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Mining

Philippine Resources - February 04, 2021

Mining Regulators to Closely Monitor Black Sand Extraction

As Apollo Global subsidiary JDVC Resources Corporation starts its operations this month, mining regulators will closely monitor the extraction of black sand in Cagayan province. This, in spite of the many environmental groups protesting the operations. Responding to these groups, Mines and Geosciences Bureau (MGB) Director Wilfredo Moncano said, “JDVC has undergone environmental impact assessment and the company was issued an ECC, which means environmental issues have been considered by the EMB. Mining in shoreline is prohibited but offshore mining is allowed. If it is at least 1,500 meters from the shoreline going out to the sea, it is allowed. What is important is that the JDVC will not cause damage to the coastal or marine ecosystem.”On the other hand, magnetite mining in rivers such as the Cagayan River is allowed - as long as the purpose is for rehabilitation or restoration. “Black sand mining is also part of the purposes that’s why we will assess the mineral content of the river channel,” he said. “If the magnetite sand contained surpasses the threshold of 6 per cent, we will charge the company of 4-per cent excise tax. Every shipment will undergo mineral assessment. Even before shipment, there will be a mineral assessment.”He said that the regional directors of DENR will learn how to compute taxes based on mineral assessment implemented during offshore mining. “There is a formula for computing taxes to be imposed on minerals extracted for black sand and it depends on the market value of the mineral and the content of the ores,” he said.

Mining

Philippine Resources - February 04, 2021

Taganito HPAL Nickel Corporation Provides Infra Projects to Mining Town

Taganito HPAL Nickel Corporation (THPAL) has given four high-impact infrastructure projects valued at P13 million to a mining town of Claver, Surigao del Norte. These include a building for Alternative Learning System, a health center and birthing facility, a pavement concreting project, and a Tanod (village watchers) output.THPAL said that the barangay officials received the projects on January 26. These were sourced from the Social Development Management Program (SDMP) funds. Urbiztondo Barangay Captain Larry G. Escutin said that these funds have transformed the barangay into a developed barangay - with all facilities and amenities. “Aside from the infrastructure projects, THPAL also provided us with high-impact projects to improve health and education,” he said. “More importantly, the company has assisted in various ways for us to cope with the adverse effects of the (coronavirus disease) pandemic.”Meanwhile, ALS teacher Vilma Abad said that the project can provide a safe place for their students. "Now that we have our own building, we don't have to scratch our heads where to hold our next classes. This is really a big help for our students in the community," she said.THPAL through its SDMP funds has been providing the communities with scholarship programs, basic health care services, livelihood projects, wellness programs fr PWDs and senior citizens, and other initiatives.

Mining

Philippine Resources - February 04, 2021

MGB Asks Miners to Realign Their SDMP Funds

The Mines and Geosciences Bureau (MGB) has directed miners to repurpose their funds for social development and management programs (SDMP), safety and health programs, and for the procurement of vaccines. In its revised regulations and rules which implements the Philippine Mining Act of 1995, the SDMP is for the “sustained improvement in the living standards of host and neighbouring communities.”“The mining contractor or permit holder shall realign the 2021 funds and the said procurement shall be chargeable against the development of host and neighbouring communities of the SDMP for the impact barangays or municipalities, and health and control services of the SHP for employees or workers,” MGB said in a memorandum.According to MGB Acting Director Wilfredo G. Moncano, “the funds coming from a portion of the annual budget of the SDMP are to be used in procuring vaccines for non-employees of the mining companies, but are residents of the host and neighbouring community, while the funds coming from the SHP are meant to be used for buying vaccines for mining employees.”The MGB said that this is “in the interest of public service and to help fight against COVID-19.” It added that those buying vaccines using the realigned funds must follow the protocol set by the Department of Health and the Inter-Agency Task Force for the Management of Emerging Infectious Diseases.The MGB also required firms to reveal the realigned funds in their quarterly reports. “The implementation of this memorandum shall be included in the quarterly accomplishment reports to be submitted by mining companies subject to monitoring of the MGB Regional Office concerned,” the MGB said.According to Moncano, “How much percentage from the SDMP and SHP will depend on how large is the SDMP but with a cap of 75% of it, although it is not mentioned in the guidelines.”He added that the miners would still need to coordinate with the communities for the realignment of funds.

