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UK Exploring Infra Opportunities in the Philippines

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Fri, 10 Nov. 2017
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    Business World

The United Kingdom (UK) remains committed to supporting the Philippine government’s building programme and is currently looking at opportunities in Iloilo, where it hopes British companies can add value to transport infrastructure projects.

UK officials made the announcement at a joint meeting of the Makati Business Club, the British Chamber of Commerce in the Philippines and the Philippine-British Business Council.

The British Embassy’s Trade and Investment Director Mike Moon told BusinessWorld that Ambassador Daniel Pruce has visited Iloilo to assess the possibility of supporting port development projects.

Meanwhile, Mr. Moon will visit Cebu, whose airport could be a model for future foreign participation.

“[Tomorrow] I’m going to look around Mactan-Cebu [International Airport] so we’re looking at the example they have,” he said.

“It’s the only private airport in the Philippines so there’s no reason why that model can’t be used in other [areas]. There’s no reason why that example can’t be used in other airports across the Philippines.”

In September, the UK committed to provide loan export credit of up to £4.5 billion for infrastructure projects with British participation.

Current projects with British involvement include developing the Port of Mariveles and the new Clark Green City, Mr. Moon said.

Mr. Moon also said that the embassy will also be announcing in a few weeks some engagements between the two countries related to science and technology.

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