MANILA— The economic managers of the Duterte administration has launched for the first time, “Dutertenomics” or the government’s plans for economic development.
In the forum they discussed big infrastructure projects which are seen to sustain economic growth in the country.
According to Budget Secretary Benjamin Diokno, the government will be spending around P8.4 trillion for these projects in six years’ time.
“We’re going to ramp up our infrastructure spending to achieve what we called the golden age of infrastructure,” he said.
One of these projects is the first subway in the Philippines which will be called the Mega-Manila Subway.
The first phase of this project amounts to P227 million and will be funded through the Official Development Assistance and General Appropriations Act.
The project is targeted to start in the fourth quarter of 2020 and be finished in the second quarter of 2024.
Upon completion of the project, trips from Manila to Taguig will be only 31-minutes long. 350,000 passengers are projected to use this mass transportation every day.
“Our target signing for this contract is November this year. Hopefully that agreement will be signed between Prime Minister Abe and President Duterte, November this year,” Transportation Secretary Arthur Tugade said.
The Cabinet members appealed for the public’s trust when it comes to the infrastructure projects under the Duterte administration while they themselves admit these projects are ambitious.
There is also a portal in which the public can check on the projects as part of the transparency program of the government.
Meanwhile, in July this year, the office of the Department of Transportation will be transferred to Clark City, Pampanga as a way of decongesting Manila.
DOTr will be the first government agency to locate its office in Clark.
“I see that we have to set a model that we are willing to transfer our office. My original plan was in december but many were complaining, we will transfer in July whether the office will be finished or not finished,” Secretary Tugade said. — Rosalie Coz | UNTV News & Rescue