Mining

Philippine Resources - February 04, 2021

Cagdianao Mining Corporation Pays P43 million Annual Business Tax

According to the Cagdianao Mining Corporation (CMC), its annual business tax worth P43 million has already been paid to the local government of Cagdianao in Dinagat Islands, where it operates a 697-hectare nickel mine.In its statement, the firm - which is an affiliate of Nickel Asia Corporation, the country’s largest nickel supplier - said that the money was handed over to Cagdianao Mayor Adolfo Longos by its resident mine manager, Arnilo Milaor.“Aside from the annual business taxes, CMC also regularly pays royalties, fees, and other obligations to the national and local governments, even down to the barangay level,” the mining firm said.CMC highlighted the importance of paying the right taxes. "As a valued partner of the community, we are happy to see our local taxes and fees becoming instrumental in the growth and development not only of Cagdianao and neighbouring towns but the whole province of Dinagat Islands as well," Milaor said. "We will continue to see to it that our taxes and other obligations are paid on time, so that these would be enjoyed by residents in the form of improved infrastructure, better health, and social services, and raised living standards and quality of life," he added.Records from the Mines and Geosciences Bureau revealed that in light of its COVID response, the firm spent P6 million on relief operations, supporting medical front-liners and survival kits to some 1,300 families.

Mining

Philippine Resources - February 03, 2021

The Philippines and Indonesia Collaborate to Strengthen Their Copper Industries

According to the Trade department, the Philippines and Indonesia will collaborate to strengthen their copper industries. In a virtual meeting attended by officials from both countries, Trade Undersecretary and Board of Investments (BoI) Managing Head Ceferino S. Rodolfo said that Indonesia can help the Philippines in copper production. This was echoed by BoI Executive Director Ma. Corazon Halili-Dichosa. “This will only be one of the many bilateral initiatives for the copper industry,” she said The BoI added that Indonesian officials led by Randi Anwar, director of its Investment Coordinating Board, Ministry of Energy Director General Muhammad Wafid and Ministry of Industry’s acting head Bimo Pratomo “welcomed future collaboration and cooperation activities on the copper/mining industry to help each sides’ downstream copper industries.”The BoI recently revealed the Leyte Ecological Industrial Zone master plan anchored on the copper industry. Philex Mining Corp. President and Chief Executive Officer Eulalio B. Austin, Jr., added that other copper projects involved the Silangan project in Surigao del Norte, Tampakan project in South Cotabato and Kingking project in Compostela Valley.“These projects could yield “economic progress not only for Mindanao but the country in general,” the BoI said.

Mining

Philippine Resources - February 03, 2021

First Offshore Magnetite Iron Mining in the PH to Start This February

Last December, Apollo Global Capital’s (PSE: APL) subsidiary, JDVC Resources Corporation, announced that Department of Environment and Natural Resources granted them a permit to start the commercial operations of the country’s first offshore magnetite iron mining project. According to JDVC and APL consultant, Jun Herrera, the mining operations in Cagayan are expected to start by mid or end of February. He said that the first newly-built deep sea mining vessel arrived in Cagayan and needed to take shelter for now due to strong sea currents.In relation to this project, they assured the government that there will be minimal impact on the marine ecosystem as per the studies and survey conducted by a Singapore-based company. Their study shows that there is no coral or aquamarine life within the mining area which is located 150 meters below sea level.Herrera stated that three more vessels are expected to arrive this year. The vessel is capable of commercial extraction, sampling, testing and production of magnetite iron. [1] With regards to the apprehension of some residents of Ballesteros, Cagayan that this offshore mining operation will destroy the coral ecosystem, APL addressed the issue by stating that such assumption by the locals has no basis.APL stated, “We won’t even be mining in their waters. In the first place, our mining operation will be in the waters of Buguey and Gonzaga towns, and at a distance of over 14 kilometers. That’s more than two horizon lengths away from the shoreline.” Lazaro Ramos, a resident of Ballesteros, sent a formal complaint to DENR Secretary Roy Cimatu. Ramos warned them of the possible “catastrophe” that the offshore mining will bring about should it resumes. He mentioned in comparison a study conducted by Craig Smith from the University of Hawaii regarding the ocean seabed in the NE Pacific abyssal waters. APL, however, contradicted this argument by Ramos and said that the study by Craig Smith is applicable to a different part of the ocean and not necessarily comparable with the mining site in Cagayan. “That’s a different part of the Pacific. It looks at the ocean bed more than 200 meters below sea level, whereas we can only go down to 150 meters with current technology. Moreover, the Smith study did not look at magnetite iron reserves. From the experience of countries like Indonesia, Japan and New Zealand, magnetite iron is known to be toxic to corals, fish and other aquamarine life.” Moreover, JDVC emphasised on the study results done by the Singapore-based survey company whom they commissioned to conduct a full “sea bottom profile” of its mining tenements off Cagayan. As mentioned, their study reveals no corals or aquamarine life in the area. APL also reported that they have done their part in coordinating with the locals and providing corporate social responsibility activities for the residents of Buguey and Gonzaga. “We’re proud to say that over 90 percent of the residents support us and are even anxious for us to get started.”According to Herrera, the municipalities of Aparri, Buguey and Gonzaga received funding from the Development Bank of the Philippines. These are the municipalities covered by the mining project. DBP grated JDVC a grant worth $8-million credit line for the magnetite iron mining project. Herrera said, “We have proven to them [DBP] that it’s environmentally safe.” He added, “The DBP loan has zero borrowings yet as of now, hence, our company remains to be zero debts and internally funded by our shareholders. The DBP loan will only kick off once we have the letter of credit presented to the bank for the discounting the letter of credit of export buyers, to obtain a 90-day working capital, to fund the production of the ordered iron ore.”This project is seen as profitable, because magnetite mining has a strong market globally. In China, for example, they consider the steel industry as their “roadmap for their economic recovery”.Herrera mentioned that JVDC is an ISO-certified company. This means that there is an assurance that they shall comply with environmental standards. (--Marcelle P. Villegas, PRJ)Reference:[1] Flores, Alena Mae S. (31 Jan. 2021). Manila Standard. "Apollo Global announces subsidiary’s start of magnetite mining operations in Cagayan".

