Australia brings P4I infra scheme to PH

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THE Australian government on Friday launched its Partnerships for Infrastructure (P4I) initiative in the Philippines, a development the Finance department said would complement the Marcos administration's agenda for the country.

'This opportunity could not have come at a better time. Building on the back of the previous administration's expansive infrastructure program, the Marcos Jr. administration is determined to reverse the Philippines' decadeslong pattern of underinvestment in infrastructure,' Finance Secretary Benjamin Diokno said during the launch.P4I was established by Australia as a means of helping Southeast Asian countries fill infrastructure gaps.

Dionko noted that infrastructure investments were a top priority of the Marcos government and were reflected in the 8-Point Socioeconomic Agenda, Medium-Term Fiscal Framework, as well as the 2023-2028 Philippine Development Plan.'To demonstrate our commitment, we amended the implementing rules and regulations of the Build-Operate-Transfer Law within the first 100 days of the Marcos Jr. administration,' he said.

 

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Naalala ng taong bayan ang mga nagdaang politika sa mga infrastructure nagawa nila, layo na yong pagaan sa buhay.

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