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Thursday, May 16, 2024

Large Swedish firms eyeing infra projects

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BIG Swedish companies are interested to take part in the “Build, Build, Build” infrastructure program of the Duterte administration.

Swedish Ambassador to the Philippines Harald Fries said in a meeting with Finance Secretary Carlos Dominguez III that Swedish companies had expressed interest in joining efforts to modernize the Philippine infrastructure, especially in setting up a bus rapid system and beefing up security in the country’s airports. 

Fries said the Sweden-based global vehicle manufacturer Volvo Group and Saab could lend their expertise to the government and take part in the “Build, Build, Build” program. 

“The Build, Build, Build program generates a lot of interest among Swedish businesses,” Fries said during the meeting. 

The Volvo Group manufactures trucks, buses, construction equipment and industrial engines, while the Saab Group specializes in defense and security systems. 

“The Swedish infrastructure minister has invited Transportation Secretary Arthur Tugade to Sweden to study how we do it,” the envoy said.

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