Construction

Philippine Resources - February 03, 2021

Infrastructure Projects Hope to Boost Manufacturing Sector

The infrastructure program of the government in 2021 hopes to partly boost the manufacturing sector in the Philippines, as well as look at the concerns in economic activities and domestic growth. According to Rizal Commercial Banking Corporation (RCBC) chief economist Michael Ricafort, this program with around P1 trillion annually from 2016-2022, hopes to support the expansion of the Markit Manufacturing Purchasing Managers Index (PMI) to 52.5.He said that in spite of the pandemic, PMI last December was the highest as compared to December 2018. “(This is) a leading indicator that could suggest a further pick-up in business/economic activities even after the Christmas season in December 2020,” he added. “For the coming months of 2021, increased infrastructure spending, as part of the priorities of the economic recovery program, would benefit contractors and manufacturing industries that are part of the supply chain/value chain. The government’s infrastructure spending is also expected to boost economic activities, especially in rural areas, “given (the) high multiplier effects on real estate/property and in many other related/allied industries,” he said. This growth will also impact the eventual availability of COVID vaccines, the re-opening of the domestic economy, and the impact of monetary easing.

Company

Philippine Resources - February 03, 2021

Metro Pacific Takes Over Philippine Coastal Storage & Pipeline Corp

After buying out its owners, Metro Pacific Investment Corp. has taken over Philippine Coastal Storage & Pipeline Corp. (PCSPC), one of the country’s largest independent storage facility in Subic Bay. The firm said that it already finished the acquisition of 100 per cent of Philippine Tank Storage International Holdings Inc. together with partner Keppel Infrastructure Fund Management Pte. Ltd, trustee-manager of Keppel Infrastructure.In its filing, Metro Pacific said it acquired Philippine Tank Storage International Holdings from Macquarie Infrastructure Holdings (Philippines) Pte. Ltd., Government Service Insurance System and Langoer Investments Holding B.V. Metro Pacific and Keppel acquired the shares using a Philippine holding company called KM Infrastructure Holdings Inc. The holding company was 20 per cent owned by Metro Pacific and 80 per cent held by Bay Philippines Holdings, part of the Keppel Group.Metro Pacific also said that it had acquired 30 per cent of the outstanding shares of KM Infrastructure for P4.1 billion, which boosted its stake in KM Infrastructure from 20 per cent to 50 per cent.Furthermore, Metro Pacific and Keppel Infrastructure Trust entered into a shareholders’ agreement to govern their relationship in managing KM Infrastructure and its subsidiaries. This involved transfer provisions, customary governance provisions, and deadlock resolution mechanisms.

