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Big businesses betting on Dutertenomics

MANILA – Big businesses in the Philippines are investing heavily on the infrastructure projects under the Duterte administration.

Under President Duterte’s ‘Build, Build, Build’ P8-trillion infrastructure program, the President’s economic team has announced a list of projects being offered by the business sector to the administration;

  1. Businessman Andrew Lim Tan, chairman of Alliance Global, proposed to build a monorail from EDSA to the Fort Bonifacio financial center to ease the traffic congestion.
  2. Metro Pacific Investments Corp, headed by Manuel V. Pangilinan, will put up a P8-billion credit line for potential investments. The firm began building the Cavite-Laguna expressway last June.
  3. The Consunji group, one of the leading construction companies in the Philippines, announced recently the construction of a P340-million cement business.
  4. In September, a toll road that connects the North and South Luzon Expressways will be built by Metro Pacific ,and which express interest to run the MRT Line 3 with a P20 “billion rehabilitation plan.”
  5. San Miguel President Ramon Ang is bidding $2-billion flood control project in the National Capital Region.
  6. Another proposed endeavor is the PNR East railway Project, which will start from Quezon Avenue to España Boulevard. This is pushed by Megawide Construction Corp in partnership with East-West Rail Transit Corp.
  7. Also on the planning stage is a P20 billion terminal in the Ninoy Aquino International Airport to be built by business tycoon Lucio Tan.

There are other companies interested in joining the infrastructure bandwagon like cosmetics-maker Ever Bilena and luxury property developer Century Properties and Insular Life.

The infrastructure projects are expected to generate 2 million jobs annually thus bringing in the golden age of construction building, according to government officials.

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About Ariel Arcebido

Ariel is a retired US Navy veteran. Was a Radio station manager at DWAU104.1FM at the Angeles University Foundation for 11 years. Wrote for the newsletter of the University called the AUFGAZETTE.