The Duterte administration’s Build Build Build program is embodied in the Philippine Development Plan 2017-2022. Socioeconomic Planning Secretary Ernesto M. Pernia said it is also in line with the country’s development priority of enhancing infrastructure development in order to attract investments, generate jobs, and spur economic growth.
Build Build Build, the administration’s comprehensive infrastructure development program, was launched during the Dutertenomics Forum held last April 18 at The Conrad Hotel, Pasay City.
During the forum, the NEDA joined the Bases Conversion and Development Authority and the Departments of Finance, Budget and Management, Public Works and Highways, and Transportation, to discuss the government’s economic priorities for years 2017 through 2022.
“The thrust of the development strategy is to bring development to the regions. That is where our infrastructure projects will be located,” said Pernia during his presentation about the Philippine economy.
Pernia presented the country’s Three-Year Infrastructure Program (TRIP) for years 2017-2019, which has an indicative total investment requirement of PHP3,608.04 billion. This will finance projects in transportation, water resources, social infrastructure, energy, ICT, and others.
Furthermore, Pernia also mentioned that there are currently 55 public-private partnership projects currently in the pipeline, 15 of which are already in different stages of implementation.
The Dutertenomics Forum was organized by the Presidential Communications Operations Office in partnership with the Department of Finance.
To view priority infrastructure projects of the government to track their status, visit www.build.gov.ph.
Marianna Antonia B. Diaz, DIS-PRD, loc. 103
Photos by Leody P. Barcelon