Investors optimistic on 'build build build' despite delays: BDO Capital

ABS-CBN News

Posted at Jun 27 2017 09:54 AM

MANILA – Investors remain “very optimistic” on President Rodrigo Duterte’s P8-trillion plan to rebuild the country’s infrastructure despite delays, BDO Capital Ed Francisco said Tuesday.

One “choke point” is the unsolicited proposals from conglomerates that the government needs to sift through, Francisco told ANC’s Market Edge with Cathy Yang.

Businessmen are watching how the government will resolve other bottlenecks such as project financing and right of way issues, Francisco said.

New roads, railways and airports should be in place by the time the private sector finishes building accompanying tourism infrastructure such as hotels, he said.