Transportation Secretary Jaime Bautista on Tuesday urged Italian businessmen to cash in on the country’s infrastructure buildup meant to make the Philippines a profitable investment hub and promising gateway to Asia.
Bautista cited several big-ticket infrastructure projects under the Department of Transportation (DOTr) where Italian businessmen can commit their investments and resources.
He told an Italian delegation to help themselves to the vast transport infrastructure potential in the Philippines: “This trade mission comes when Philippines is positioning itself as a lucrative investment destination and an auspicious gateway to Asia,” Bautista said in welcoming the Italians.
According to him, the Philippines presents rich opportunities not just business enterprises but also investment prospects in transportation infrastructure projects enhancing connectivity and mobility that are seen to hasten and boost economic growth.
“A lot of airport, railway, seaport, and road infrastructure projects have been initiated and we are on track to complete them within the coming years,” Bautista assured the delegation.
He cited the North-South Commuter Railway (NSCR) as an example and assured the delegation that transport projects under President Ferdinand R. Marcos Jr.’s administration favors the prompt investor.
“We are determined to build on our gains as the resurgence of the Philippines is fast becoming tangible reality,” he said.
Participated by over 20 prominent Italian companies, the trade mission aims to boost investments between the Philippines and Italy, especially in the transportation sector.
Organized by Department of Transportation and the Embassy of Italy in the Philippines, the trade mission was attended by officials of the two countries, with executives of various Italian companies who presented their products and services.
