infrastructure – Page 6 – Author Carlo Carrasco

CAVITEX C5 Link Segment will reduce travel time by 10 minutes (Coastal Road to Sucat)

September 5, 2023September 1, 2023carlocarrasco

If you constantly travel between Cavite province and Parañaque City, then you will eventually benefit from improvements as the Manila-Cavite Expressway (CAVITEX) announced that the travel time between Sucat (Parañaque) and Coastal Road will be reduced by 10 minutes upon the expected 2024 (first quarter) completion of the CAVITEX C5 Link Segment, according to a Manila Bulletin news report.

To put things in perspective, posted below is an excerpt from the Manila Bulletin news report. Some parts in boldface…

The Manila-Cavite Expressway (Cavitex) announced that travel time going to Sucat, Parañaque from Coastal Road will be cut by 10 minutes once the Cavitex C5 Link Segment 2 is completed by the first quarter of 2024.

According to Cavitex Infrastructure Corporation (CIC) President and General Manager Raul Ignacio, the cut of 10 minutes travel time in going to Sucat, Parañaque from Coastal Road and vice versa will make travel more efficient and seamless for motorist and daily commuters.

Ignacio said that in preparation for the completion of the Cavitex C5 Link Segment 2 R1 Interchange, counter flow schemes will be implemented at the Parañaque Toll Plaza from September 14 to 25 from 10:00 p.m. to 4:00 a.m.

He said the scheme will be in effect from September 15-19 for Manila-bound traffic and September 19-25 for Cavite-bound traffic. To alleviate congestion, the CIC said it will also activate counter flow lanes as needed.

Ignacio also said the R-1 Interchange is a vital 1.9-kilometer segment (Segment 2) of the Cavitex C5 Link project, a 7.7-kilometer, 2×3 lane expressway set to connect Cavitex R1 to C5 Road in Taguig.

Let me end this piece by asking you readers: What is your reaction to this recent development? Do you often travel along the CAVITEX?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

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MCX acquired by Villar-led company for P3.8 billion

August 14, 2023August 10, 2023carlocarrasco

Have you been driving lately along the Muntinlupa-Cavite Expressway (MCX)? In case you missed the news, the MCX has officially been acquired by a company led by the influential Villar group for almost P4 billion, according to a Manila Standard news report.

To put things in perspective, posted below is an excerpt from the Manila Standard news article. Some parts in boldface…

Prime Asset Ventures Inc., a company led by the Villar Group, on Wednesday finalized the acquisition of the four-kilometer Muntinlupa-Cavite Expressway from Ayala Corp. for P3.8 billion.

PAVI said in a statement it signed the implementing agreements for the acquisition of MCX after the Department of Public Works and Highways in July approved the transfer of ownership of from Ayala Corp. to the Villar Group.

Vista Land chairman Manuel Villar Jr. and Ayala Corp. president and chief executive Cezar Consing attended the signing ceremony at Brittany Hotel in Bonifacio Global City, Taguig.

“This momentous event shows our resolve to provide our countrymen better services in the area of roads and toll ways. You’ll be surprised of the many wonderful things to come in Villar City,” Villar said.

MCX is a four-kilometer controlled-access toll road linking the southern part of Cavite to Muntinlupa. It is the first public-private partner project under the Aquino administration.

Ayala signed the 30-year concession agreement for the operation of MCX Expressway in 2012. It invested P2.2 billion for the project including a P902-million cash payment to the government.

Ayala announced in March 2022 it would sell its entire stake in MCX Project Company Inc., which holds the concession for the MCX to the Villar Group for P3.8 billion.

“Ayala developed MCX over a decade ago to connect Metro Manila to Imus, Dasmarinas and Bacoor in Cavite which were experiencing rapid growth. MCX succeeded in relieving traffic congestion and reducing the travel time between Metro Manila and Cavite. The sale of MCX represents another example of our recycling capital to benefit from opportunities in our core and emerging businesses,” Consing said.

The acquisition will further expand Villar Group investment portfolio which currently includes housing, retail, food, water, power, and utilities, to integrated resorts and entertainment.

