MANILA, Philippines – Rising debt service expense and government payroll have led to the contraction of proposed infrastructure funds for next year, Budget Secretary Rolando Andaya Jr. said yesterday.
THE Department of Transportation and Communications (DOTC) will propose a list of projects under the new Comprehensive and Integrated Infrastructure Program (CIIP) for 2010 to 2013.
Key infrastructure projects require huge funding estimated at P2 trillion. According to the National Economic and Development Authority (NEDA), P1.15 trillion will come from the national government and P613 billion from the private sector.
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Editor’s note: The first part reported on the apparent haste to push through with P52-billion Laiban Dam project in Rizal province, potentially the biggest infrastructure projects to be launched by the Arroyo administration.
The government is likely to cough up millions of dollars in subsidies for the operation of Chinese-funded North Luzon Railway until 2028, according to a government document.
The private sector component of the P100-billion infrastructure fund is nearly complete, with the first project expected to start within the first quarter, the Philippine Chamber of Commerce and Industry (PCCI) said.
Invoke Article 33 of the ILO constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of Forced Labour and Freedom of Association protocols.
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