Philippines plans major infrastructure boost
Contributors are not employed, compensated or governed by TD, opinions and statements are from the contributor directly
The Philippines government has announced plans to raise as much as PHP200 billion (US$4.6 billion) for a fund that private companies can use to finance road, rail and port projects. Bloomberg reported the country’s Economic Planning Secretary, Cayetano Paderanga, as saying yesterday that the government may provide loans with tenures of up to 25 years for approved infrastructure projects. The country will invite private industry to build US$1 billion worth of roads and railways this year, he said.
Comments are closed.