Turner & Townsend in Philippines
The Philippines' construction and infrastructure sector is expected to grow rapidly between 2017 and 2021, with an average growth rate of 11.2 percent.
President Rodrigo Duterte unveiled his economic development plan, which includes £55bn in major construction and infrastructure investments over the next five years. The improvement in services is ascribed to liberalisation and deregulation that have encouraged innovations in telecommunications, retail, transportation and financing.
Making the difference
We have been working in the Philippines since 2006 and over this time have gained a good understanding of the local market. There has been a significant shift in government plans for more infrastructure projects to be financed by either direct government funding or official development assistance, instead of public-private partnerships (PPP). We provide our clients with assurance and guidance through challenges in the Philippines construction market.