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7% of DOTr budget to improve rail

7% of DOTr budget to improve rail
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Build Better More gets P1.4-T 2024 budget, 5.3% of GDP

THE administration proposed a P1.418 trillion budget for various infrastructure projects under the Build Better More Program (BBMP) in 2024 which is equivalent to 5.3 percent of the country’s GDP. The government has also proposed P40.6 billion for social infrastructure projects such as public school buildings and another P15.3 billion… ....

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Blended financing eyed for China rail project

The Department of Finance is exploring the possibility of a blended currency mechanism to fast-track the approval from the Chinese government of the P142-billion railway project in Bicol. ....

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Ranking solon asks PBBM to prioritize these 2 Bicol infra projects

Camarines Sur 2nd district Rep. LRay Villafuerte hopes that the Marcos administration's commitment to continue the previous leadership's infrastructure modernization program would involve the completion of two flagship transportation projects in his home region of Bicol.

(Wikipedia) ....

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'Loan talks for China-funded rail projects to resume soon'

The Department of Transportation expects negotiations with China for railway financing to resume soon, picking up momentum from the recent state visit of President Marcos to China. ....

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