The government plans to streamline the priority projects under the Luzon Economic Corridor (LEC) from 43 to just five or six, as the steering committee prepares for its third meeting in November 2024.
Secretary Frederick Go, the Special Assistant to the President for Investment and Economic Affairs (OSAPIEA), said various government agencies presented a total of 43 projects for consideration.
“We presented about 28 projects for them to consider during the first meeting and an additional 15 during the second meeting last week,” Go said at the sidelines of the International Franchise Conference 2024 hosted by the Philippine Franchise Association (FPA) Monday.
“When you have narrow choices, then you can really focus and really move faster,” he said.
Go said while the final decision on priority projects rests with the steering committee, he said infrastructure projects are likely to be at the top of the list.
“That’s why the rail is an infra project. If you consider ports, it would be an infra project as well. I would say maybe energy might be the second top priority,” he said.
Go said the committee had publicly declared railway as a priority project.
The next steering committee meeting is scheduled in November when the final priority projects are expected to be announced.
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