PHILIPPINES MULTI-BILLION Infrastructure Projects Socio-Economic Benefits
These are socio-economic benefits of the Philippines' Multi-Billion Infrastructure Projects through its Build Better More programs. Infrastructure Development is the backbone of economic progress. It plays a critical role in society and the economy by providing services to households and industries.
As the Philippines transitions from low-middle income to High-middle Income this year, the countries have to move on, to higher quality and more sophisticated infrastructure like railways, subways, world-class international airports, telecom facilities, and renewable energy.
From the $180 Billion Build Build Build program from the previous administration to $372 Billion worth of proposed infrastructure projects, under the present administration through its Build Better More Agenda. The Philippine Government will double its effort to fill the Gap in the country’s infrastructure needs.
The government’s economic planning agency, Neda has identified some 3,600 infrastructure projects, of which 194 are newly approved infrastructure flagship projects, amounting to $170 billion. These will participate in the Build Better More program, which aims to provide a better and more convenient life in all sectors of society.
Aside from railways, airports, bridges, and expressways, the Build Better More program will also include Digital connectivity, flood control, irrigation, water supply, health care, power, and energy projects.
So what will be the Benefits and impacts of these projects for the Filipinos and the Philippine Economy?
First, these projects will provide more and better jobs to ordinary Filipinos.
The Build Better More program will provide a solution to perennial traffic congestion in major Cities across the country.
These Infrastructure Projects will help secure the country’s Food Security.
Infrastructure Projects that would lessen the effect of Climate Change.
Infrastructure projects will prepare the Country for Digitalization.
Infrastructures Related to Electricity.
Tourism-related Infrastructures.
Adequate Infrastructure Invites more Investments.
Join this channel to get access to perks:
/ @aseananalytics
These are socio-economic benefits of the Philippines' Multi-Billion Infrastructure Projects through its Build Better More programs. Infrastructure Development is the backbone of economic progress. It plays a critical role in society and the economy by providing services to households and industries.
As the Philippines transitions from low-middle income to High-middle Income this year, the countries have to move on, to higher quality and more sophisticated infrastructure like railways, subways, world-class international airports, telecom facilities, and renewable energy.
From the $180 Billion Build Build Build program from the previous administration to $372 Billion worth of proposed infrastructure projects, under the present administration through its Build Better More Agenda. The Philippine Government will double its effort to fill the Gap in the country’s infrastructure needs.
The government’s economic planning agency, Neda has identified some 3,600 infrastructure projects, of which 194 are newly approved infrastructure flagship projects, amounting to $170 billion. These will participate in the Build Better More program, which aims to provide a better and more convenient life in all sectors of society.
Aside from railways, airports, bridges, and expressways, the Build Better More program will also include Digital connectivity, flood control, irrigation, water supply, health care, power, and energy projects.
So what will be the Benefits and impacts of these projects for the Filipinos and the Philippine Economy?
First, these projects will provide more and better jobs to ordinary Filipinos.
The Build Better More program will provide a solution to perennial traffic congestion in major Cities across the country.
These Infrastructure Projects will help secure the country’s Food Security.
Infrastructure Projects that would lessen the effect of Climate Change.
Infrastructure projects will prepare the Country for Digitalization.
Infrastructures Related to Electricity.
Tourism-related Infrastructures.
Adequate Infrastructure Invites more Investments.
Join this channel to get access to perks:
/ @aseananalytics