PRESIDENT Rodrigo R. Duterte will unveil a revised list of about 100 big infrastructure projects to be launched before his term ends in 2022, after some earlier projects were found to be unfeasible, an adviser said.
鈥淲e鈥檙e redoing the entire list,鈥 Vivencio B. Dizon, who was appointed last month as presidential adviser for flagship infrastructure projects, said in an interview Thursday in Manila.
Projects 鈥渄eemed unfeasible at this time鈥 were dropped after a review of the original 75 projects in Mr. Duterte鈥檚 $180-billion 鈥淏uild, Build, Build鈥 program, said Mr. Dizon, who is also president and chief executive officer of the Bases Conversion and Development Authority (BCDA).
Added to the list were some unsolicited proposals and others being considered for tender under the public-private partnership program, he said.
The new list, to be unveiled by the end of the year, will include regional airports and projects in information and communications technology, water, power and urban renewal, said Mr. Dizon, who heads the government agency that converts former military bases for civilian uses.
PRESSING NEED
The revisions to the list underline the challenges — ranging from policy reversals to financing difficulties — in addressing urgent infrastructure needs in the Philippines and across Southeast Asia.
Political uncertainty earlier this year delayed projects in Thailand, while the Indonesian government is turning to tax benefits to help fund airports, roads and railways.
It remains to be seen whether the Duterte administration鈥檚 revised list will help close the Philippines鈥 infrastructure gap.
鈥淭he question isn鈥檛 really whether the list is longer or shorter, but rather have they addressed the root issues in de-bottlenecking infrastructure implementation?鈥 said Euben Paracuelles, chief ASEAN economist at Nomura Holdings, Inc. in Singapore.
Asked how he鈥檒l ensure that the revised plan is implemented, Mr. Dizon said all projects on the list have undergone feasibility studies.
鈥淲e鈥檒l build enough momentum so they won鈥檛 be reversed. That鈥檚 the key,鈥 he said.
Mr. Dizon also said the BCDA and China Gezhouba Group are set to sign an agreement by yearend to develop a 500-hectare, mixed-use industrial park in New Clark City, a metropolis planned northwest of Manila. It will be marketed to Chinese, Japanese, Korean and American manufacturers.
He added that BCDA and Banyan Tree Holdings Ltd. will soon sign an agreement to develop a resort complex in New Clark City and that BCDA has tapped Los Angeles-based Aecom, which provides professional technical services to the US government, to study how to best make use of its land portfolio of more than 40,000 hectares. — Bloomberg