Let me end this piece by asking you readers: What is your reaction to this recent development? Do you think there will be major changes regarding the MCX under the new owners? Do you constantly travel along the MCX?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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High-priority infrastructure projects to be financed by Maharlika Investment Fund

July 27, 2023July 25, 2023carlocarrasco

Just days after signing into law the Maharlika Investment Fund (MIF), President Ferdinand “Bongbong” Marcos, Jr., stressed during his 2^nd State of the Nation Address (SONA) that the new law will finance the high-priority infrastructure projects of the Philippines, according to a Philippine News Agency (PNA) news article.

To put things in perspective, posted below is an excerpt from the PNA news article. Some parts in boldface…

President Ferdinand R. Marcos Jr. on Monday said the newly established Maharlika Investment Fund (MIF) would be used to fund high-priority projects.

“For strategic financing, some of the nation’s high-priority projects can now look to the newly established Maharlika Investment Fund, without the added debt burden,” Marcos said in his second State of the Nation Address (SONA).

The MIF is the Philippines’ first-ever sovereign wealth fund designed to catalyze economic development by mobilizing government financial assets.

“In pooling a small fraction of the considerable but underutilized government funds, the Maharlika Fund shall be used to make high-impact and profitable investments, such as the ‘Build Better More’ program,” Marcos said.

He said the gains from the Fund shall be reinvested into the country’s economic well-being.

To ensure sound financial management, Marcos assured that a group of internationally recognized economic managers shall oversee the operations of the Fund, guided by principles of transparency and accountability.

“This guarantees that investment decisions will be based on financial considerations alone, absent any political influence,” Marcos said.

“The funds for the social security and public health insurance of our people shall remain intact and separate.”

The Department of Finance (DOF) earlier said the Fund can look into big-ticket infrastructure such as in green and blue projects, countryside development, and other employment-generating projects.

For the newcomers reading this, if you want to understand what a sovereign wealth fund is and how it would work with the Philippines in mind, watch the video below…

Let me end this piece by asking you readers: What is your reaction to this recent development? Were you able to watch President Marcos’ 2^nd SONA?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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President Marcos signs Maharlika Investment Fund bill into law

July 20, 2023July 18, 2023carlocarrasco

A new economic age for the Philippines has started as President Ferdinand “Bongbong” Marcos, Jr., signed into law the Maharlika Investment Fund (MIF) bill which formally establishes the nation’s sovereign wealth fund, according to a Philippine News Agency (PNA) report.

To put things in perspective, posted below is an excerpt from the PNA news article. Some parts in boldface…

President Ferdinand R. Marcos Jr. on Tuesday signed into law a bill establishing the Maharlika Investment Fund (MIF), the Philippines’ first-ever sovereign wealth fund.

Marcos signed Republic Act (RA) 11954 in a ceremony at the Kalayaan Hall of Malacañan Palace in Manila.

In a keynote speech, Marcos said the MIF is designed to drive economic development in the country.

“The MIF is a bold step towards our country’s meaningful economic transformation. Just as we are recovering from the adverse effects of the pandemic, we are now ready to enter a new age of sustainable progress, robust stability and broad-based empowerment,” Marcos said.

“We now have an available fund that will provide us the seed money for investments and to attract other foreign investments and for us to be able to participate in those operations, in those investments without additional borrowings,” he added.

Following the signing of RA 11954, Marcos said his administration would “go out to the world and do the changes that are necessary for the Philippines to become an investment-friendly nation.”

“The fund will fail if we do not make money on the fund. It’s that simple… That is why we put up a Maharlika Fund so as to be able to give us the capacity and the ability to join in those investments, be part of that,” he said.

He reiterated that he would make sure that the MIF would be “well-run” by professionals.

He added that the country has the “best” economic managers both in government and the private sector to ensure the proper management of the MIF.

“Let us make sure that the decisions that are being made for the fund are not political decisions, that they are financial decisions because that is what the fund is,” Marcos said.

