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PPA pipelines P16 B investments for priority infra projects
The Philippine Star
|July 10, 2024
The Philippine Ports Authority (PPA) is ready to spend as much as P16 billion until the end of the Marcos administration to build priority projects meant to support inter-island transport.
PPA general manager Jay Santiago yesterday announced that the agency would pursue 14 big-ticket projects nationwide until 2028.
Yearly, the PPA allocates a budget ranging from P3.5 billion to P4 billion for project buildup, and Santiago sees the agency sustaining that amount over the next four years.
As such, Santiago said stakeholders can expect the PPA to invest as much as P16 billion to finish its remaining priorities under the Marcos administration. Broken down, the PPA is pursuing five projects in Luzon, six in the Visayas and three in Mindanao.
This story is from the July 10, 2024 edition of The Philippine Star.
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