Tugade urges British businessmen to invest in Build Build Build

Department of Transportation (DOTr) Secretary Arthur Tugade, as representave of the Philippine Government’s Infrastructure Cluster, urged British investors and businessmen to invest in the Philippines.

At the Philippine Economic Briefing in London held last 25 September 2018, Secretary Tugade presented the government’s Build Build Build program on behalf of Department of Public Works and Highways (DPWH) Secretary Mark Villar and Bases Conversion and Development Authority (BCDA) President Vince Dizon, who were also present at the briefing.

Sec. Tugade presented the high impact projects under the BBB and the profitable opportunities that the Philippines is offering. The massive infrastructure program is envisioned to strengthen the economy, increase incomes, and improve the investment climate that will lead to more job opportunities for Filipinos.

He explained that building bridges, roads, and modern transport systems is vital in an archipelagic country like the Philippines in terms of enhancing interconnectivity and mobility to promote growth and develop industries.

“Without infrastructure, there will be no connectivity. Connectivity must come in terms of bridges, roads, and farm to market roads. Connectivity must come in water-shed and effective facilities,” he said.

DOTr has completed one international airport in Cagayan and is set to inaugurate one more in Panglao,
Bohol within the year. The Bicol airport in Albay is being constructed, while airports in Bulacan and Sangley are being proposed to complement NAIA and Clark.

Sec. Tugade also shared the DOTr’s vision to complete 1,900 kilometers of railways from Luzon to Mindanao. He added that the country’s first subway system will be breaking ground in December, with construction set to commence next year.

In addition, the government is also committed to building new cities. The New Clark City will house two world-class sports facilities, government buildings, and a commercial center. Phase 1 will be ready by October 2019 in time for the Philippines’ hosting of the SEA Games.

In conclusion, Sec. Tugade encouraged British stakeholders to come to the Philippines and invest. He assured them that it is safe to invest in the country because it has a government that does not tolerate corruption.

“I would like to encourage you to come to the Philippines and partner with us as we walk and as we do a quest on what our President calls the golden age of infrastructure,” he said.

The Philippine delegation was led by Finance Secretary Carlos Dominguez. DOTr

Source: https://www.facebook.com/DOTrPH/posts/1211535568985577