The MIF is established to optimize national funds by generating returns to support the Marcos administration’s economic goals laid out in the Medium-Term Fiscal Framework, the 8-point Socioeconomic Agenda, and the Philippine Development Plan 2023-2028.

In a separate statement, Budget Secretary Amenah Pangandaman said the Department of Budget and Management (DBM) will continue to provide support and technical assistance in the formulation of the implementing rules and regulations of RA 11954.

“The creation of this development fund is very good news because this means we now have an opportunity to expand our fiscal space for the government’s priority programs,” Pangandaman said. “Of course, we fully support this as it will help expand our fiscal space. So we at the DBM remain committed to helping ensure that this development fund will be a success and implemented with utmost integrity.”

Under RA 11954 , the MIF will be used to invest in a wide range of assets, including foreign currencies, fixed-income instruments, domestic and foreign corporate bonds, joint ventures, mergers and acquisitions, real estate and high-impact infrastructure projects that contribute to the attainment of sustainable development.

The establishment of the MIF will provide the government with a long-term source of income, as well as ease the burden on the national budget by providing additional funding for other priority projects of the government.

Unlike other government-owned or -controlled corporations (GOCCs), the MIF will be able to maximize government assets through its investments in projects that generate bigger returns.

The proposed measure seeks the establishment of the Maharlika Investment Corp. (MIC), which will act as the “sole vehicle for the purpose of mobilizing and utilizing the MIF for investments in transactions in order to generate optimal returns on investments (ROIs).”

The MIC is expected to have at least PHP75 billion in paid-up capital this year, with PHP50 billion sourced from the Land Bank of the Philippines and PHP25 billion from the Development Bank of the Philippines.

The law prohibits government agencies and GOCCs that provide for social security and public health insurance to contribute to and invest in the Fund.

These include the Social Security System, Government Service Insurance System, Philippine Health Insurance Corporation, Home Development Mutual Fund, Overseas Workers Welfare Administration, and Philippine Veterans Affairs Office pension fund.

For the newcomers reading this, if you want to understand what a sovereign wealth fund is and how it would work with the Philippines in mind, watch the video below…

Let me end this piece by asking you readers: What is your reaction to this recent development? What do you think about the Maharlika Investment Fund that is now officially a law? Do you expect financial or economic breakthroughs to happen for the Philippines soon?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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President Marcos approves flagship infrastructure projects of Build Better More (BBM) program worth P9 trillion

March 17, 2023March 11, 2023carlocarrasco

Philippine infrastructure will continue to develop and improve over time as almost two hundred projects worth P9 trillion have been approved recently by President Ferdinand “Bongbong” Marcos, Jr., according to a Philippine News Agency (PNA) news article. This is the latest about the Build Better More (BBM) program.

To put things in perspective, posted below is the excerpt from the PNA news report. Some parts in boldface…

President Ferdinand R. Marcos Jr. has approved 194 high-impact infrastructure flagship projects (IFPs) worth PHP9 trillion, National Economic and Development Authority (NEDA) announced Thursday.

Marcos, who chairs the NEDA Board, greenlit these projects in a meeting with NEDA Secretary Arsenio Balisacan and other members of the board at Malacañan Palace.

“The approved new list of infrastructure flagship projects includes a total of 194 projects amounting to about PHP9 trillion,” Balisacan announced in a Palace press briefing.

Of the 194 projects, Baliscan said 123 projects were initiated during the Marcos administration while the remaining 71 projects were from the administration of former President Rodrigo R. Duterte.

“…The basis for their inclusion there is, this has been approved and this has been before and they have been already implemented. In other words, they have started and so, we cannot discontinue any of those projects,” he said.

Balisacan said these projects will showcase the administration’s “Build Better More” infrastructure program, which is among the priorities under the 8-Point Socioeconomic Agenda.

He noted that majority of these infrastructure flagship projects are in physical connectivity and water resources which include projects in irrigation, water supply and flood management.

The list also includes projects in digital connectivity, health, power and energy, agriculture and other infrastructure.