Construction

Philippine Resources - February 03, 2021

Estrella-Pantaleon Bridge 78% Complete

The construction of the Estrella-Pantaleon Bridge is nearing completion, just in time for its opening this year.According to the Department of Public Works and Highways (DPWH) Secretary Mark Villar, the bridge Barangka Drive in Mandaluyong City and Estrella Street in Makati City is already 78.5 per cent complete. He said that once the bridge is completed, it will not only ease the traffic but is able to accommodate around 50,000 vehicles a day. This bridge along with the Binondo-Intramuros Bridge project is one of the two bridges from the People’s Republic of China.

Construction

Philippine Resources - February 01, 2021

Infrastructure Spending Down In 2020

Spending on infrastructure went down in 2020.According to the data provided by Budget Assistant Secretary Rolando U. Toledo, infrastructure expenses were at P681-billion, 22.7% lower as compared with the previous year.State spending on these projects reached P276.1 billion and that infrastructure spending surpassed P225.5 billion. Toledo said that data included the total spending of the government on infrastructure, including the infrastructure components of transfers to local government units and subsidies or equities to government-owned and -controlled corporations (GOCCs).The realignment of funds last year because of the pandemic caused the government to slash the infrastructure funds. For this year, the budget is expected to reach P1.2 trillion or equal to 5.9% of GDP. “With a multiplier of 2.27, meaning every peso spent creates another P1.27, some 1.7 million jobs can be created to accelerate the recovery. Timely implementation of infrastructure projects will have the biggest impact on our recovery prospects,” said Chua.Emilio S. Neri, Jr., the lead economist at the Bank of the Philippine Islands (BPI), said that the underspending of the government may pose a downside risk to the 2021 rebound. “With businesses still struggling, the lack of fiscal support and public construction may stall the recovery and dampen the demand for capital goods,” Neri said.Oxford Economics said that quarantine restrictions should then be relaxed to allow infrastructure projects to continue.

Economic

Philippine Resources - February 01, 2021

Philippine Economy Suffers In 2020

The Philippine economy has suffered the worst annual contraction in 2020.According to the data from the Philippine Statistics Authority (PSA), the GDP of the country contracted by 8.3% in the fourth quarter as compared with the 6.7% growth of the same period in 2019. This data, however, was better than that of the second and third quarter in 2020.For the whole of 2020, GDP went down to 9.5%, the steepest contraction in the history of the Philippines. This was also the first economic contraction for the two decades and since the Asian financial crisis. “The year 2020 will be remembered as the most difficult year in our lives. The road ahead remains challenging but there is now the light at the end of the tunnel,” Acting Socioeconomic Planning Secretary Karl Kendrick T. Chua said. “The fall in consumption translates into a total income loss of around P1.04 trillion in 2020 or an average of around P2.8 billion per day. On a per-capita basis, annual family income declined by some P23,000 per worker, but this average masks wide differences across sectors and jobs. Some workers were hit much harder, while others lost their jobs completely.”With more businesses reopening, the economy grew to an adjusted 5.6%. “However, it also shows the limits of economic recovery without any major relaxation of our quarantine policy,” said Chua.Private consumption, meanwhile, fell by 7.2% in the fourth quarter. “Restrictions on the demand side, notably on the mobility of children, and hence families, prevented private consumption from making a stronger comeback,” Chua said.Major sectors such as industry, service, and agriculture declined in 2020. “Nevertheless, we see green shoots of recovery. Investments had a slower contraction of -29.0% from -41.6% in the previous quarter. Both private and public constructions saw improvements, but inter-province travel restrictions have prevented many workers from going back to work,” Chua said.Government spending increased to 4.4% in the last three months of 2020 in spite of a high base in 2019, said Chua. Gross National Income (GNI) also contracted by 12% in the last three months of 2020.Because of this data, Chua said that a rebound may likely come in mid-2022 with the economy further expanding by 8-10%. “Further opening the economy in 2021 will require a careful and calibrated approach given risks from new virus strains. However, prolonging the status quo of community quarantine and risk aversion is not an option,” Chua said. Meanwhile, ING Bank N.V. Manila Branch Senior Economist Nicholas Antonio T. Mapa said, “Despite the 9.5% contraction in the economy, we are not counting on authorities to whip out any form of stimulus to offset the downturn, both on the monetary or fiscal front.”He added, “With only a modest pickup in government outlays expected in 2021 and with the trade balance forecast to remain in deficit, we do not see a stark pickup in economic activity with GDP growth powered mainly by base effects with the economy still lacking substantial momentum to drive growth back to the 6% level.”Capital Economics Economist Alex Holmes noted that the economy may likely remain 10% smaller as compared with pre-pandemic levels. He said, “Vaccination would be a game-changer for the economy, allowing social distancing restrictions to be lifted and the resumption of tourist arrivals. But widespread inoculation doesn’t look likely until at least next year. The Philippines has so far not secured enough vaccines to cover its population and faces many logistical challenges, not least running a vaccination program across its roughly 2,000 inhabited islands.”

