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Luzon corridor expected to create quality manufacturing jobs — Recto

THE proposed Luzon economic corridor is expected to result in the creation of high-quality manufacturing and construction jobs, Finance Secretary Ralph G. Recto said.

“The massive transport projects that will be undertaken along the corridor as well as the opportunities for investment in key economic hubs will create high demand for both skilled and unskilled jobs in the construction and manufacturing sectors,” he said in a statement on Thursday.

“This will be an engine of growth that will further spread the fruits of inclusive development,” he added.

The proposed corridor is an initiative of the G7 Partnership for Global Infrastructure and Investment.

It is also the first of its kind in the Indo-Pacific region, according to the US State department.

The corridor will connect Subic Bay, Clark, Manila, and Batangas and focus on investments in “high-impact infrastructure projects, including railways, ports modernization, clean energy, semiconductor supply chains, and agribusiness to drive economic growth in each hub.”

Mr. Recto said the corridor will be a “prime location for export-manufacturing firms, positioning the Philippines as Asia’s top destination for cutting-edge production and innovation.” — Luisa Maria Jacinta C. Jocson