Manila Bulletin – Marcos: why are foreign-assisted infra projects delayed?
By Mario Casayuran | Manila Bulletin
Senator. Ferdinand “Bongbong” R. Marcos Jr. has filed a resolution seeking a Senate inquiry into the reasons for the delay of multi-billion-peso infrastructure projects which could have already jumpstarted the country’s economy had they been completed on time.
Marcos, a vice presidential contender and chairman of the Senate public works and local government committees, said he wanted the Senate to inquire into the status of foreign-assisted infrastructure projects in filing Senate Resolution No. 1627.
These projects include the construction of foreign-assisted infrastructure projects like bridges, roads, irrigation systems, flood risk management, and other big ticket projects.
Marcos said there are reports that a number of these foreign-assisted infrastructure projects have incurred delays in their completion and implementation due to technical and administrative problems.
Assisting the Philippines in implementing the projects are the World Bank-International Bank for Reconstruction and Development (WB-IBRD), Japan International Cooperation Agency (JICA), Korea Economic Development Cooperation Fund (KEDCF), Asian Development Bank (ADB), and United States Agency for International Development (USAID); and countries like Australia, Austria, France, Spain, China and Saudi Arabia.
The Department of Public Works and Highways (DPWH) has a R23. billion budget as counterpart funds for foreign-assisted projects .
“It is crucial to scrutinize the cause of the setback in the execution of these foreign-assisted ventures and address the issue forthwith in order to foster transparency and accountability in these undertakings,” Marcos said.
Read more at http://www.mb.com.ph/marcos-why-are-foreign-assisted-infra-projects-delayed/#PxuBWsSjFfkcbOFw.99