80,000 new jobs to be created from big-ticket infra projects

The Department of Transportation expects to generate 80,000 jobs from its large-scale infrastructure projects.

Transportation Secretary Jaime J. Bautista said the agency would prioritize the construction of rail, aviation and road projects, slated for completion from 2025 to 2029.

DOTr will also start construction works on the New Manila International Airport in Bulacan, Sangley Airport in Cavite and the modernization of the Ninoy Aquino International Airport (NAIA).

Also to be constructed are the Cebu Bus Rapid Transit (BRT) and the Davao Modernized BRT.

“All these projects will provide employment. For the rail sector, we are looking at 60,000 direct employment. For the other sectors, aviation and road, we are looking at atleast 10,000-20,000 direct employment,” he said.

Bautista said the ongoing transportation infrastructure projects would help spur the country’s economic growth, cut travel time and reduce the cost of cargoes.

Yuchengcos build new solar power plant in Bohol

PetroGreen Energy Corp., the renewable energy arm of Yuchengco-led PetroEnergy Resources Corp. (PERC), launched its planned 27 megawatts of direct current (MWDC) Dagohoy solar power project (DSPP) in a 22-hectare site in Bohol.

Yuchengcos build new solar power plant in Bohol

PetroGreen Energy Corp., the renewable energy arm of Yuchengco-led PetroEnergy Resources Corp. (PERC), launched its planned 27 megawatts of direct current (MWDC) Dagohoy solar power project (DSPP) in a 22-hectare site in Bohol.

Germany raids properties belonging to Russian oligarch

German investigators on Wednesday raided properties belonging to a Russian oligarch suspected of tax evasion and breaking EU sanctions, police and prosecutors said, with sources naming billionaire Alisher Usmanov as the target.

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