“Some of the new projects included in the new list are the Panay Railway Project; Mindanao Railway Project III; North Long Haul Railway; San Mateo Railway; UP-PGH Diliman Project; Ninoy Aquino International Airport Rehabilitation Project; Ilocos Sur Transbasin Project; and the Metro Cebu Expressway,” Balisacan said.

Balisacan said the IFPs are seen to address the binding constraints to business investment and expansion that will create more high quality and resilient jobs.

“IFPs shall be prioritized under the government’s annual budget preparation and enjoy the benefits of expedited issuance of applicable permits and licenses consistent with current legal frameworks,” he added.

He said the projects will adopt an optimal mix of financing from various development partners or official development assistance (ODA), the national government and general appropriations, and the private sector, particularly public-private partnerships.

Balisacan said 45 out of the 194 projects are seen to be financed through partnerships with the private sector.

“The government shall harness the financial and technical resources of the private sector which allows the public sector to allocate its funds for greater investment in human capital development, especially to address the scarring in health and education due to the pandemic, and provide targeted assistance that protects vulnerable sectors from economic shocks,” he said.

Joint Venture guidelines – Meanwhile, Baliscan also announced that the NEDA Board also approved the proposed amendments to the 2013 NEDA Joint Venture Guidelines.

“The amendments aim to enhance competition for projects under joint ventures, ensure better performance of private sector participants, and improve check and balances to ensure that the project is technically and financially sound,” he said.

He said the amendments will also help ensure that the guidelines are aligned with the provisions of the recently amended Build Operate Transfer (BOT) Law Implementing Rules and Regulations, and the proposed amendments to the BOT Law or PPP Act pending in Congress but expected to be passed by this year.

“What we are addressing there is: Number one is to simplify the joint ventures. Again, to make sure that the joint ventures can move efficiently and quickly and will address the public interest, concerns. And so, the amendments will involve putting in place features that improve the competitive processes in the selection of joint venture partners. So, in other words hindi “lutong Macau” iyong mga JVs kundi (the JVs were not rigged) you know, properly completed by or offered in competition,” he added.

Economic transformation – Baliscan described the approval of the new IFP list and the amendments to the NEDA JV Guidelines as a ”giant step” towards the administration’s goal of elevating the country’s competitiveness in promoting the Philippines as a prime investment destination in the region.

Although the country has “much work to do” to catch up with its neighbors in the region, Baliscan said pursuing high-impact initiatives will encourage greater local and foreign investment and private sector participation in infrastructure development.

Let me end this piece by asking you readers: What is your reaction to this new development? Do you think that the nation’s infrastructure improvement will lead to better transportation accessibility as well as reinvigorating the economy?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below and also please consider sharing this article to others. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. If you want to support my website, please consider making a donation. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram at https://www.instagram.com/authorcarlocarrasco/.

Las Piñas City chosen by Japan International Cooperation Agency (JICA), dredging technology test on local river to follow

January 26, 2023January 22, 2023carlocarrasco

Recently it was announced that the City of Las Piñas has been selected by the Japan International Cooperation Agency (JICA) as the site where they will test the floating amphibious excavator of Kochi Marutaka which means dredging on Las Piñas river, according to a Manila Standard news report.

To put things in perspective, posted below is the excerpt from the Manila Standard news report. Some parts in boldface…

The Japan International Cooperation Agency (JICA) has chosen Las Piñas city for its pilot test of Kochi Marutaka’s floating amphibious excavator.

Sen. Cynthia A. Villar noted that this technology to be used in cleaning the Las Piñas-Zapote River and waterways in Las Piñas is new. The technology, Villar said, can do extensive dredging while floating in shallow waters of the river due to its remarkable buoyancy.

“There is no doubt that you have chosen well. In Las Piñas, under my guidance, we are serious and very persistent in our river clean-up and rehabilitation,” Villar, chairperson of the Senate Committee on Environment and Natural Resources, said.

