There is a nagging problem with the country’s Infrastructure. It is far too poor to take on large and complex projects. The country lacks the technical expertise to undertake such projects. It lacks the capacity to partner with foreign firms. Despite the incoming president’s promise to improve infrastructure, the country remains underdeveloped. In this article, we will explore what we can do about it. We will also look at how the Philippines can benefit from a new president’s commitment to improving infrastructure.
Infrastructure in the Philippines is poor
While the Philippines enjoys an excellent service sector and a fast-growing outsourcing industry, its infrastructure needs improvement. Without the proper planning, financing, and coordination of infrastructure projects, it will be difficult to keep up with population growth. The lack of private sector participation and a weak business climate are also a hindrance to infrastructure development. A road map is needed to bring the country into the virtuous circle of growth.
The country’s infrastructure has a long way to go before it can meet the demands of its citizens. Road networks remain subpar, while bridges are crumbling. Airports, especially the major international gateway, are substandard compared to other progressive countries. While the incoming president promised to improve airport infrastructure, he has made the task more difficult. The Philippines is an island nation, with 110 million people. A lack of infrastructure means that many people do not have access to basic amenities.
It lacks technical capability to take up large-scale and/or complex projects
The Philippines’ ambitious infrastructure agenda has not been implemented because local companies lack the technical capabilities to undertake large-scale and complex projects. This is a challenge that is addressed by international firms who have the necessary skill sets to undertake large-scale and complex projects. Despite the technical deficiencies, local firms are open to partnering with foreign companies who can bridge the gap by bringing their expertise in construction.
Inadequate financial resources, the infrastructure Philippines lacks the technical capability to undertake large-scale and complex projects. While the government acknowledges the need to involve the private sector, the majority of infrastructure projects continue to follow a traditional procurement model. Inadequate funding, incomplete planning and inadequate technical know-how are preventing large-scale infrastructure projects from being implemented on time.