6 billion 450 million US $6 billion 450 million infrastructure projects are approved by the government of the Philippines
The director of Philippines's national economic development and social economic planning minister Ernesto Pernilla said recently, NEDA recently approved the north-south railway, Philippines Coast Guard two maritime security capacity reconstruction project, Plaridel toll road project in Manila, flood control project, Manila rapid transit channel, Bikol (Bicol) International Airport Terminal upgrade ten infrastructure and construction projects. The total value of more than 300 billion pesos (about 6 billion 450 million dollars).
It is understood that, as one of the main export targets of China's construction machinery industry, a series of capital construction projects started, which represents more opportunities for Chinese construction machinery enterprises.
According to customs statistics, the first half of 2016, ASEAN has become China's construction machinery exports the first big market, of which Philippines is the most attractive, the statistics show that China's excavators, loaders, bulldozers, rollers, cranes, concrete machinery and other types of engineering machinery equipment to Philippines as an important target market.