The senator, along with her daughter, Deputy Speaker Camille Villar, joined JICA Rep. Takuya Hashizume, DPWH- NCR Director Loreta Malaluan and DPWH-Bureau of Equipment Dir. Toribio Noel Ilao and Las Piñas- Muntinlupa District Engr. Isabelo Baleros, in the launching of JICA’s Verification Survey for the “Utilization of Floating Amphibious Excavator for the Construction Works On Disaster Management and Disaster Restoration in the Philippines.”

The project brief was given by Toru Asakura of CTI Engineering International Co., Ltd. and Hiroshige Takano , chairman of Kochi Marutaka Corporation, while Mikako Shimizu from JICA Philippine office and Tomohiro Matsubara from the Embassy of Japan in the Philippines gave their keynote speeches during the launch.

“I welcome events like this that cultivate solutions to the challenges we face to tackle disasters and mitigate its effects. As you know, the Philippines is one of the most vulnerable countries to disasters, it is frequented by around 20 typhoons per year,” Villar said.

She also pointed out the use of a floating amphibious excavator is also very much in consonance with her lifelong advocacies of cleaning our city’s rivers and waterways and of efficient waste management.

Prior to the project, the Japanese group approached the Las Pinas city government, seeing the efforts of Sen. Villar in cleaning the Las Piñas- Zapote River which bagged an international environment award given by the United Nations.

The initiative to clean the said river and rid it of waterlilies that triggered floodings was under the so-called “Sagip Ilog Para Sa Kinabukasan.”

Let me end this piece by asking you readers: If you are a resident of Las Piñas City, what is your reaction to this development? Are you delighted over the news that the JICA chose Las Piñas City for testing the mentioned dredging technology? Do you think the dredging along the Las Piñas-Zapote river will reduce potential flooding?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Las Piñas receives 2022 SubayBayani special award, the only NCR city to receive it

December 20, 2022December 15, 2022carlocarrasco

Last week, the City of Las Piñas got awarded and it turns out to be the only city in the entire National Capital Region (NCR) to receive it, according to news report by the Manila Bulletin.

To put things in perspective, posted below is an excerpt from the Manila Bulletin news report. Some parts in boldface…

The Department of Interior and Local Government-National Capital Region (DILG-NCR) awarded the city government of Las Piñas with the 2022 SubayBayani special award for its notable performance in the result –based monitoring and evaluation of local government unit (LGU) infrastructure project.

The city government is the only city in the NCR that received the award on Monday, Dec. 12, during the awarding rites held at the Cocoon Boutique Hotel in Quezon City.

Mayor Imelda Aguilar said the special award for SubayBayani is given to recognize the excellent and consistent performance of the LGUs’ focal persons in the conduct of overall implementation and monitoring of LGU infrastructure projects enrolled in the SubayBayan platforms.

Aguilar and Vice-Mayor April Aguilar received the award for the city from the DILG for citing the notable accomplishments of the city government’s programs through the SubayBayan.

Let me end this piece by asking you readers: If you are a Las Piñas City resident, what is your reaction to this new development? How familiar are you with the SubayBayani award?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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New Manila International Airport construction in full swing

November 8, 2022November 7, 2022carlocarrasco

There is simply no stopping the improvement and expansion of infrastructure here in the Philippines. Infrastructure is indeed essential not only for the travel-related purposes of people but also for the growth of the national economy. In a recent development, the construction of the New Manila International Airport located in Bulacan province is now in full swing, according to a news article published by the Philippine News Agency (PNA).

To put things in perspective, posted below is the excerpt from the PNA news article. Some parts in boldface…

The construction of the New Manila International Airport in Bulacan, some 35 kilometers north of Metro Manila, is in full swing, with Department of Transportation (DOTr) Secretary Jaime Bautista leading the inspection over the weekend.

In a news release issued Monday, the DOTr said Bautista was joined by San Miguel Corporation (SMC) president and CEO Ramon Ang and other transport officials during the inspection in the town of Bulakan.

Bautista assured stakeholders of the new international airport that the gateway will soon be open for business. Operations at the new gateway are targeted to start in 2027.

Land development works are now being done at the airport’s 1,693-hectare site.

