| Urban
Luzon Beltway attracts P40B investments
Since
the establishment of Urban Luzon Beltway ULB in 2006,
the current administration and the private sector have
invested at least P40 billion on 14 major road projects
in Metro Manila, Central Luzon, and Southern Luzon.
Of
this number, 11 projects are now fully functional, while
the remaining three are scheduled for completion in
June this year.
This
was the message that President Gloria Macapagal-Arroyo
shared this morning with the faculty and students of
the New Era University in Quezon City.
ULB
is one of five “super regions” created by
Executive Order No. 561. Covering the CALABARZON Cavite,
Laguna, Batangas, Rizal, and Quezon provinces, Marinduque
and Mindoro provinces, Metro Manila, and southern Central
Luzon, it accounts for two-thirds of the country’s
gross domestic product GDP or the total goods and services
produced in the country.
In
her speech, the President said, the government, in partnership
with the private sector, has created a globally competitive
logistics and services hub comparable with those of
Singapore and Hong Kong. It is now poised to tap into
the $3.6 trillion global logistics market, of which
Asia Pacific accounts for about $1 trillion.
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