Construction

Philippine Resources - January 29, 2021

Cavite Govt Cancels Sangley Airport Project

The Cavite Government has cancelled the award given to China Communications Construction Co. (CCCC) and Philippine company MacroAsia Corp. for the $10-billion airport deal in Sangley Point. MacroAsia said, “The notice of selection and award for the Sangley Point International Airport Project issued on 12 February 2020 was cancelled.”According to Cavite Gov. Jonvic Remulla, the decision didn’t involve the US sanctioning of CCC and other Chinese firms. The US had blacklisted several Chinese companies who had built military installations in the areas of the South China Sea. Chinese foreign ministry spokesman Zhao Lijian said, “We hope the Philippines can provide a conducive business environment for Chinese companies.”On another note, the so-called NAIA consortium could take a shot at the Sangley airport. “We will consult with the other members of the consortium... the original NAIA consortium,” AC Infrastructure Holdings Corp. president and CEO Jose Rene Almendras said.Meanwhile, Metro Pacific Investments Corp. (MPIC) Chairman Manuel V. Pangilinan said, “We don’t know enough about the project – the little we know we’ve gleaned from media accounts. But it looks interesting – not least because the airport connects to our southern tollways.”Aboitiz InfraCapital president and CEO Cosette Canilao said, “We have always believed that airports will be key to reviving the economy, and we remain open to looking at opportunities in the sector.”“We can’t say at this point. We’ll have to assess the terms first. But right now, we’ll focus on other existing projects,” Megawide chief business development officer Jim Feliciano added.

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Construction

Philippine Resources - January 29, 2021

SMC Completes Skyway Stage 3: A Boost to Economic Recovery

In spite of the pandemic, San Miguel Corporation (SMC) were able to build Skyway Stage 3, one of the biggest road networks that connect North and South Luzon, easing traffic in Metro Manila. This not only elevated goods and services during the crisis but gave hope to millions of Filipinos under the leadership of President Rodrigo Duterte and SMC President Ramon Ang. On Jan 14, 2021, Duterte and his team formally opened the new skyway to traffic. “Because of the strong leadership of President Duterte, and with the help of his hands-on cabinet secretaries and economic team, we were able to finally resolve right-of-way issues and complete Skyway 3,” Ang said. “This is a game-changer for our economy, especially now that we are still dealing with the pandemic. By providing seamless access between the north and south, we also unlock the true potential of our provinces.”Since its soft launch last Dec 29, 2020, some 71,000 cars and vehicles have already traversed the highway. “At full capacity, with seven lanes available, Skyway can easily handle 50 per cent of Edsa traffic or 200,000 vehicles per day. Together with the existing Skyway 1 and 2, the Skyway system now has 38 kilometres of elevated expressway with 36 on- and off-ramp access points. This will greatly contribute to decongesting Metro Manila traffic,” Ang said.Meanwhile, Ang said that the construction of the Manila International Airport project in the province of Bulacan is already in full swing. With four-parallel runways and modern facilities, the project is set to connect major highways in Metro Manila.Ang tagged the project as completed in 2025. Two major expressways are also set to open in 2023.

Economic

Philippine Resources - January 29, 2021

Imports, Exports Decline in 2020

The quarantine and lockdown measures caused the external trade in goods in the Philippines to decrease by 18.2 per cent to $149.37 billion in 2020.In the latest preliminary data by the Philippine Statistics Authority, total trade with the rest of the world dropped to $182.52 billion in 2019 as both exports and imports noted double-digit declines. As compared with $70.93 billion in 2019, the export of the Philippines in 2020 went down to 10.1 per cent or $63.77 billion worth of products. Imports, meanwhile, went from $111.59 billion in 2019 to $85.61 in 2020.Last year, the contraction in exports was smaller than the projected 16 per cent by the Cabinet-level Development Budget Coordination Committee (DBCC) even as the slump for imports was bigger than the estimated 20 per cent. The balance of trade-in goods went still at a deficit of $21.84 billion, although 46.2 per cent narrower in 2019 with its $40.67 billion. With imports going down in 2020, exports had a meagre year-on-year growth in the months of September and November. Export products also decreased by 7.6 per cent to $36.98 in 2020. Among the top destinations of the Philippines for exports, last year included the United States, Singapore, Taiwan, South Korea, Japan, China, Thailand, Germany, and Vietnam. Compared to 2019, exports in the other countries - except for Vietnam who climbed up 0.2 per cent - declined. For imports, the countries involved were Japan, China, United States, Singapore, South Korea, Indonesia, and Thailand. ING senior economist Nicholas Mapa said in a report that this trend might continue in 2021.