Works on the PHP735-billion airport officially started on Sept. 18, 2019, when the government, through the DOTr, signed a concession agreement with San Miguel Aerocity Inc. (SMAI), a wholly-owned subsidiary of San Miguel Holdings Corp., and the infrastructure arm of SMC.

The DOTr and the SMAI are working together to make sure that the project complies with environmental protection requirements, particularly flood mitigation, considering the Environmental and Social Impact Assessment (ESIA) which was conducted prior to the commencement of works at the airport site.

Once built, the new international airport will be fully owned by the government under a “build-operate-transfer” program.

Once operational, the new gateway will not only help decongest the Ninoy Aquino International Airport (NAIA) as the capital’s main gateway, but will also be a “game changer” and catalyst of economic growth in Central Luzon. Phase 1 of the airport will have a capacity of 35 million passengers per annum, is expected generate more than 1 million jobs, and rake-in increased foreign direct investments and higher exports.

Under the 50-year concession agreement, SMAI will undertake the financing, design, construction, supply, completion, testing, commissioning, and operation and maintenance of the new international gateway.

Let me end this piece by asking you readers: What is your reaction to the ongoing construction of the New Manila International Airport? Do you believe that such an ambitious project will benefit Bulacan province economically? Do you think the upcoming airport will succeed in decongesting the current airports in Metro Manila? Can you imagine yourself traveling all the way from Muntinlupa City to the New Manila International Airport in Bulacan to catch a flight or pick up someone who is arriving?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Parañaque City ranks only 19th among Highly Urbanized Cities of the nation in terms of Competitiveness according to CMCI 2022 results

October 31, 2022October 26, 2022carlocarrasco

Have you heard of the words Parañaque Renaissance? Whether it is a political slogan or the description of the supposed improvements of the city, or even the name of some food or beverage product, Parañaque Renaissance was designed to make people believe that the City of Parañaque is great and prospering.

Recently, the results of the Cities and Municipalities Competitiveness Index 2022 Rankings (CMCI 2022) were published and already there were local government units (LGUs) and provincial governments that highlighted what they achieved.

The City of Muntinlupa finished #1 among all Highly Urbanized Cities (HUCs) in the category of Resiliency while also ranking 5^th overall on Competitiveness, 4^th on Infrastructure and 10^th on Innovation. Quezon City, which is the Most Competitive among all HUCs, finished with #1 on Innovation and #2 on Infrastructure, Resiliency, Government Efficiency and Economic Dynamism. Pasay City emerged as #1 on Economic Dynamism while finished 3^rd overall on Competitiveness.

Parañaque, the city that has BF Homes and Better Living among its many residential communities within its borders, ended up with 19^th place in the category of Competitiveness among HUCs. To be clear, there are 33 HUCs all in all. Parañaque finished 10^th place on Economic Dynamism, 13^th place on Infrastructure, 16^th place on Resiliency, 23^rd place on Government Efficiency and 29^th place on Innovation. The results can viewed at https://cmci.dti.gov.ph/rankings-data.php?unit=Highly%20Urbanized%20Cities

Let me end this piece by asking you readers: If you are a Parañaque City resident, what can you say about your city’s performance in the newest CMCI study? Do you think your city became less competitive due to criminal activities (click here, here, here, here, here, here and here) or perhaps due to the COVID-19 pandemic? Do you think that your new city government officials plan to do something to make the city more competitive with other highly urbanized cities of the nation? Based on the latest CMCI results, do you consider Parañaque a great city at all?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Get ready for the “Build, Better, More” infrastructure program

August 24, 2022August 23, 2022carlocarrasco

If there is something highly significant done by the previous administration under former Philippine President Rodrigo Duterte that a lot of people will benefit from, it would be the “Build Build Build” infrastructure program which was designed to grow the economy, reduce poverty and solve congestion. This resulted in expansion and improvements through projects on roads, bridges, highways, airports and also water resources. For more on the impact of “Build Build Build”, click here and here.

