Skip to main content

Philippines tourism roads to receive US$316.15mn in 2014

The Philippines Government will inject US$316.15 million (PHP 13bn) into improving tourism roads during 2014, in order to transport tourists to all parts of the archipelago. The latest cash for tourism roads follows the allocation of $507.73 million (PHP 21bn) from 2011-2013.
April 23, 2013 Read time: 1 min
The Philippines Government will inject US$316.15 million (PHP 13bn) into improving tourism roads during 2014, in order to transport tourists to all parts of the archipelago.

The latest cash for tourism roads follows the allocation of $507.73 million (PHP 21bn) from 2011-2013.

Related Content

  • Metro Manila’s infrastructure projects worth more than US$240mn
    May 9, 2013
    Infrastructure projects valued at US$244.23 million (PHP 10bn) have been introduced by the Department of Public Works and Highways (DPWH) in the Metro Manila region of the Philippines. The majority of the new projects are said to be locally funded bridge and road developments. Plans are being proposed to develop a four-lane vehicle tunnel which would run along the intersections of Paseo de Roxas and Makati Revenue. The tunnel, along Sen Gil Puyat Avenue, has approaches of 140m long and the tunnel section is
  • Fiat Industrial achieves 6.2% revenues growth in 2012
    February 1, 2013
    Fiat Industrial achieved a 6.2% rise in revenues and trading profit in excess of US$2.71 billion (€2bn) during 2012 – an increase of 23.3% over 2011. Revenues in 2012 totalled €25.8 billion, as continued robust growth for agricultural equipment is said to have more than compensated for weaker trading conditions in other businesses. Trading profit was €2,079 million, up €393 million over 2011, with trading margin improving 1.2% to 8.1% on the back of what Fiat Industrial said was continued strong performance
  • Deutz forecasts 2014 revenue growth after 2013 was “encouraging year”
    March 20, 2014
    Deutz is forecasting low double-digit revenue growth in 2014 after describing 2013 as an “encouraging year” for the German company. Last year saw improvements in all the diesel engine manufacturer’s key performance figures, despite the sluggish global market. And the company says tipped 2014 revenue growth is likely to be coupled with a moderate improvement in the EBIT margin excluding one-off items, which the firm expects to rise to above 4.0%. In 2013, the Deutz Group received orders worth €1,649.7 mil
  • World Bank-Kerala state sign US$215.1mn loan to finance second phase KSTP
    March 19, 2013
    The World Bank and the Indian state of Kerala's Department of Economic Affairs have signed a loan agreement worth US$215.1 million (INR 11.66bn) to finance the second phase of the Kerala State Transport Project (KSTP). In its 2013/2014 budget, Kerala allocated $51.65 million (INR 2.8bn) for the implementation of the second phase of KSTP. In the second phase, about $443.3 million (INR 24.03bn) will be spent to develop 367km of state highways spread over eight corridors built to international standards.