Oliver Bugarin 3 0 0 4 min to read

JV Ejercito approves the budget for the P114-B railway system.

On Thursday, Senator JV Ejercito hailed the PHP113.99 billion budget that the Department of Transportation (DOTr) has suggested for the Marcos administration’s railway project.

The planned budget, according to Ejercito, is five times larger than the PHP23 billion this year.

“I’m glad to see that this is moving along at full speed. I’m hoping that DOTr will be able to step up to the plate so that it can finish this “During a briefing with the Senate Committee on Finance, which Senator Sonny Angara leads, the Development Budget Coordination Committee (DBCC) made this statement.

According to Benjamin Diokno, secretary of the department of finance, the general appropriations for the railway project total more than PHP300 billion.

We will give the money as soon as they [DOTr] can implement, stated Diokno.

He recalled that in his State of the Nation Address, President Ferdinand “Bongbong” Marcos Jr. assured the public that the administration is concentrating on the rail transit system.

“Mass transit should be prioritized above creating many new highways. I sympathize with your impatience, but these are significant initiatives. In the upcoming year or two, I can tell you we will step it up “said Diokno.

“That’s appreciated, Sec. Ben, I believe we have much to catch up on, particularly with our ASEAN neighbors. They have made significant infrastructure investments, and I appreciate that President BBM’s Build, Better, More Program has kept the Build, Build, Build Program going. Therefore, I expect to see more of this (and I hope it continues), “Ejercito answered.

The legislator stated that increasing the DOTr’s absorptive capacity will be difficult.

Amenah Pangandaman, the Department of Budget and Management secretary, concurred with Ejercito but assured the senator that the DOTr would move much more quickly than in the past under Secretary Jaime Bautista’s new leadership.

“We pushed PHP378.2 billion foreign-assisted projects for the 2023 NEP (National Expenditure Program). We listed the budget under the unprogrammed allocations rather than under the program, “She spoke.

In an earlier remark, Ejercito claimed that upgrading the nation’s rail network will open up opportunities for rural economic centers and relieve congestion in the archipelago’s metropolitan centers.

“We have long envisioned turning the railroad stations into thriving economic hubs with business districts, industrial parks, commercial hubs, and agricultural terminals. According to him, this will expand development from Metro Manila to Cebu, Davao, and other remote regions of the nation.

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