MANILA, Philippines — In line with President Ferdinand Marcos Jr.’s directive to prioritize infrastructure development, the Department of Budget and Management (DBM) has released P46.22 billion to fund 1,743 public works projects nationwide, Malacañang said Tuesday.
Palace Press Officer Claire Castro said the funds were released to the Department of Public Works and Highways (DPWH) for the infrastructure projects that would improve road connectivity and mobility in the different regions of the country.
The release of these funds aimed to ensure the continuous implementation of the infrastructure projects, and that no project would be delayed, Castro said during a press conference.
She said the initiative was also part of the administration's efforts to accelerate infrastructure development and spur economic growth.
Among the major projects is the Davao City Bypass Construction Project which has an approved allocation of more than P288 million for fiscal year 2026, Castro said.
