Phl urged to address infra challenges

The government will need to quickly address issues in infrastructure to achieve high and sustainable growth, according to think tank GlobalSource Partners.

- LOUELLA DESIDERIO

“Sound infrastructure is one big challenge to the Philippines’ bid for high and sustainable economic growth. Unless the issue of infrastructure is decisively and quickly addressed, it may instead drag the momentum of growth down,” GlobalSource Partners country analysts Diwa Guinigundo and Wilhelmina Manalac said.

They said the new infrastructure projects approved recently by the National Economic and Development Authority (NEDA) Board chaired by President Marcos could simply lengthen the government’s list of infrastructure deliverables.

New projects approved by the NEDA Board earlier this month are the Facility for Accelerating Studies for Infrastructure Project (FAST-Infra Project) and the Infrastructure for Safer and Resilient Schools (ISRS) Project.