Posted on 06/28/2017 11:59:00 PM PDT by 2ndDivisionVet
MANILA, June 28 (Reuters) - A Philippine government panel led by President Rodrigo Duterte has approved 305.64 billion pesos ($6.05 billion) worth of infrastructure projects aimed at spurring one of Asia's fastest growing economies.
The Southeast Asian country is boosting infrastructure spending to create jobs, lift economic growth to as much as 8 percent, and attract foreign investors turned off by high power prices and transport bottlenecks.
The biggest project approved for bidding and construction was the 211-billion pesos railway project north of the capital Manila that will be funded by Japan International Cooperation Agency, Economic Planning Secretary Ernesto Pernia said in a statement on Wednesday. The project is scheduled to be completed by 2021.....
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Worst airport in the world outside America.
Traffic is terrible, so the rail project will be a big help.
the problem for us is that business is moving into our rice growing areas... this is good for locals, who will be able to support their families without moving to Manila or working overseas.
but for the environment lovers, it is bad. We are losing good rice land.
New tagline.
I heard about another railway project for northern Mindanao, but it skips Misamis Occidental, my wife’s home province.
Rice is a losing proposition for farmers,, they get stabbed in the back with price controls and barely break even .. our farm switched to mango’s (a strong EXPORT product) years ago and we are preparing for our first harvest this year...
If they can get the muzzies under control Davao and CDO are the places to be with cheap stable electricity and container ports...
The government sponsored growing onions, but so many were smuggled in from China a lot of those farmers went broke.
we also tried growing organic salad in a greenhouse, but the typhoon destroyed the greenhouse and also our chicken raising houses that we had built on a hill too high to irrigate.
but one of our relatives is growing mangoes on part of his farm.
most people here have part of the family work but grow rice on the family's traditional land...which they use to supplement their income. Those who only have small farms are poor...what keeps them going is money from relatives working overseas.
sent you a pm...
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