The Build Build Build program is the centerpiece infrastructure program of the Duterte administration, which aims to accelerate public infrastructure spending from 2.9% to 7.3% of GDP from 2016-2022 costing P8-P9 trillion. It involves 75 infrastructure projects across various sectors with a combined cost of P2.2 trillion intended to reduce costs, improve connectivity, boost rural incomes, and create 1.7 million jobs. As of November 2018, only 2 projects were completed while 24 were under development and 44 were under implementation, with many still in the planning or financing stages and only 11 under construction. The majority will be financed through foreign loans and grants, with China funding 12 projects worth P300.8 billion
The Build Build Build program is the centerpiece infrastructure program of the Duterte administration, which aims to accelerate public infrastructure spending from 2.9% to 7.3% of GDP from 2016-2022 costing P8-P9 trillion. It involves 75 infrastructure projects across various sectors with a combined cost of P2.2 trillion intended to reduce costs, improve connectivity, boost rural incomes, and create 1.7 million jobs. As of November 2018, only 2 projects were completed while 24 were under development and 44 were under implementation, with many still in the planning or financing stages and only 11 under construction. The majority will be financed through foreign loans and grants, with China funding 12 projects worth P300.8 billion
The Build Build Build program is the centerpiece infrastructure program of the Duterte administration, which aims to accelerate public infrastructure spending from 2.9% to 7.3% of GDP from 2016-2022 costing P8-P9 trillion. It involves 75 infrastructure projects across various sectors with a combined cost of P2.2 trillion intended to reduce costs, improve connectivity, boost rural incomes, and create 1.7 million jobs. As of November 2018, only 2 projects were completed while 24 were under development and 44 were under implementation, with many still in the planning or financing stages and only 11 under construction. The majority will be financed through foreign loans and grants, with China funding 12 projects worth P300.8 billion
Bachelor of Arts in Political Economy 2-1 Build! Build! Build! (BBB)Program
Centerpiece program of the Duterte administration.
Seeks to accelerate public infrastructure expenditure from an average of 2.9 percent of gross domestic product (GDP) during the Aquino regime to about 7.3 percent at the end of the Duterte administration. This will cost around P8 trillion to P9 trillion from 2016 to 2022 The BBB Program is anchored on the implementation of 75 infrastructure 5 flood control projects, 4 energy facilities and 3 social infrastructure. These IFPs, which have a combined indicative cost of P2.2 trillion, are high impact projects intended to help bring down production costs in the country, facilitate efficient movement of goods and people, improve rural incomes, encourage countryside development, and create 1.7 million jobs by 2022. By Status. As of November 2018, only 2 out of the 75 IFPs were completed, namely the “Improvement of the remaining sections along Pasig River Del Pan Bridge to Napindan Channel” and the “Pulangi 4 Selective Dredging Phase 3”. Meanwhile, 24 IFPs are under the development stage or those with completed pre-investment studies awaiting submission to the NEDA Investment Coordinating Council (ICC) (Table 2). Of the 44 projects under implementation, 15 are currently securing budget or in the financing process, 18 are under detailed engineering design (DED) and procurement, and 11 are undergoing construction works. By Source of Financing. A total of 57 projects amounting to P2 trillion will be financed through ODAs either through loan or grant from the donor country or multilateral institution (Figure 2). Meanwhile, a total of 12 projects with a combined investment requirement of P138.5 billion will be funded through the national government budget, while only about 5 IFPs amounting to P23.3 billion are expected to be financed via the PPP (Figure 2). Of the 57 IFPs up for ODA financing, 12 will be funded by China with a combined indicative cost of P300.8 billion (Figure 3). The biggest project funded by China is the construction of the 639-kilometer Manila to Bicol line of the Philippine National Railway (PNR) with an estimated cost of P175.3 billion. Among the major Japanese ODA projects are the Metro Manila Subway (P357 billion), PNR South Commuter Line, Tutuban to Calamba (P344.6 billion), and the PNR North 2 Project, Malolos to Clark (P283.8 billion). Source: National Economic and Development Authority Board’s Committee on Infrastructure (NEDA Infracom), Investment Coordination Committee-Cabinet Committee (ICC-CC). 31 projects with a combined investment requirement of P514.8 billion will be targeted to be completed by 2022 (Table 3). The remaining 44 projects amounting to P1.7 trillion will be completed beyond 2022, although some may commence implementation during the term of President Duterte. Progress of 'Build, Build, Build' | ANC Gov’t releases revised list of Build, Build, Build projects | Business Nightly References: • http://cpbrd.congress.gov.ph/2012-06-30-13-06-51/2012-06-30-13-36-50/982-ff2019-07-build- build-build-bbb-program • https://www.youtube.com/watch?v=AuF7RZ2UQg0 • https://www.youtube.com/watch?v=pThdXQkkvM4