The Philippines Department of Transport has allocated US$677.72 million of its US$11.1 billion 2014 budget to modernise the country’s transport system.
Rail system, public transport system, infrastructure, airport and maritime projects are all in the pipeline. Plans include the development of an integrated multimodal logistics and transportation system that will benefit large cities and smaller towns and rural areas, as well as a reliable and affordable public transportation system nationwide, the establishment of roll on-roll off (RoRo) ports in isolated areas, an integrated maritime network and development of the country’s cruise shipping and airports.
National Economic and Development Authority director general Arsenio M Balicasan said the rise in infrastructure spending next year will reduce the cost of transporting goods and people, support agricultural productivity, reduce risk from disasters and boost economic investments and employment.
Rail system, public transport system, infrastructure, airport and maritime projects are all in the pipeline. Plans include the development of an integrated multimodal logistics and transportation system that will benefit large cities and smaller towns and rural areas, as well as a reliable and affordable public transportation system nationwide, the establishment of roll on-roll off (RoRo) ports in isolated areas, an integrated maritime network and development of the country’s cruise shipping and airports.
National Economic and Development Authority director general Arsenio M Balicasan said the rise in infrastructure spending next year will reduce the cost of transporting goods and people, support agricultural productivity, reduce risk from disasters and boost economic investments and employment.
