“Build, Build, Build”: the solid backbone for growth—President Duterte

President Rodrigo Duterte emphasized the importance of the government's "construction, construction, construction" plan at the opening ceremony of Boao Asia for Forum held in Hainan, China on April 10, 2018.

In a speech by government leaders and leaders led by President Xi Jinping of China, President Duterte not only improves national infrastructure but also provides a connection between people and the community He said. Create more employment opportunities, strengthen investment climate, and achieve ongoing incremental growth

"Our building, building, and building programs provide a solid foundation for growth that will allow us to upgrade infrastructure, link more people and communities, and create more jobs Continued, totaling over $ 69 billion by 2022, "Duterte said

Among them, President Xi Jinping immediately said that "China is fully supporting your Build Build Build program."

Infrastructure is one of the top priorities of the Duterte government and expenditure on public infrastructure will reach 8 to 9 trillion pesos from 2017 to 2022.

Major infrastructure projects based on the construction plan include construction of Subic Clark railroad, north-south railroad project connecting Los Banos, Toagan Bang of Laguna and Manila, Clark Freeport of Pampanga, 1,500 hectares of industrial estate. Expansion of Clark International Airport - This is the first hybrid public-private partnership project initiated by the Duterte government. These are joint projects of the Ministry of Transportation (DOTr) and the Base Transformation Development Bureau (BCDA).

Vivencio Dizon, Chairman and CEO of BCDA, the representative member, stated that: "Clark is a new frontier of the country.Through our current development, our goal is to eliminate Manila's predicament and make Clark the next investment.Destination.

Mr. Duterte also emphasized the determination to cooperate with all the countries in this region, including China. He said the Philippines is a partner building the infrastructure that is very needed. "Because the sovereignty is equal, the Philippines and China are partners for building the infrastructure needed, we are building a bridge of understanding among people.We strengthen economic complementarity We are working together to do it. "

In the first year of the Duterte administration, investment in China in the Philippines increased from US $ 27 million (40 billion Philippine peso) in 2016 to 31% in 2017, reaching US $ 31 million (61 billion Philippine · Peso). did.

The "Construction, Building and Building" program is the medium-term target of the Duterte government to increase infrastructure expenditure to President Rodrigo from 4% of gross domestic product (GDP) in 2017. 3% by the end of 2022. This exceeds the average of 4% recorded by the past six governments over the past 60 years and the budget allocation to the Philippine's best infrastructure in history. In order to effectively capture the golden age of infrastructure, the Philippine government invests about 8.4 trillion rupees (about 16 to 20 billion US dollars) in the infrastructure plan according to the ASEAN Connectivity Master Plan aimed at promoting capital and logistics It's a schedule. People from all over the country. In terms of budget, Luzon, Visayas and Mindanao are in the same position for the first time.

President Manila - Rodrigo Duterte 's government in the Philippines called' construction, construction, construction 'the' most ambitious infrastructure project in national history ', but the Ministry of Public Works (DPWH) acknowledged it. It fell below the target below and the government also incurred millions of dollars bank charges. "We are depriving people of direct access to a safe and reliable road network system, direct access to school buildings and people benefiting from health, the possibility is" COA says