Philippines greenlights more than 100 infrastructure projects worth US$163bil

MANILA, March 12 (Reuters): President Ferdinand Marcos Jr's administration has approved 123 new projects that will form part of a pipeline of infrastructure worth 9 trillion pesos (US$163 billion) it hopes to start or complete in the coming years, the economic planning chief has confirmed to the media.

Unlike the previous administration, which relied on foreign financing, including from China, Marcos has said he prefers to tap private capital to bankroll his infrastructure ambitions.