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WASHINGTON, United States (AFP) — US President Donald Trump pledged Tuesday to bring one trillion dollars in public and private investment to rebuild what he called America’s crumbling infrastructure. Trump made the promise in a high-stakes speech to a joint session of Congress, moving to make good on one of his main campaign pledges — rebuilding America’s roads, bridges, airports and other public structures. “To launch our national rebuilding, I will be asking the Congress […]
HONG KONG, China (AFP) — Asian nations must spend $26 trillion by 2030 on infrastructure to battle poverty, boost economic growth and fight climate change, the Asian Development Bank warned on Tuesday. In its “Meeting Asia’s infrastructure needs” report, the lender said governments in some of the poorest countries in the world should invest in everything from transport, telecommunications, power and water and sanitation. It added that despite dramatic infrastructure growth in recent decades, more […]
MANILA, Philippines (PIA)- In order to to close the infrastructure gap over the next six years, the Duterte administration needs at least P8 trillion, and it is also the job of the Department of Finance (DOF) to generate enough funds to spell the financial sustainability of this ambitious public investment program. Finance Secretary Carlos Dominguez III told a business forum that an initial list of 18 big-ticket items worth a total of P427.5 billion have already […]
(Eagle News) — With the theme: “Build, build, build,” the Duterte administration will soon launch the biggest infrastructure push in Philippine history amounting to P8 trillion to propel economic growth in the next five-and-a-half years. Socio-economic planning secretary Ernesto Pernia said the Duterte administration would be the “golden age for infrastructure” if this pushes through, even as the other cabinet members pushed for the granting of emergency powers to the government to make this happen. […]
NEW DELHI, India (AFP) — India’s transport ministry admitted Thursday it has so far failed to improve road safety but said it was pushing for stricter laws, as new figures revealed 17 people die in traffic accidents every hour. Transport minister Nitin Gadkari acknowledged an urgent need to improve road infrastructure as the numbers showed traffic accidents were one of the single biggest causes of death in India. The report found 146,133 people died in […]
MINAMI-ASO VILLAGE, Japan (Reuters) -A drone operated by Japan’s Geospatial Information Authority (GSI) captured dramatic footage over the weekend (April 16 and 17) of the extent of some of the landslides triggered by powerful earthquakes in southern Japan, as well as cracks in the ground revealing seismic fault lines. In one video, a landslide carrying large amounts of mud and water is seen running through a neighbourhood, swallowing a nearby public road. Long cracks in […]
MAKATI CITY, Apr. 14 — To meet investment targets for public infrastructure, the infrastructure committee of the National Economic and Development Authority approved the reinstitution of a three-year rolling infrastructure program in the national budget process starting 2017. The three-year rolling infrastructure program (TRIP) promotes the optimal use of public resources for infrastructure development by assuring fund allocation for well-developed and readily-implementable projects for three years, according to NEDA. The TRIP is a modification of the comprehensive […]
