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Arroyo orders infrastructure spree vs US recession

On orders of President Gloria Macapagal Arroyo, the government started Saturday an infrastructure spree that aims to protect the Philippines from the effects of a possible recession in the United States economy.
A Malacañang statement on Saturday evening said Mrs Arroyo dropped the time capsule for a C-5 flyover and a 16-classroom school building in ceremonies […]

By admin

On orders of President Gloria Macapagal Arroyo, the government started Saturday an infrastructure spree that aims to protect the Philippines from the effects of a possible recession in the United States economy.

A Malacañang statement on Saturday evening said Mrs Arroyo dropped the time capsule for a C-5 flyover and a 16-classroom school building in ceremonies in Metro Manila.

“Dahil meron tayong slowdown sa America (Because there is an economic slowdown in America), I am ordering a surge in infrastructure construction,” she said before dropping the golden time capsule that signaled the start of the construction of the C-5 Extension Project in Sucat, Parañaque City.

She said work on the flyover was to start April but she wanted it “front-loaded” or started early.

Presidential spokesman Ignacio Bunye said Mrs Arroyo hopes the surge will also serve as a springboard for further growth.

The C-5 Extension Project’s 190-meter P200-million flyover portion shall link Pulang Lupa-Las Piñas Road with the soon-to-be-completed Sucat to Multinational Avenue section of Circumferential Road 5 (C-5).

Read the rest of the story from GMANews.tv 

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