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The Philippine Department of Public Works and Highways (DPWH) said that a memorandum of understanding and cooperation has been sealed between the China International Contractors Association (CHINCA) and the Philippine Constructors Association.
DPWH secretary Rogelio Singson said the $12bn (£7.3bn) worth of investments will help bring major opportunities to the country’s transport infrastructure development, particularly roads, airports, seaports, and rail projects.
“We invite you to consider these opportunities and other investment opportunities in the Philippines,” Singson said to other foreign investors.
Singson added that the DPWH is currently instituting significant changes to make the investment climate in the Philippines more investor friendly, less red-tape, and corruption free. It also helps in the promotion of projects involving public private partnerships (PPP).
Key road projects open for investments include the 4.8km NAIA Expressway, a 13.4km road linking North Luzon and South Luzon Expressway, the 50-km C6 Expressway and Global Link and the about 40km of the Cavite-Laguna Expressway.
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