Construction

Philippine Resources - January 29, 2021

An Overview of the Luzon Spine Expressway Network

The road network in the Luzon area is well underway. Known as the Luzon Spine Expressway Network, the network would soon be stretched from 382 kilometres to 905 kilometres of expressways. Not only will traffic be decongested (especially in Metro Manila), but travel time will be cut in half. For instance, instead of the usual travel time of 20 hours from Ilocos to Bicol, travel time will now be reduced to only 9 hours. According to Public Works and Highways Secretary Mark Villar, the continuous build-up of cars on the road causes massive problems. He said, “Based on the Japan International Cooperation Agency (JICA) study, the Philippines losses P3.5 billion a day due to traffic congestion in Metro Manila. “The government will continue to implement the master plan on highway network development to address traffic congestions along with vital road networks in the country particularly in highly urbanized areas.”He added, “The High Standard Highway (HSH) Network Development Masterplan will be updated by expanding the coverage from the sphere of 200 kilometres to 300-kilometre radius around Metro Manila. Expanding the expressway network will hasten the economic development of regional cities to avoid over-concentration of socio-economic activities in Metro Manila and eventually diminish the economic disparities across the country.”Among the 23 expressways part of the Spine Network, only seven have been completed so far, which is around 109 kilometres of road. These are the 5.58-kilometre NLEX Harbor Link’s Segment 10 and 2.60-kilometer C3-R10 Section completed and delivered in 2019 and 2020 which connects the C-3 and McArthur Highway; the 14.85-kilometre NAIA Expressway, Phase II completed in 2017; the 27.31-kilometre Urdaneta City -Rosario, La Union Section of the Tarlac-Pangasinan-La Union Expressway completed; the 9.96-kilometre Arterial (Plaridel) By-Pass Road, Phase II completed in 2018. Some of these roads that are being constructed right now are the 18.83 kilometres Metro Manila Skyway Stage 3 which connects the South Luzon Expressway to the North Luzon Expressway and expected to open in December 2021; the 8.35-kilometre NLEX Harbor Link, Segment 8.2 which is projected to start in 2021 to 2024, expected to reduce travel time from Mindanao Avenue to Commonwealth Avenue from 45 minutes to 10 minutes; the widening of the 24.61 km bypass road from two lanes to four lanes which include 10 bridges (1,439.72 l.m.), slope stabilization works, and drainage facilities. Other projects include the 30-kilometre Central Luzon Link Expressway, CLLEx which is already 90% complete and runs from Cabanatuan to Tarlac; the four-kilometre Alabang-Sucat Skyway Connection and Ramp Extension Project which is already 47% completed; the 8-kilometre NLEX-SLEX Connector Road which is already 11% completed; the 7.7-kilometre Manila Cavite Toll Expressway Project, C-5 South Link Expressway which is expected to be completed in 2022; the 32.66-kilometre Southeast Metro Manila Expressway, C-6 (Phase I) which is at 12% progress. Also, projects that are well underway include the Cavite-Laguna Expressway; the South Luzon Expressway-Toll Road 4 Project; the Camarines Sur Expressway.There are also projects which are waiting for approval or under a feasibility study. These are the 59.4-kilometre TPLEX Extension from Rosario to San Juan, La Union; the 127-kilometre North Eastern Luzon Expressway; the proposed 19-kilometre North Luzon East Expressway, NLEE (La Mesa Parkways Project) costing P7.8 billion; the C3 Missing Link Project; the 50.43-kilometre Cavite-Tagaytay-Batangas Expressway (CTBEX); the Quezon-Bicol Expressway.Villar added, “A masterplan study on proposed tunnel projects will be developed to address constraints on connectivity due to the geographic profile of the country.”Stressing that the Philippines will be very different in 2022, he said, “That I can guarantee and if you can look at the pipeline that we have that’s evidence that definitely there’ll be a different country than what we came in.”

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