The Philippines Department of Finance met Italian trade representatives to explore potential projects and investment opportunities in the Luzon Economic Corridor. The discussions covered possible Italian contributions through direct investment, partnerships, financing, technical assistance, technology and expertise, but no specific commitments were announced. The delegation included representatives from 10 Italian companies across transportation, energy, water, shipbuilding, engineering and construction related services. Italian public institutions Cassa Depositi e Prestiti, SIMEST, SACE and the Italian Trade Agency also participated, bringing financing and guarantee capabilities. The Philippine government highlighted the North-South Commuter Railway Project as one potential investment opportunity.
Philippines Department of Finance explores Italian investment in Luzon Economic Corridor
The Philippines Department of Finance and an Italian delegation explored investment opportunities in the Luzon Economic Corridor. Discussions covered financing, technical assistance, technology and direct investment, with the North-South Commuter Railway Project highlighted as a potential opportunity.