Swedish defense, transportation companies eyeing PHL modernization

News

Swedish Volvo Group and Saab Group are eyeing to provide sustainable solutions to the Philippines’ ongoing efforts to modernize its infrastructure under the Duterte administration’s “Build, Build, Build” program, particularly in setting up a bus rapid system and beefing up security in the country’s airports, the Department of Finance (DOF) said.

DOF said the intent was tackled during a recent meeting between Finance Secretary Carlos Dominguez IIII and Swedish Ambassador to the Philippines Harald Frie.

“The Volvo Group manufactures trucks, buses, construction equipment and industrial engines, while the Saab Group specializes in defense and security systems,” DOF said.

“For infrastructure, we sell sustainable solutions. We have many decades of successful work in this area in Sweden. The Swedish infrastructure minister has invited Transportation Secretary Arthur Tugade to Sweden to study how we do it,” the Swedish ambassador said.

Also with Ambassador Fries during the meeting was Ulf Wennblom, country manager for the Philippines of Business Sweden.

According to Mr. Wennblom, Sweden has been “in close contact” with the Department of Transportation (DOTr) under Tugade to come up with efficient alternative solutions, such as the provision of passenger buses on EDSA, to help ease the woes of commuters riding the Metro Rail Transit Line 3 (MRT-3) system.

Source: https://www.dof.gov.ph/index.php/swedish-investors-eyeing-build-build-build/