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The governments of the United States and the Philippines are currently identifying projects under the Luzon Economic Corridor initiative.“What we want to do is to look at what are the kinds of projects that can be invested in and what kind of projects could be supported first,” Amos Hochstein, deputy assistant to US President Joe Biden, said at a press briefing during the Indo-Pacific Business Forum in Taguig City on Tuesday.
The US official added that the United States Trade and Development Agency and other multilateral government agencies are going to support the government of the Philippines “wherever it is necessary.”“Step 1 in all of these is usually to do a feasibility study to identify what is needed. Once you get the results of that, you will look at the next step which is identifying, based on those recommendations you have to award the contract.
Luzon Economic Corridor Philippine Economy Infrastructure
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