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How is build build build working in the philippines?


Asked by Lilianna Duke on Nov 30, 2021 FAQ



As the Philippines ramps up infrastructure investment under President Rodrigo Duterte’s ambitious “Build, Build, Build” program, government agencies are changing the way they do business to make sure projects happen on time and on budget. New ideas, technologies to support “Build, Build, Build”.
In this manner,
As of mid-2019, 46 “Build, Build, Build” projects worth P1.6 trillion were being implemented, although only nine were currently under construction. Of the 46, two were completed, six were undergoing detailed engineering and design, 10 under procurement, 12 undergoing budgeting/financing, and seven up for reevaluation by the ICC.
In respect to this, The program is part of Dutertenomics, the government’s economic policies to achieve the “golden age of infrastructure” in the Philippines. It seeks to reduce poverty by attracting foreign investments, making transport of people and goods more efficient, and generating jobs.
Subsequently,
Throughout President Rodrigo Duterte's term, Philippine economic managers touted the Build, Build, Build infrastructure program as fuel to economic growth. From the original 75 projects promised, Build, Build, Build has evolved to a massive program of 119 projects.
In fact,
According to the latest Neda status report on the progress of “Build, Build, Build” as of July, only 21 projects worth P187.6 billion out of the 75 flagship projects worth a total of at least P2.4 trillion will be finished in 2022.