Palace exec sees success of 'super regions'
THE government is more aggressive in the promotion of the super regions because of the country's improving economy and the rising confidence of investors, said Cabinet Secretary Ricardo Saludo.
Speaking before City Hall employees, line agencies and barangay officials, Saludo said subdividing the country into economic regions instead of territorial divisions could help lead the country as an economic tiger in Asia -- the first for a democratic country like the Philippines.
"We will take off from where former President Fidel Ramos started," said Saludo, recalling that if not for the Asian economic crisis, the country would have been one of the leading economies in Southeast Asia.
The super regions economic program of President Gloria Macapagal-Arroyo aims to gain a stable, responsive, and fiscally sound government by having a competitive economy driven by empowered, educated and productive people.
Among the strategies to achieve the plan is to make the cost of goods reasonably priced and competitive at the same time, reduce the cost of electricity, modernize existing infrastructure, upgrade existing technology and reduce red tape in all government agencies to reduce transaction costs.
Saludo said the economy has to grow by at least eight percent every year and the country's capital stocks have to increase by 10 percent from the current three percent.
At present, the country's financial standing, infrastructure, education, corruption and instability remain as obstacles to good investment as shown in the competitiveness ranking among 61 countries.
Instead of the three major regions, the four super regions include the North Luzon super region, Luzon urban beltway, Central Philippines super region and the Mindanao super region.
Investments in the North Luzon super region include the P6-billion Agno and Banaoang projects, P2.4 billion per year allocation for farm-to-market roads, P2.4 billion per year allocation for irrigation, development of the 30 megawatt and 46 megawatt wind power projects in Burgos, Ilocos Norte, construction of airports in Lallo, Poro, and Itbayat in Cagayan and construction of a seaport in Sta. Ana, Cagayan.
Investments in the Luzon urban beltway include the development of the Subic-Clark expressway and container port, Ro-ro port linking Quezon to Marinduque, a north rail to Clark and a 300-million liters per day water supply project for the National Capital Region (NCR).
For the Central Philippines super region is the construction of a south rail to Bicol, upgrading of 14 airports in Palawan, Visayas and Bicol, construction of a Cebu convention center and the development of geothermal plants in Negros.
For Mindanao, dam projects, P2.4 billion per year allocation for irrigation projects, P2.4 billion per year allocation for farm-to-market roads, road improvements, upgrading of airports and building of a nautical highway. (RO - SUNEX)
Speaking before City Hall employees, line agencies and barangay officials, Saludo said subdividing the country into economic regions instead of territorial divisions could help lead the country as an economic tiger in Asia -- the first for a democratic country like the Philippines.
"We will take off from where former President Fidel Ramos started," said Saludo, recalling that if not for the Asian economic crisis, the country would have been one of the leading economies in Southeast Asia.
The super regions economic program of President Gloria Macapagal-Arroyo aims to gain a stable, responsive, and fiscally sound government by having a competitive economy driven by empowered, educated and productive people.
Among the strategies to achieve the plan is to make the cost of goods reasonably priced and competitive at the same time, reduce the cost of electricity, modernize existing infrastructure, upgrade existing technology and reduce red tape in all government agencies to reduce transaction costs.
Saludo said the economy has to grow by at least eight percent every year and the country's capital stocks have to increase by 10 percent from the current three percent.
At present, the country's financial standing, infrastructure, education, corruption and instability remain as obstacles to good investment as shown in the competitiveness ranking among 61 countries.
Instead of the three major regions, the four super regions include the North Luzon super region, Luzon urban beltway, Central Philippines super region and the Mindanao super region.
Investments in the North Luzon super region include the P6-billion Agno and Banaoang projects, P2.4 billion per year allocation for farm-to-market roads, P2.4 billion per year allocation for irrigation, development of the 30 megawatt and 46 megawatt wind power projects in Burgos, Ilocos Norte, construction of airports in Lallo, Poro, and Itbayat in Cagayan and construction of a seaport in Sta. Ana, Cagayan.
Investments in the Luzon urban beltway include the development of the Subic-Clark expressway and container port, Ro-ro port linking Quezon to Marinduque, a north rail to Clark and a 300-million liters per day water supply project for the National Capital Region (NCR).
For the Central Philippines super region is the construction of a south rail to Bicol, upgrading of 14 airports in Palawan, Visayas and Bicol, construction of a Cebu convention center and the development of geothermal plants in Negros.
For Mindanao, dam projects, P2.4 billion per year allocation for irrigation projects, P2.4 billion per year allocation for farm-to-market roads, road improvements, upgrading of airports and building of a nautical highway. (RO - SUNEX)
posted by OlongapoCity Zambales at
7:43 AM
0 Comments:
Post a Comment
<< Home