President Marcos said that the newly signed agreements for five infrastructure projects in the country will have a transformative impact on the lives of Filipinos, especially those living in Cebu, Bohol, Dumaguete, and Siargao.
READ: https://mb.com.ph/2024/12/18/5-newly-signed-infra-agreements
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READ: https://mb.com.ph/2024/12/18/5-newly-signed-infra-agreements
Subscribe to the Manila Bulletin Online channel! - https://www.youtube.com/TheManilaBulletin
Visit our website at http://mb.com.ph
Facebook: https://www.facebook.com/manilabulletin
Twitter: https://www.twitter.com/manila_bulletin
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Tiktok: https://www.tiktok.com/@manilabulletin
#ManilaBulletinOnline
#manilabulletin
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NewsTranscript
00:00Let's begin with Cebu. Commerce and trade are growing tremendously, which leads to port congestion.
00:07That is an opportunity. So we will build the new Cebu International Container Port,
00:13a 17 billion peso modern port facility that will help ease congestion in the existing Cebu-based port.
00:21Once completed, this will not only make goods more affordable, but will also generate thousands of jobs for our people.
00:29Apart from this, it will also create more opportunities for everyone as it will provide increased space for port activities.
00:36Traffic in Cebu, just like in many metropolises, is a problem, but also an opportunity to find unique solutions.
00:45One of which is the Cebu Bus Rapid Transport Project, which will provide Cebuanos with a reliable, efficient transport system.
00:56Costing over 28 billion pesos, this modern bus network will connect key parts of Cebu City,
01:02making daily commuters easier in their commute and more comfortable.
01:08In Bohol, the number of tourists visiting is increasing annually.
01:13And if you have been to the island, you have probably seen its rich culture, breathtaking beauty, and the friendly warmth of the people.
01:22Since 2018, the Bohol-Panglao International Airport has served as a gateway to the province's treasures and a driver of economic growth.
01:31That's well and good, but airports must continue to grow alongside the communities that they serve.
01:38This is where the 4.5 billion peso BPIA Public-Private Partnership Project will come in.
01:48We will expand the project in two phases. By 2026, its capacity will increase from 2 million to 2.5 million passengers a year.
01:59By 2030, we will reach almost 4 million passengers.
02:05This means we can provide seamless travel to a lot of tourists, which translates to more jobs for Boholanos, especially in the hotel and restaurant industries.
02:15This project is expected to generate 15 million pesos in annual revenue during its first five years, rising to 200 million a year by the end of the concession period.
02:27But more than just the revenue, its true success will be the number of lives that it will change for the better in Bohol.
02:36It is a promise to our beloved people that they will be the first to benefit from the continued arrival of tourists and of investors.
02:45From Bohol, we now move to Dumaguete and Siargao, two places that have their own unique beauty and have gained their own identity.
02:54Dumaguete, rich in history and culture, has long been a center for education and commerce.
03:01Siargao now has captured the world's attention as a top destination for surfers and nature lovers.
03:08But both places face the same challenge, limited connectivity.
03:14So we shall not settle for small fixes.
03:17And that is why we are building the new airports in Dumaguete and Siargao.
03:22These projects will completely change the way people travel to and from these areas.
03:28The new Dumaguete airport will create more opportunities for students, for workers and businesses,
03:34while the new Siargao airport will help support tourism and trade.
03:39With the support of the International Finance Corporation, we will ensure that these airports meet global standards.
03:46But beyond the technical aspects, what is important is a positive change that they will bring.
03:52These projects shall allow our farmers to efficiently bring produce to new markets,
03:57tourists to discover more of the charms of these islands, and entrepreneurs to expand their businesses.