Despite the pandemic, the government is committed to pursuing its infrastructure program and allotted 5.4% of its gross domestic product to infrastructure.
This was contained in the 2020-year end statement of Socio-Economic Planning Secretary Karl Kendrick Chua.
In the 2021 GAA, some P1.1 trillion, around 5.4% of GDP, is allocated to infrastructure.
“We estimate that around 1.7 million direct and indirect jobs would be created by the infrastructure program in 2021”, Chua said, adding this highlights the infrastructure program’s pivotal role in reviving the economy given its high multiplier effect.
In response to COVID-19, we have also reassessed and reprioritized our infrastructure program to include more projects that are responsive to addressing the challenges brought by the pandemic, the statement added.
The revised list of infrastructure flagship projects now include 104 projects under the sectors of health, information and communications technology, power and energy, transport and mobility, urban development, and water resources.
Chua disclosed that the two major criteria for the revised list of projects is the readiness of the project and its substantial completion or implementation within the term.
The Duterte administration recently identified about 104 priority projects for its flagship Build, Build, Build program, higher than the 75 projects earlier announced.
Included in the list are the Metro Manila subway project, the upgrading of the Ninoy Aquino International Airport (NAIA), the Cebu monorail system, and the Mindanao Railway project.
The government is prioritizing the construction of infrastructure projects around the country after, citing its long-term effect on the sustainability of domestic growth.
After works in some of these projects were temporarily suspended following the declaration of an enhanced community quarantine (ECQ) in Luzon from mid-March to end-April, and until end-May for Metro Manila, Uy said construction works resumed around June based on the report from the Department of Public Works and Highways (DPWH).
He, however, said that continued quarantine restrictions and the impact of typhoons remain among the challenges for the projects.