President Benigno Aquino wants to attract private investors to generate funds to upgrade dilapidated infrastructure and free up state funds for other projects. His economic team met business groups in the United States last month. [ID:nSGE682098]
On Monday, the finance secretary said projects would be put out for bidding in the first half of next year. [ID:nMNA002902]
Following are details of the priority projects, the estimated cost where available, and expected completion time or date, based on government data:
- Expansion of the Light Rail Transit (LRT) line 1 in the capital by 11.7 kilometres southward to Cavite province: 70 billion pesos; four years.
- Four-kilometre extension of eastern portion of the Metro Rail Transit line 2: 11.3 billion pesos; two years.
- Construction of a new airport in Panglao island, central Bohol province: 7.54 billion pesos; four years.
- Rehabilitation of the Puerto Princesa airport in southwestern Palawan province: 4.36 billion pesos; four years.
- Construction of an elevated expressway in the capital linking the North Luzon Expressway and the South Luzon Expressway: 21 billion pesos; 2014.
- Construction of the Manila side of the CALA expressway linking southwestern Cavite province to the capital: 10.5 billion pesos; mid 2015.
- Construction of the Daraga international airport in central Philippines: 3 billion pesos.
- Development of a city terminal to service the Diosdado Macapagal International Airport (DMIA) at the former U.S. military base Clark in Angeles, Pampanga province north of Manila: no cost provided; 2011.
- Privatisation of the maintenance and operation of the Laguindingan International Airport in the southern Misamis Oriental province: no cost provided; 2011.
- Supply of treated bulk water for Metro Manila to meet long-term demands: no cost provided; no date provided. ($1=44 pesos) (Reporting by Rosemarie Francisco, editing by Miral Fahmy)