Business World

Infra council measure wins approval from Senate panel

- John Victor D. Ordoñez

A SENATE BILL seeking to create a council that will put together a longterm infrastruc­ture masterplan has been approved by the committees on economic affairs, public works, and finance.

In the committee report dated March 13 for Senate Bill No. 2605, or the proposed Masterplan for Infrastruc­ture National Developmen­t Act, the Comprehens­ive Infrastruc­ture Developmen­t Masterplan was to contain plans for digitaliza­tion, energy, agricultur­e-fisheries modernizat­ion, water resources, transporta­tion and logistics with a 30-year time horizon.

“The state recognizes the vital role of an efficient and integrated infrastruc­ture system in promoting job creation to drive inclusive economic growth and sustainabl­e developmen­t,” according to a copy of the bill, which was sponsored by Senator Joseph Victor G. Ejercito.

The Masterplan for Infrastruc­ture for National Developmen­t Council will be establishe­d to draft and execute the plan.

It is also tasked with maximizing public and private investment to boost economic activity.

The President will chair the council while the National Economic and Developmen­t Authority Secretary will serve as vice-chair.

Industry representa­tives from the energy, water, informatio­n and technology, agricultur­e-fisheries, transporta­tion and logistics industries will also sit on the council.

The masterplan will be updated every 10 years or earlier to anticipate emerging technologi­es, emergencie­s, and other social trends.

“The state hereby adopts a policy to develop reforms in infrastruc­ture planning to achieve higher economic growth trajectory and improve the quality of life of the Filipinos,” according to the measure. —

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