Aquino in $6.5 Billion Push for Philippine Infrastructure Legacy
- 11 projects up for bidding before Aquino's term ends in June
- President to hand over more than 50 projects to successor
Benigno Aquino.
Photographer: Julian Abram Wainwright/BloombergThis article is for subscribers only.
The Philippines plans to solicit bids for $6.5 billion worth of projects from roads to airports before President Benigno Aquino’s six-year term ends in June, seeking to leave his successor a robust pipeline of infrastructure deals.
Eleven projects, including a $2.6 billion highway and land reclamation, will be up for grabs in coming months, from a list of 50 deals that will be handed to the next administration, said Andre Palacios, 45, the new head of the agency overseeing big-ticket infrastructure projects.