Construction

Despite the decision of the Department of Transportation (DOTr) to terminate the public-private partnership process for the Regional Airport Projects, the PPP Center remains ready and committed to support government agencies in their infrastructure and development projects. 

House Speaker Pantaleon D. Alvarez asked concerned House committees to require the National Economic Development Authority (NEDA) to submit the list of proposed projects of all government agencies to Congress prior to its approval since the annual national budget emanates from the House. 

The Duterte administration will exercise fiscal prudence and responsibility to ensure that its unmatched public investments in infrastructure would create a lot more jobs and business opportunities, which, in turn, would sustain the country’s growth momentum and accelerate poverty reduction. 

Motorists will soon have another option avoiding a congested Daang Maharlika in Bulacan, with the new 9.62-kilometer Pulilan-Baliuag Diversion Road that is now being paved by the Department of Public Works and Highways (DPWH). 

Senator Leila M. de Lima has expressed serious concerns over the $167-billion infrastructure project of the Duterte administration that would be financed through foreign loans, mostly coming from the Chinese government. 

Investment in infrastructure will remain a priority of the Asian Development Bank (ADB) as the bank prepares a new long-term strategy to respond to rapid regional changes, said ADB presi­dent Takehiko Nakao at the 50th Annual Meeting of ADB’s Board of Governors held recently in Yokohama, Japan.

Transportation Secretary Arthur Tugade presented to an international audience the Philippines’ airport development plan that aims to accelerate poverty re­duction and transform the country to be among the larg­est economies in the world by 2022.

The Quezon City government continues to increase the delivery of basic health care programs and services to city residents by building more health infrastructure facilities.

Ayala Land Inc. (ALI) registered robust financial results, with the company earning a net income of P5.56 billion in the first quarter of the year, 18 percent higher than the P4.71 billion it posted in the first three months of 2016. Its sustained income growth is expected to contribute to the achievement of the company’s P40 billion net income target …

The Australian government will provide the Philippines with about AUD 85 million or P3.12 billion in official development as­sistance (ODA) for 2017-2018.