10-year construction roadmap launched
Credit to Author: TYRONE JASPER C. PIAD| Date: Thu, 28 Mar 2019 16:47:06 +0000
A 10-year roadmap for the country’s construction industry was formally launched by the Philippine Constructors’ Association (PCA) on Thursday in Clark, Pampanga.
PCA President Morris Agoncillo said the Construction Industry Roadmap 2020-2030 would help in boosting the construction sector, setting spending and job generation targets amid the aggressive infrastructure drive in the country.
“This [roadmap] that we closely worked on with the Department of Trade and Industry (DTI)-Construction Industry Authority of the Philippines (CIAP) and other stakeholders, lays down the foundation in transforming the industry to be a global partner in building nations,” Agoncillo said in a statement.
“As we mark our 75th anniversary in 2020, we again find ourselves in a historic opportunity of helping build a stronger and more resilient nation, especially in a world that is changing faster than ever before,” he added.
Commissioned by the board of CIAP and PCA and unanimously approved on February 18 this year, the guide sets construction spending of P40 trillion to P130 trillion starting 2020 in the hope of continuing the current government infrastructure program even after the term of President Rodrigo Duterte. It is also eyeing to train more human resources in the construction sector, especially the younger demographics.
Trade Undersecretary Rowel Barba earlier said employment generation was seen to grow by as much as 20 percent or 800,000 at most during the 10-year period. The current workforce of the sector is around 4 million, he said.
Barba added there will be focus on building residential properties to address the housing problems in the country. A portion of the spending will be for the development of tourism infrastructures to boost the industry, he said.
Meanwhile, the Build, Build, Build program is one of the flagship programs of the current administration. Last year, it helped boost the gross domestic product. The construction sector was the only industry that posted double-digit growth at 15.9 percent. The government earmarked P8.4 trillion for infrastructure spending for the period 2017 to 2022.
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