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BIGGEST PROJECTS MARCOS ADMINISTRATION BUILD BETTER MORE PBBM wants to ‘Build Better More’ with focus on railway systems President Ferdinand “Bongbong” Marcos Jr. is determined to continue his predecessor’s ambitious “Build, Build, Build” infrastructure program but with a new focus on developing the country’s railway system. In his first state of the nation addres, Marcos said the infrastructure program of the Duterte administration must not only continue, but also be expanded. According to President Marcos, the government missed a great opportunity to develop our rail transport system. PBBM pointed out that there are a dozen rail projects – at ground, above the ground, and below ground, not just in the National Capital Region, but in five other regions – at various stages of implementation, and with a combined cost of PHP1.9 trillion. Larger scale railway systems like the 102-kilometer Mindanao Railway Project; Panay Railway Project; and Cebu railway system could be integrated as a vital part of the transport and communications systems.The Cebu Bus Rapid Transit, Davao High Priority Bus System, Ilocos Norte Transportation Hub, and the El Nido Transport Terminal. Marcos directed the Department of Transportation (DOTr) to build upon already existing lines by modernizing old railway systems. Full speed ahead Improving our railway system, along with modernizing existing airports and seaports. The marcos administration is committed to finish building the current portfolio of investments: approved railway projects such as the North-South Commuter Railway System; the 33-kilometer Metro Manila Subway Project; the 147-kilometer North-South Commuter Railway System; the 12-kilometer LRT-1 Cavite Extension; the 23-kilometer MRT-7 and the Common Station that will connect LRT-1, MRT-3 and MRT-7. Marcos said infrastructure development will remain a very high priority for his administration in its drive for growth and employment. Meanwhule, Marcos said infrastructure development spending will be sustained at 5% of the gross domestic product (GDP). The planned expansion of infrastructure projects, I believe, would be possible if we continue to encourage the participation of the private sector in the development of our program,” he said. Marcos said Public Private Partnerships (PPPs) offer great potential for that expansion for infrastructure development and innovation. PPP can be broadly defined as a contractual agreement between the government and a private firm targeted towards financing, designing, implementing and operating infrastructure facilities and services. #mindanaorailwayupdate #pnrbicolupdate #buildbettermore DONT FORGET TO LIKE SHARE COMMENT AND SUBSCRIBE... HIT THE NOTIFICATION BELL 🔔 FOR MORE UPDATES MUSIC YOUTUBE AUDIO LIBRARY THANK YOU FOR WATCHING!! HIGHER RANKINGS MORE TRAFFIC