Philippines Proposes Nearly 320% Jump in Counterpart Funding for Foreign-Assisted Projects
The Philippine government is proposing a 319.6% increase in counterpart funding for foreign-assisted projects in 2027, reaching P145.37 billion. This surge is driven by substantial allocations for major railway, bridge, and transport infrastructure projects, signaling an acceleration in development.
This article requires PRO
This article is outside the free access window or is a special report. PRO unlocks it and the full archive.
Related articles
- House OKs 30-Year National Infrastructure Master Plan
The Philippine House of Representatives has approved on second reading a bill to institutionalize a 30-year national infrastructure master plan, aiming to ensure consistent project implementation regardless of political changes and promote long-term development stability.
- Philippines urged to secure high-value work in Pax Silica initiative
Experts urge the Philippines to secure high-value segments of the supply chain in the Washington-led Pax Silica initiative, rather than being a mere resource provider. Concerns about geopolitical risks and environmental/infrastructure impacts are also highlighted.
- Senate Files Resolution Commending Carlos Yulo's Historic Double-Gold Asian Games Triumph
A Philippine senator has filed a resolution to honor gymnast Carlos Yulo's historic double-gold achievement at the Asian Games. This feat is recognized as a significant triumph for Filipino sports.
- DA Urges Mimaropa Farmers to Conserve Water Amid El Niño Threat
The Department of Agriculture (DA) in Mimaropa has urged farmers across the region to conserve water and manage soil properly, anticipating the onset of El Niño. This directive comes in response to forecasts predicting drought conditions nationwide by March 2027.