Home Breaking News Construction of 10 big-ticket infrastructure projects to start within the year —...
Construction of 10 big-ticket infrastructure projects to start within the year — DoF
CONSTRUCTION WORKS for 10 of the 75 key large-scale infrastructure projects of the Duterte administration are set to begin in the latter half of this year.
Department of Finance (DoF) data show that projects moving into the construction stage include the P4.61 billion Binondo-Intramuros bridge and the P1. 37-billion Estrella-Pantaleon Bridge, where both of which were funded by China grants.
It also includes the China-funded P4.37-billion Chico River Pump Irrigation Project and the P35.26-billion Mindanao Railway Project, Tagum, Davao, Digos segment that is split between the government budget and China loans.
The Panguil Bay Bridge Project worth P4.86 billion financed by Korea official development assistance (ODA) will also start in the second half of the year, as well as the P1-billion repair of revetment and parapet walls and drainage improvements along Pasig River from Delpan Bridge to Napindan Channel, funded by an undetermined ODA source.
There are also four public-private partnership (PPP) projects readied for construction, namely the P3.33-billion mixed-income housing center, P1.78-billion government center, P850-million commercial center components of the Clark Green City.
It also includes the New Bohol Airport operations and maintenance PPP concession worth P2.34 billion. — Elijah Joseph C. Tubayan