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Aquino in Final Philippine Infrastructure Push as Election Nears

  • 60% of 2016 public works projects to be awarded by March
  • Foreign contractors given easier access to big-ticket projects
Updated on

With seven months left in office, Philippine President Benigno Aquino is taking measures to strengthen his infrastructure legacy and boost the resilience of one of Asia’s fastest-growing economies.

The government aims to award by the end of the first quarter at least 60 percent of the $7.6 billion in public works projects planned for 2016 before a pre-election ban comes into force, Public Works Secretary Rogelio Singson said. The president also signed an order on Nov. 13 to ease access for foreign contractors to deals worth at least 3 billion pesos ($64 million) by allowing them to apply for a permanent license to potentially work on multiple projects instead of having to apply on a per-project basis, he said.