Philippines stopped projects funded by China

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The Philippine government will indefinitely postpone at least two of its massive infrastructure projects from China because of “not feasible“ reasons.
Philippines stopped projects funded by China
Chinese President Xi Jinping and President Duterte during a meeting in November 2018

The Philippine government said it had decided to postpone at least two large-scale projects using loans from China for "not feasible" reasons, according to Nikkei on November 15. This is seen as a new policy reform effort. most of the administration of President Rodrigo Duterte to complete projects before 2022, when his term is over.

Accordingly, Mr. Duterte’s government is aiming to reduce dependence on foreign loans and prioritize the development of a public-private partnership (PPP) model, using private capital.

Projects with loans from China that are not feasible at this stage include fast bus route, 11km long, connecting Bonifacio Global City (Manila, Philippines) and Manila International Airport , as well as the period. The next of a billion-dollar rail project on the island of Mindanao.

Duterte’s project advisor, Vince Dizon, said the government recently updated its list of priority construction projects. The new list has 100 projects, including about 20 PPP projects, including airports, railways, hydroelectric dams and roads. Mr. Duterte’s government wants to complete more than half of the projects by 2022, so only keep the projects with good progress and the ability to finish on time.

"The president is a very impatient person. He wants to accelerate and make things faster," Mr. Dizon said.

President Duterte was under pressure to fulfill his promise of opening up the "golden era of infrastructure" during his term. Although the infrastructure in the Philippines has improved significantly, Duterte’s government has been criticized by the opposition for "failing to achieve landmark achievements," but only doing projects. Small-scale projects.

A government spokesman later rejected these arguments and said that these were completely "unfounded" conclusions.

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