Maharlika Fund setup expected to be speedy

Finance Secretary Benjamin Diokno said the Marcos administration’s economic team believes that the version of the MIF bill that Congress approved on May 31 will create a fund that can accelerate investments in high-impact infrastructure and development projects.

Earlier, Budget Secretary Amenah Pangandaman said the MIF was cued to help bankroll the administration’s pipeline of 194 infrastructure flagship projects. These projects include the Panay Railway Project, Mindanao Railway Project III, North Long Haul Railway, San Mateo Railway, University of the Philippines-Philippine General Hospital Diliman Project, the Naia or Ninoy Aquino International Airport Rehabilitation Project, Ilocos Sur Transbasin Project, and the Metro Cebu Expressway.

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