Special assistant to the President for Investment and Economic Affairs secretary Frederick Go on Monday said 15 additional projects were lined up before the Steering Committee of the Luzon Economic Corridor in addition to the 28 projects earlier submitted, bringing the total proposed projects to 43.
Speaking to reporters on the sidelines of the Franchise Asia Philippines 2024 International Franchise Conference, Go said the Subic Bay Metropolitan Authority, the Department of Energy, and the Department of Public Works and Highways submitted the 15 projects endorsed to the Steering Committee.
"We presented 28 before plus 15 now. So that's a total of 43, right? But the idea is they've seen all of it and will narrow it down. The ideal number should be around five or six," he told reporters.
He added the rail project connecting Subic, Zambales, and Batangas provinces is the only project that the Luzon Economic Corridor parties have publicly identified as a priority.
The economic czar also sees that energy projects are crucial in developing the Luzon Economic Corridor.
The initiative is an offshoot of the Trilateral Leaders' Summit of the Philippines, United States, and Japan, which aims to bring in investments in the western parts of Luzon.
Go said the Steering Committee is set to hold its third meeting in November.
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