MANILA – Expanding the Philippine capital’s rail system is a “right step forward” but the train networks should also be convenient enough to lure those who own cars, Meralco’s infrastructure arm said.
Foreign investors are “very happy” to participate in the Philippines’ infrastructure overhaul, said MRAIL Inc. president and CEO Ferdinand Inacay.
“It will take a little time but definitely these are the right steps moving forward into developing a much more responsive transport system for our city dwellers,” Inacay told The Briefing on ANC’s Market Edge.
Risks from policy continuity are priced in, but are expected to ease despite a planned review of all government contracts, he said.
“It’s normal but it does not stop the show for investors and contractors. It’s a painful process but it does not stop the show,” he said. (ABS-CBN News)