Review of ‘Build, Build, Build’ to yield expanded, more comprehensive listDizon: 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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