The government is seen to fuel the country’s economic growth under the ‘Dutertenomics’, or the socioeconomic agenda of the Duterte administration.
During the Dutertenomics Forum at the Conrad Manila on Tuesday, Bases Conversion and Development Authority (BCDA) President and Chief Executive Officer Vivencio Dizon said the government would be the “prime mover” under the ‘Dutertenomics’.
Dizon noted that various government agencies are leading infrastructure projects that will spur growth in the countryside while improving the traffic situation and logistics system in the National Capital Region (NCR).
Dizon cited BCDA’s four priority projects under the current administration — Subic-Clark Cargo Railway Project (SCCRP), Bonifacio Global City (BGC) to Ninoy Aquino International Airport (NAIA) Bus Rapid Transit (BRT) System, Clark International Airport – New Passenger Terminal Building, and the New Clark City within the Clark Green City.
These projects under BCDA cost more than P65 billion.
The P32.5-billion SCCRP is a 65-kilometer cargo and passenger rail traversing Subic-Clark-Tarlac Expressway (SCTEX) and Subic Freeport Expressway (SFEX). BCDA targets the project to commence by fourth quarter of this year and complete it by 2020.
The BGC-NAIA BRT, on the other hand, costs around P15 billion. This is expected to start in Q4 2017 and completing the project by 2021.
The P17-billion new passenger terminal in Clark International Airport aims to accommodate eight million passengers per annum. BCDA also targets to kick off the project Q4 this year and delivering the project by Q4 2019.
The New Clark City, which will host mixed-use industrial real estate projects and government center, is expected to be completed by 2022. This is a part of the 9,450-hectare Clark Green City.
He mentioned that the ‘Dutertenomics’ will also attract investments both from local and foreign sources to participate in these government-led projects. (PNA)