Connect with us

Hi, what are you looking for?

Economy

House panel approves bill calling for 30-year infrastructure plan

THE HOUSE Committee on Public Works and Highways approved a bill that will require infrastructure programs to be planned for 30 years in advance to minimize disruptions caused by changes in government.

In a hearing Wednesday, the panel approved House Bill 8151, a proposed law to adopt a 30-year National Infrastructure Program.

“There is a motion to approve, subject to amendments,” the committee’s chairman, Romblon Rep. Eleandro Jesus F. Madrona, said during the hearing.

The bill was sponsored by its author, CWS Party-list Rep. Romeo S. Momo, who said if passed, it will ensure the continuity of big-ticket projects when governments change.

“This 30-year infrastructure program will rationalize and interconnect in a seamless manner our six-year medium term and yearly infrastructure programs… the 30-year program will ensure continuity in the development and implementation of infrastructure projects across administrations regardless of changes in national leadership,” he said.

The bill is intended to provide a blueprint for the construction sector, investors, and other stakeholders, providing guidance on the direction of public construction over the next 30 years. — Gillian M. Cortez

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

Economy

Follow us on Spotify BusinessWorld B-Side Despite saying that the pandemic response is a top priority, the executive department of the Duterte administration slashed the P50.4...

Economy

Wilcon Depot celebrates the successful opening of its newest retail store in Pila, Laguna, as part of its ongoing #FlyingHighTo100 store expansion campaign. Opened...

Economy

As climate change takes center stage as one of the world’s most pressing challenges, and countries race to transition from fossil fuels to clean energy...

Economy

Willis Towers Watson shares the secret to its successful 40 years of providing world-class advisory, broking services and business solutions The COVID-19 pandemic has...

Economy

The coronavirus pandemic has continued to dampen the demand for residential property, particularly in Metro Manila. — PHILIPPINE STAR/ MICHAEL VARCAS By Luz Wendy...

Economy

1 of 2 The reconstruction of the iconic Grand Mosque is part of the rehabilitation works in Marawi. — COURTESY OF DEPARTMENT OF HUMAN...

You May Also Like

Investing

Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...

Economy

Ivermectin, an existing drug against parasites including head lice, has had a checkered history when it comes to treating COVID-19. The bulk of studies...

Investing

As a traditionally rigid insurance industry becomes bogged down by antiquated processes and operations, a handful of industry leaders are seeking to shake things...

Economy

US President Joseph R. Biden, Jr., will rely on ally countries to supply the bulk of the metals needed to build electric vehicles and focus on...

Disclaimer: SmartRetirementReport.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.



Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!