We have the skilled construction workers who were the labour force who built some of the major infrastructure projects in the Middle East, East & Southeast Asia, Africa, and the US. We have the creative real estate developers such as Ayala, DMCI, and SM.
What's missing? As always, it's the will to make this a reality! What to do with our huge surplus of last year? Spend them and invest in job-creating projects like the renovation of airports. It's good for incomes, employment, profits, productivity, future tax base, investments, and overall development. To me, it's just perfectly fine for PNoy to run a budget deficit so long as we invest in job-creating projects.
P.S.1. Given Metro Manila's overburdened landscape, I think that the government should seriously consider moving our country's main airport to the Clark International Airport sooner than later.
P.S.2. The longstanding investments disputes over the NAIA-3 between the Philippine government, Germany's Fraport AG, and the Filipino-Chinese PIATCO should be put to an end. Determine reasonable compensation to the developer-contractors and ensure another competitive bidding for its renovation and operation that is free from corruption. Importantly, make sure justice is served against the corrupt who have sabotaged the nation's transportation function, plundered the government's treasury, and impeded our society's development progress.
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