CDC earmarks P2 B for road projects

Published May 30, 2018, 10:00 PM

by Mario Casayuran and Vanne Elaine Terrazola

By Mar T. Supnad

Clark Freeport – Clark Development Corporation (CDC) has earmarked P2 billion for the expansion and enhancement of road networks at Clark Freeport.

CDC president and chief executive officer Noel F. Manankil said that the Clark road and access projects are being prioritized to avoid traffic, given the ongoing and future developments here.

“We have expanded a lot of road networks because the thing that we don’t want happening in Clark is traffic. I think one of our biggest selling point is we don’t have traffic,” Manankil said.

Manankil added that the non-existence of traffic in the Freeport further boosts  the ease of doing business here.

He said CDC has earmarked the big amount not only for the construction and expansion of road networks in Clark but also in preparation for the influx of investment projects, workers, local and foreign tourists to be generated by the ongoing expansion of Clark International Airport (CRK).

In 2017, the state-run firm spent more than P1 billion for various infrastructure projects inside Clark.

Clark has 949 locators-investors at present with more than 108,000 workers as of end of April 30 this year, said Noel Tulabut, CDC communications manager.

“Even with the development we have right now, we’re very conscious about traffic because it eats up a lot of economic resources,” he added.

 
CLICK HERE TO SIGN-UP
 

YOU MAY ALSO LIKE

["news"]
[2501729,2814292,2534630,2485825,2408462,2358243,2358052,2344118,2339143,2047660,1998697,996820,995332,995948,995006,994327,994303,993947,993860,993770,993529,993383,993285,798318,2910963,2910960,2910957,2910954,2910951,2910933]