Author Topic: Gov’t reviews viability of infra plan  (Read 2688 times)

adroth

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Gov’t reviews viability of infra plan
« on: October 24, 2019, 01:02:35 AM »
Gov’t reviews viability of infra plan
By: Ben O. de Vera - Reporter / @bendeveraINQPhilippine Daily Inquirer / 04:09 AM October 01, 2019

The Duterte administration is reviewing the viability of its ambitious “Build, Build, Build” program, with the possibility of including in the pipeline emerging big-ticket projects to be rolled out by the private sector as the government wanted to start and finish as many infrastructure as possible before the President steps down in 2022.

“We’re reviewing the list and may make changes,” Socioeconomic Planning Secretary Ernesto M. Pernia told the Inquirer Monday.

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The Duterte administration had been shunning the PPP mode as its economic team had said the process from project approval to rollout had been slow during the previous administration of President Benigno Aquino III, wherein only 10 projects were implemented during its six years in office despite a promise to roll out 10 each year.

Duterte’s economic managers were instead pushing for a “hybrid” PPP model wherein the government rolled out the projects and later bid out operations and maintenance (O&M) contracts to the private sector.

Officials told the Inquirer that slow-moving projects might be removed from the list, while huge PPP projects that were recently approved by the government but not yet part of the Build, Build, Build pipeline could be included.


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At this pace, 21 projects worth P187.6 billion out of the 75 flagship projects worth a total of at least P2.4 trillion will be finished in 2022 or the year President Duterte steps down, the latest Neda status report on the progress of Build, Build, Build showed.

“The remaining 54 projects will be completed beyond 2022, but may commence implementation during the current administration,” it noted.

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Read more: https://business.inquirer.net/280133/govt-reviews-viability-of-infra-plan#ixzz63CEyw9yW
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adroth

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Re: Gov’t reviews viability of infra plan
« Reply #1 on: October 24, 2019, 01:12:14 AM »
Review of ‘Build, Build, Build’ to yield expanded, more comprehensive list
Dizon: About half of 75 projects in current lineup may not be feasible
By: Ben O. de Vera - Reporter / @bendeveraINQPhilippine Daily Inquirer / 03:31 AM October 16, 2019

Midway through the Duterte administration’s term, its economic and infrastructure teams have started reviewing the ambitious “Build, Build, Build” program to possibly include emerging big-ticket projects being pitched by the private sector—although cautious not to repeat mistakes in the past that were deemed too accommodating to firms’ profits at the expense of taxpayers’ money.

“Build, Build, Build”—launched in 2017—is aimed at ushering in the “golden age of infrastructure” in the country after years of neglect.

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Inroads in the massive program thus far already jacked up government spending on infrastructure development to 5 percent of gross domestic product (GDP) last year—“double the average spending over the last 50 years,” Dominguez pointed out.

“We expect to bring this up further to 7 percent by 2022,” added Dominguez, who heads the administration’s economic team.
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According to the latest Neda status report on the progress of “Build, Build, Build” as of July, only 21 projects worth P187.6 billion out of the 75 flagship projects worth a total of at least P2.4 trillion will be finished in 2022.

“The remaining 54 projects will be completed beyond 2022, but may commence implementation during the current administration,” the Neda report read.

As of mid-2019, 46 “Build, Build, Build” projects worth P1.6 trillion were being implemented, although only nine were currently under construction.

Of the 46, two were completed, six were undergoing detailed engineering and design, 10 under procurement, 12 undergoing budgeting/financing, and seven up for reevaluation by the ICC.

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Read more: https://business.inquirer.net/281167/review-of-build-build-build-to-yield-expanded-more-comprehensive-list#ixzz63CKue9lV
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adroth

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Re: Gov’t reviews viability of infra plan
« Reply #2 on: October 25, 2019, 09:54:09 PM »
PH not canceling China-funded projects while gov't reviews infra goals: Pernia
ABS-CBN News
Posted at Oct 24 2019 06:57 PM

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Among the China-funded projects that are set to proceed are the Kaliwa Dam, Subic-Clark railway, Manila to Bicol railway, Mindanao railway, an expressway in Mindanao, and 2 bridges over the Pasig River.

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