Attracting investments is essential to the advancement of inclusive economic growth, and making life better for more Filipinos, through the creation of more jobs, the provision of better services, and the availability of economic opportunities for all.
On top of this, the Public-Private Partnership Code of the Philippines, which became a law just this December 2023, aims to establish a transparent, rules-based, and efficient PPP framework to enhance the procurement and delivery of infrastructure projects. These investments are categorized as follows: highly desirable projects; foreign direct investments ; and projects or activities under the Strategic Investment Priority Plan . When this was launched in July 2023, President Ferdinand Marcos Jr. expressed his optimism about the Philippines becoming an attractive and competitive hub for business ventures.
Those affected by ROW must receive fair and just compensation for their properties and displacement. Thus, there is a need for realistic estimates of ROW costs, including fair market prices to be paid for the lands, crops and trees, and current replacement costs to be paid for the affected houses and structure, including resettlement plans.
Constructive alignments of these agencies is needed to remove the hindrances to the construction of public works projects such as highways, expressways, railways, ports, and other mass transportation systems. The government must ensure that roadblocks that might hamper infrastructure projects are cleared. Particularly, there must be clear provisions in the law that would minimize the effects of delays, additional costs, and other debilitating effects that would frustrate the objectives of infrastructure building and investment generation.
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