MANILA, (PIA) — The Philippines is committed to be a leader in smart and sustainable transportation, President Ferdinand R. Marcos Jr. said Tuesday during the Indo-Pacific Business Forum (IPBF) held in Taguig City.
“There is a long way to go still, but we are committed to making the Philippines a leader in smart and sustainable transportation,” he said , citing that the country’s economy is one of the fastest-growing economies in the world and that his administration is committed to fostering and continuing the momentum as it remains at the forefront of ensuring collaboration, innovation, and a shared vision for a prosperous Indo-Pacific region.
“And we believe that with the right investments and partnerships, we will achieve that goal,” he added.
The President emphasized the importance of a sustainable and efficient transport system to the country’s socioeconomic growth.
Marcos said he has directed the Department of Public Works and Highways (DPWH), Department of Transportation (DOTr), and the National Economic Development Authority (NEDA) to develop and implement transportation projects that meet the needs of Filipinos and businesses, adding that the government is embracing new technologies in making the country’s transport systems smarter and more responsive to changing needs.
The Chief Executive also invited foreign investors to participate in his administration’s “Build Better More” infrastructure program, which includes 185 high-impact projects worth P9.5 trillion.
“These projects contribute to our goal to be the next logistics hub in Asia,” he said.
He said a whole-of-nation approach, particularly private investments, is necessary to achieve this goal.
“Therefore, we invite foreign investors to participate in this endeavor through public-private partnerships, engineering, procurement, and construction contracts, and for feasibility studies, as well,” he said. (PIA-NCR)
