Infrastructure

The Duterte administration’s plan to jack up infrastructure spending to up to 7 percent of the economy by 2022 would bring about a “golden age of infrastructure” in the next six years, Budget Secretary Benjamin E. Diokno said Wednesday.

Diokno nonetheless told reporters that despite the planned spending boost, it may take a decade before the infrastructure gap in the country would be totally addressed.

The Budget chief was also pitching more “hybrid” public-private partnership (PPP) projects to speed up infrastructure development.

Read more: http://business.inquirer.net/212163/budget-chief-duterte-admin-to-usher-in-golden-age-of-infrastructure#ixzz4FTUitZ1J

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