Metro Manila traffic costing Philippines P3 billion a day
(Associated Press) - September 16, 2015 - 4:45am

MANILA, Philippines — An official estimates that metropolitan Manila's notorious traffic jams cost the Philippine economy at least 3 billion pesos ($64 million) a day.

Economic Planning Secretary Arsenio Balisacan said Wednesday a Japanese study in 2012 found that time lost by people stuck in traffic and the extra cost of operating vehicles in gridlock in metropolitan Manila and nearby areas amounted to 2.4 billion pesos ($51 million) a day.

With a bigger population today and more vehicles on the roads, he says 3 billion pesos ($64 billion) is a conservative estimate. The cost over a year is 0.8 percent of gross domestic product.

Balisacan says government infrastructure spending has been delayed, with agencies underspending due to difficulty in complying fast enough with new requirements to make public funding more transparent and corruption-free.

BALISACAN BILLION COST DAY ECONOMIC PLANNING SECRETARY ARSENIO BALISACAN MANILA METROPOLITAN MILLION PESOS TRAFFIC
Philstar
  • Latest
  • Trending
Latest
Are you sure you want to log out?
X
Login

Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. With your meaningful insights, help shape the stories that can shape the country. Sign up now!

SIGN IN
or sign in with