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The US is concretizing its plans for the Luzon Economic Corridor—an infrastructure initiative connecting Subic Bay, Clark, Manila, and Batangas.The US State Department and USAID pledged more than $14.75 million, subject to congressional approval, to support project preparation and technical assistance for infrastructure development and other strategic programs along the Luzon Economic Corridor.
A coalition of investors, co-chaired by GIP and KKR, and the Indo-Pacific Partnership for Prosperity recently signed a memorandum of understanding to collaborate on catalyzing infrastructure investment. The US government expects to replicate this model in other regions and countries in the coming years to further attract private sector investment, aligning with PGI priorities.
A US Trade and Development Agency grant is funding a feasibility study to support the expansion of a Vessel Traffic Management System at eight to 10 locations in the Philippines.
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