MANILA, Philippines ? The P100-billion stimulus fund the government and the private sector agreed to split evenly to bankroll infrastructure projects had been redirected to fund rehabilitation efforts nationwide.
Roberto Amores, Philippine Chamber of Commerce and Industry vice president for agriculture and food security, said the country?s economic managers would be the ones to decide how the stimulus fund would be spent and which repair and rehabilitation projects would be prioritized.
?Their decision will depend on overall rehabilitation requirements,? he told reporters on Friday.
Infrastructure needing immediate attention, he said, included farm-to-market roads and bridges in northern Luzon, particularly those leading to Pangasinan and Baguio City.
PCCI chair emeritus Donald Dee explained that some projects already identified under the stimulus package would have to take a back seat as repair and rehabilitation activities on infrastructure damaged by Tropical Storm ?Ondoy? and Typhoon ?Pepeng? would have to be prioritized.
Projects such as further extension of the Edsa Metro Rail Transit 3 and the Light Rail Transit would have to wait until next year, he said.
For infrastructure repair and rehabilitation, he said the government?s P50-billion counterpart funding under the public-private stimulus program would be used as this remained intact.
The private sector?s P50-billion contribution had already been used, mainly for road projects such as the extension of C5 to the North Luzon Expressway.
?The government would have to fund (the repair and rehabilitation of damaged infrastructure) as nobody is likely to lend for such projects since they will have no return. Right now, this is the priority,? he said.
?The extension of the MRT and the LRT will not be undertaken until next year. I don?t think anybody will be thinking of these projects now. Priority will be rehabilitation,? he further said.
He said the government had yet to decide which repair and rehabilitation projects would be prioritized.