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Home›Business & Finance›VIDEO: Gateway Asia 2030 – Making New Land
Business & Finance

February 9, 2015 · about 11 years ago

VIDEO: Gateway Asia 2030 – Making New Land

As one of the world’s most densely populated capitals, Manila struggles with insufficient transport infrastructure. This can slow down economic growth and hinder economic potential. A large-scale transport plan for Manila Bay will help solve the problem by interconnecting air- and seaport facilities

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As one of the world’s most densely populated capitals, Manila struggles with insufficient transport infrastructure.

This can slow down economic growth and hinder economic potential. A large-scale transport plan for Manila Bay will help solve the problem by interconnecting air- and seaport facilities.

With a GDP growth of 7% per year, the Philippines is among the fastest-growing economies in Southeast Asia. Yet much of the Philippines’ economic and social potential remains untapped, and the country could play a much stronger role in the global village. Experts and politicians agree that a clogged infrastructure is at the root of the problem.

One of the solutions for the problem is to build new facilities on reclaimed land in Manila Bay, such as new airport and seaport.

The planned seaport will be located next to the airport and supplement Manila’s existing ports. The port masterplan also leaves room to further develop the seaport with container and liquid bulk transhipment activities, and the plan aims to accommodate the very large vessels expected in future.

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