Of course, the 6-year term of Duterte was ultimately insufficient to complete all the projects of the program (note: the incomplete ones are still continuing) and now we have a new leader with President Ferdinand “Bongbong” Marcos, Jr., who specifically mentioned infrastructure during his State of the Nation Address (SONA).

Yesterday, it was reported by the Manila Bulletin that a new infrastructure program under the Marcos administration has officially been announced as “Build, Better, More”. Other than the name, there are notable details listed which will give people a clear idea about what to expect about the continued development of Philippine infrastructure.

To put things in perspective, posted below is the excerpt from the Manila Bulletin news report. Some parts in boldface…

“Build, Better, More”–or BBM for short–is officially a program of the Marcos administration, and the executive branch is asking P1.196 trillion from Congress in order to fund it next year.

Department of Budget and Management (DBM) Secretary Amenah Pangandaman acknowledged during a press conference with House reporters Monday, Aug. 22 that the BBM program was an “expansion” of the previous Duterte administration’s “Build, Build, Build” infrastructure modernization initiative.

BBM is also the initials of the incumbent President Ferdinand “Bongbong” Marcos Jr.

The BBM program was listed as a “spending priority” on the DBM’s briefer on the 2023 National Expenditure Program (NEP), which the agency submitted to the House of Representatives Monday.

“A total of P1.196 trillion has been allocated for the government’s 2023 infrastructure programs,” read a statement from DBM, referring to the budget being sought from lawmakers.

“The Department of Public Works and Highways (DPWH) will receive [a] P718.4-[billion] budget in 2023, while the Department of Transportation will receive P167.1 [billion] in 2023–an increase by 120.4 percent for its P75.8-[billion] budget in 2022, which covers the augmented funding requirements for various foreign assisted railway projects,” it stated.

Pangandaman said during the presser that BBM includes “convergence programs with Department of Tourism, Department of Education, Department of Agriculture, and Department of Trade and Industry”.

“Related po doon sa Build, Better, More program natin (Related to our Build, Better, More program), which is an expansion of the Build, Build, Build program are programs po under the DOTr,” the DBM chief noted.

Among the major transportation infrastructure projects that will be implemented include the North-South Commuter Railway (costing P75.1 billion), Metro Manila Subway Project (P26.3 billion), and Light Rail Transit (LRT) Line 1 Cavite Extension Project (P2.7 billion).

Also linked to the BBM program are more specific infrastructure initiatives such as the Network Development Program (P140.4 billion), Asset Preservation Program (P88.5 billion), and Bridge Program (P38 billion).

Pangandaman said that the Network Development Program’s purpose is to “expand the connectivity and road systems across the country”. On the other hand, the Asset Preservation Program involves “maintenance, rehabilitation, and reconstruction”.

“We also have the Bridge Program po, [the] construction and maintenance and repair of bridges,” she added.

In his State of the Nation Address (SONA) last July 25, Marcos said, “The backbone of an economy is its infrastructure. The infrastructure program of the Duterte administration must not only continue but, whenever possible, be expanded. We shall confidently build on this firm foundation established by my predecessor. As it is in building an edifice, we must keep the momentum and aspire to Build Better More.”

The 2023 NEP, which is the precursor of the General Appropriations Bill (GAB) or proposed national budget, will be scrutinized first in the House of Representatives. It will eventually endorse to the Senate its GAB after they approve it on third and final reading.

Regardless of who is in-charge in the national government, I personally favor the widespread, massive development of infrastructure projects around the country. In my honest opinion, improved and expanded infrastructure will pave way for better economic growth covering vast sectors like industry, commerce, tourism, real estate, agriculture and more. The past Build, Build, Build and the new Build, Better, More are clearly more than just about solving traffic congestion. The Marcos administration now has the task of implementing the new infrastructure program which will not only improve infrastructure but also create new jobs.

Let me end this piece by asking you readers: What is your reaction to this recent development? Are you glad that President Marcos and his administration are focused on continuing the momentum of massive infrastructure development that his predecessor started? What kind infrastructure projects would you want the nation government to start working on?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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