
  • Employment
  • Entrepreneurship
  • Financial
  • Global Business
  • Human Resource
  • International Business
  • Opportunity
  • Profesional Service
  • Profitable
  • Project Management
  • Sales Management
  • Small Business Ideas
  • Strategy Management
  • Team Building

About Us

  • Disclosure Policy
  • Sitemap
  • Advertise Here
  • Contact Us

recomendation

martine roch
honda math
run2game
dragonfly business
thehellenicvoice
ujc madrid
mercosur digital
momasstube
sciencefile
sdiwc
soldering point
home ideas finder

martineroch dragonflydoces thehellenicvoice harianbhirawa nortoncom hungerking rexrothpneumatics rssoundingboard bassoatesino dsdukes torgodevil the lorenz

You may have missed

Dry, The Beloved Country 8 min read
  • Business analyst

Dry, The Beloved Country

Adiantku 11 months ago
Best Careers For The Future To Focus On Today 8 min read
  • Business insurance

Best Careers For The Future To Focus On Today

Adiantku 11 months ago
How Do I Innovate My Business To Grow My Business Without Increasing Costs 8 min read
  • Business insurance

How Do I Innovate My Business To Grow My Business Without Increasing Costs

Adiantku 11 months ago
How To Find The Best Horse Racing Bet Using The Pools 9 min read
  • Business analyst

How To Find The Best Horse Racing Bet Using The Pools

Adiantku 11 months ago
  • Disclosure Policy
  • Sitemap
  • Advertise Here
  • Contact Us
  • Disclosure Policy
  • Sitemap
  • Advertise Here
  • Contact Us
Copyright © 2021 Officialreligionoutlet.com. All rights reserved. | Kreeti by AF themes.