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The government has presented 15 additional projects for the US and Japan to consider supporting for the development of Luzon Economic Corridor
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The additional projects were presented last week during the second steering committee meeting, of which Secretary Frederick Go is co-chair
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Go disclosed that the government plans to streamline the priority projects from 43 to just five or six
The government has presented 15 additional projects for the US and Japan to consider supporting for the development of the Luzon Economic Corridor.
Secretary Frederick Go, Special Assistant to the President on Investment and Economic Affairs, told journalists on September 2 that the additional projects were presented during the second steering committee meeting for the Luzon economic corridor last week.
He said the additional projects, which were identified by the Subic Bay Metropolitan Authority, Department of Energy, and the Department of Public Works and Highways, bring the total number of proposed projects to 43.
Go disclosed that the government plans to streamline the priority projects from 43 to around five or six. He said the shorter list is likely to include infrastructure and energy projects.
28 projects were presented during the first steering committee meeting in May, with the projects proposed by the Bases Conversion and Development Authority, National Economic and Development Authority, and the Department of Transportation, Go said.
The next steering committee meeting is slated for November.
Go co-chairs the Luzon Economic Corridor steering committee, along with US Senior Advisor to the President for Energy and Investment Amos Hochstein and Japan Ministry of Foreign Affairs Director-General for International Cooperation Bureau Ishizuki Hideo.
The committee aims to drive infrastructure investment and development along the Luzon corridor. It implements the commitment made by trilateral leaders in April to develop the Luzon Economic Corridor under the PGI Indo-Pacific Economic Framework (IPEF) Investment Accelerator.
The Luzon Economic Corridor, a product of the trilateral summit between the Philippines, the United States, and Japan, includes key projects like the Subic-Clark-Manila-Batangas cargo railway.
