“The dramatic surge in infrastructure spending next year will lower the cost of transporting goods and people, support agricultural productivity, reduce risks from disasters, and generate economic investments and employment. The proposed projects will ultimately benefit the poor and vulnerable sectors,†Socioeconomic Planning Secretary Arsenio Balisacan said.
The 2014 budget for infrastructure is 35 percent higher than the P295 billion approved for 2013, he said.
He said most of the projects will go the government's Transport Infrastructure Development Program, a P180-billion project led by the Department of Transportation and Communications and supported by the Departments of Public Works and Highways, Agriculture, Science and Technology the and Metro Manila Development Authority.
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