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Did you know that of the 75 flagship projects of President Duterte's Build, Build, Build initiative, only 2 have been completed as of April 2019? #SONA2019
Here's the breakdown by status:
2 completed
9 ongoing
9 undergoing procurement
21 undergoing budgeting/financing
24 undergoing feasibility studies
5 undergoing detailed engineering designs
5 are for review
2 completed
9 ongoing
9 undergoing procurement
21 undergoing budgeting/financing
24 undergoing feasibility studies
5 undergoing detailed engineering designs
5 are for review
In terms of funding, 75% of the projects are to be funded by ODA or official development assistance (loans/grants).
Only 13% will be funded by the national budget, and 11% by public-private partnerships (PPPs).
Only 13% will be funded by the national budget, and 11% by public-private partnerships (PPPs).
If we drill down on the loan-financed projects, 42% are to be Chinese-funded (in whole or in part).
Meanwhile, all two grant-funded projects (the Binondo-Intramuros and Estrella-Pantaleon Bridges) are Chinese-funded.
Meanwhile, all two grant-funded projects (the Binondo-Intramuros and Estrella-Pantaleon Bridges) are Chinese-funded.
The 2 completed projects are relatively minor/obscure. Many ongoing projects are located at Clark.
*cost in million PhP
*cost in million PhP
None of the 10 largest BBB projects, including the Metro Manila Subway, are categorized as "ongoing" as of April. They are at various stages of budgeting/financing, procurement, or detailed engineering designs.
*cost in million PhP
*cost in million PhP
