How to take advantage of Duterte’s “Build, Build, Build” plan?
The current Duterte administration is set to commence the “golden age of Philippine infrastructure” with its ‘Build, Build, Build’ program. In an effort to keep up with the demands of one of the fastest growing economies in Asia and improve the performance of the Philippine currency, the government plans to spend $180 billion over the course of six years.
According to Reuter’s report, “Duterte has already approved the auction of 21 projects worth $16 billion, including the overhaul of Manila's shabby airport and a railway line on Mindanao Island in the south. Other projects include upgrading ports, roads, rail links and irrigation.”
As an SME construction business owner, this is the perfect time for you to take advantage of the huge amount of money that the government plans to pour on the construction sector. However, business opportunities will only remain opportunities if you don’t do your part. You need to meet with potential clients, convince them that you are the right contractor for their project, and obtain their business to take advantage of the country’s booming construction industry.
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