Articles worth reading

Metro News

MNC Photo File

‘Build, Build, Build’ projects set to resume

account_balanceMetro News account_circleGab Ocampo chat_bubble_outline0 Comments

Major infrastructure projects under the “Build, Build, Build” program are set to resume amid the crisis brought about by the coronavirus disease 2019 (Covid-19) pandemic.

In a virtual presser aired on state-run PTV-4, Presidential Spokesperson Harry Roque said the Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF-EID) has already approved the resumption of big-ticket infrastructure projects.

”Lahat ng ating ‘Build, Build, Build’ [infrastructure projects] na major ay binigyan na po ng go signal ng IATF na ipatuloy (The IATF-EID has allowed all major ‘Build, Build, Build’ infrastructure projects to resume),” Roque said.

The list of flagship infrastructure projects that will push through despite the Covid-19 crisis has yet to be released.

Fitch Solutions Country Risk and Industry Research on Monday released its report which projects that the Philippines’ full-year growth in 2020 will be -0.2 percent, down from the 0.5 percent growth forecast in May.

Malacañang on Tuesday expressed confidence that resuming the implementation of the “Build, Build, Build” projects and easing the monetary policy would help the Philippine economy recover faster.

The IATF-EID initially prohibited the implementation of construction and infrastructure projects due to Covid-19 outbreak. It later allowed the resumption of the projects of both public and private sectors despite the implementation of community quarantine nationwide.

During President Rodrigo Duterte’s meeting with his select Cabinet members at Malacañan on Monday night, Finance Secretary Carlo Dominguez III said the government should restart and accelerate the “Build, Build, Build” program to revive the country’s economy.

Dominguez said the accelerated implementation of the “Build, Build, Build” program is the “best driver of economic growth.”

The Duterte government has identified around 100 key infrastructure projects under the “Build, Build, Build” program.

Around PHP1 trillion is expected to be earmarked this year for the implementation of the ambitious infrastructure program of the national government.

Acting Socioeconomic Planning Secretary Karl Kendrick Chua earlier said the plan to spend PHP1 trillion on infrastructure this year is currently being reviewed by the Development Budget Coordination Committee.


date_rangeDate Published
5 months ago
shareShare article
folder_openArticle tags
content_copyCategorized under

Share your thoughts with us

Related Articles

Photo Courtesy of Muntinlupa PIO

Muntinlupa promotes urban farming 

account_balanceMuntinlupa chrome_reader_mode6 days ago

Muntinlupa harks back to its agricultural roots as it rediscovers urban farming amid the pandemic. The local government of Muntinlupa, through the Extension Services Office (formerly Department of Agriculture – Muntinlupa), launched its "...

Navotas virus positivity rate eases to 5%

account_balanceNavotas chrome_reader_mode6 days ago

Navotas Mayor Tobias “Toby” Tiangco said the city continues to gain ground in the fight against Covid-19 as its positivity rate fell to 5 percen from as high as 54 percent in May, according to a report by Man...

Photo Courtesy of Muntinlupa PIO

Muntinlupa earns positive rating in smoke-free compliance 

account_balanceMuntinlupa chrome_reader_mode2 days ago

In a recent study conducted by the Metro Manila Development Authority and University of the Philippines College of Mass Communication Foundation, Inc. on the compliance level of NCR cities in implementing Smoke-Free Policies, the City of Muntinlupa e...

The struggles in 2020 of the casino industry in the Philippines

account_balanceMetro Manila chrome_reader_mode1 month ago

Do you want to learn more about the challenges and predictions for the gambling industry in the Philippines? Find all answers in this article!

Let's Stay Connected Like us on our Facebook page.
×
Click on the article to continue reading
San Andres Sports Complex opens quarantine facility DOH vows to contain measles outbreak MMDA to close another EDSA U-turn Hotels allowed to operate at full capacity Travel agencies ask for 'full refund' from airlines LTO releases new motorcycle plates Send Press Release MNC Facebook Page MNC Twitter Page MNC Instagram Page LGU Spotlight Barangay Front Business Sports Entertainment Metro Gen Metro Feature