http://mb.com.ph/articles/241629/gibo-bares-blueprint-rp-economy
Lakas-Kampi-CMD presidential candidate Gilberto "Gibo" Teodoro unveiled Tuesday the blueprint for the country’s economic development as he vowed to seriously invest in infrastructure.
Speaking before the Federation of Filipino-Chinese Chambers of Commerce Inc. (FCCI), Teodoro said that delay in putting up roads, highways and bridges is costing the country billions of pesos in missed opportunities.
“If you stop a logical continuation of a needed construction project given inflation and given higher costs, a project delayed today will not get any cheaper in the future but more expensive. This is the biggest block or barrier to the competitiveness in the Philippines. Experts have told us that one major block is the lack of a long-term infrastructure program," Teodoro explained.
"How many more millions of pesos in losses in efficiency of travel time, fuel, lives will be lost because we cannot respond," Teodoro said, even as he proposed "a seamless system transportation" which would include a logical continuation of SLEX, SCTEX, NLEX and closing the gaps in transportation.
Teodoro, a bar topnotcher and Harvard trained lawyer, also reiterated his vision for linking the islands in the Visayas through bridges and tunnels. "Our (Asian) neighbors have it and there's no reason why we can't have it. It means to say we are too slow," Teodoro said.
"The planning for that must be laid now for the future. We should not only be thinking for now, think not only about the traffic today, but anticipate conditions 20, 30, 40 years from now. Let us stick to our urban plans study them because it could cost lives and cost efficiencies," he added.
A Teodoro presidency will work to reduce poverty by working to sustain a globally competitive economy that will continue to grow.
"To reduce, our strategy is to sustain GDP growth at 7-8 percent within the context of globalization. To do this, we have to expand foreign trade and investments," Teodoro said.
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