Republic of the Philippines

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(YEARENDER) DOTr: Modest improvements on Metro traffic but there’s more to be done

(YEARENDER) DOTr: Modest improvements on Metro traffic but there’s more to be done

Traffic congestion particularly in Metro Manila and other urban areas of the country has been a major concern for the public as it has caused inconvenience in travel and cost much time that could be better utilized for productive activities. Some motorists and commuters have observed that traffic congestion happens in most parts of the... continue reading

MRT capacity seen up 60% by end of 2017

MRT capacity seen up 60% by end of 2017

The passenger capacity of Metro Rail Transit Line 3 is expected to increase by 60 percent by the end of 2017 with the deployment of new trains, according to the train system’s maintenance provider, Busan Universal Rail Inc. China’s Dalian Locomotive & Rolling Stock Co. would have completed the delivery of 48 new train coaches... continue reading

AIIB to finance 2 infra projects

AIIB to finance 2 infra projects

Asian Infrastructure Investment Bank (AIIB) president Jin Liqun has expressed enthusiasm in finalizing Philippine infrastructure projects for financing by the China-led multilateral lender after the Senate ratified the bank’s Articles of Agreement. Two initial projects that the AIIB will co-finance in the Philippines with other multilateral lending institutions are the Metro Manila Flood Management Project... continue reading

AIIB to co-finance flood control, bus transit system infra projects

AIIB to co-finance flood control, bus transit system infra projects

The China-led Asian Infrastructure Investment Bank (AIIB) will co-finance the Metro Manila Flood Management and the EDSA Bus Rapid Transit system projects with other multilateral lending institutions, the Department of Finance (DOF) announced Monday. Finance Secretary Carlos Dominguez 3rd said AIIB President Jin Liqun met recently with Philippine officials, during which he confirmed that the... continue reading

AIIB president enthusiastic to finance PHL infrastructure projects

AIIB president enthusiastic to finance PHL infrastructure projects

Asian Infrastructure Investment Bank (AIIB) President Jin Liqun is eager to finalize the Philippine infrastructure projects for financing after the Senate positively acted on the bank’s Articles of Agreement before the 2016 deadline. Jin said the two initial projects the AIIB will cofinance in the Philippines with other multilateral lending institutions are the Metro Manila... continue reading

AIIB agrees to co-fund EDSA BRT, Metro Manila flood project

AIIB agrees to co-fund EDSA BRT, Metro Manila flood project

‘We are all very eager to finalize the infrastructure projects in your country,’ says Asian Infrastructure Investment Bank President Jin Liqun MANILA, Philippines – The president of China-led Asian Infrastructure Investment Bank (AIIB) pledged to co-fund the P23.46-billion Metro Manila flood control project and the P37.76-billion EDSA Bus Rapid Transit (BRT) system in the country.... continue reading

DOT, PAL launch new SIN-CEB direct flights amid PRody’s Singapore visit

DOT, PAL launch new SIN-CEB direct flights amid PRody’s Singapore visit

MANILA, Dec. 20 — The Department of Tourism (DOT) and Philippine Airlines (PAL) formally launched the Philippine flag carrier’s new direct flights from Singapore to Cebu, a few hours President Rodrigo R. Duterte left for Manila following his two-day State Visit to the Lion City. A fully-booked PAL PR 518 took its maiden flight from... continue reading

Building boom

Building boom

For years now, the Philippines has been one of the fastest-growing economies in Southeast Asia. But the growth has been spotty, with some areas benefitting enormously while others, most notably infrastructure, have remained behind. Over the next six years, however, the country wants to reverse the trend, with plans to spend around $170 billion in... continue reading

Gov’t sets guidelines for hybrid PPP

Gov’t sets guidelines for hybrid PPP

MANILA, Philippines – The government is working on the guidelines for hybrid public-private partnership (PPP) projects that would provide for the use of government-to-government financing and private sector management of operations, PPP Center executive director Ferdinand Pecson said yesterday. A technical working group composed of the PPP Center, National Economic and Development Authority (NEDA), Department... continue reading

PPP projects under procurement unaffected by proposed ‘hybrid’ system

PPP projects under procurement unaffected by proposed ‘hybrid’ system

PUBLIC-PRIVATE partnership (PPP) projects already approved by the National Economic and Development Authority (NEDA) Board will not be affected by the “hybrid” PPP project procurement process the government wants to pursue. “That (hybrid PPP) will not stop this. Hindi yan maapektohan ng (It will not be affected by the) decision process…,” PPP Center Executive Director... continue reading