The administration of President Benigno Aquino III’s plan to secure private sector funding for transport projects – with an estimated price tag of P565bn ($12.83bn) to 2016 – is ambitious, but as the country struggles to overcome the stigma of past corruption and cronyism, reform efforts have piqued investor interest.
How should the enhancement of the domestic transport infrastructure fit into a broader vision for the country’s development?
Although economic headwinds have thrown international markets off course, the Philippine economy has managed to stay on a relatively even keel. Local authorities note that while GDP growth slowed in 2011 relative to 2010 due to weak external demand and government underspending, household
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