The biggest group of businessmen on Thursday submitted a list of resolutions to President Rodrigo Duterte during the 44th Philippine Business Conference in Manila.
“Traffic is costing us losses of up to P3.5 billion a day or P1.2 trillion a year, and wasting millions of man-hours. We propose more elevated roads that will allow passage through Bonifacio Ave., Shaw Boulevard, straight to Santolan in Quezon City. This will decongest traffic further,” the Philippine Chamber of Commerce and Industry said in a letter addressed to the president.
The group also aired concerns about airport congestion that is costing stakeholders more than P3 billion daily in added operational costs and productivity losses.
“We must build a new international airport with four parallel runways within an hour’s drive of major cities within Metro Manila, and connected by mass transit and major toll roads spanning north to south and east to west,” the PCCI said.
The group said seaport congestion was also costing businesses billions of pesos a day that effectively pushed up the cost of doing business. “On the average, we are losing P3 trillion to 4 trillion per year to traffic, airport and seaport congestion. If we can solve this, our cost of doing business will improve tremendously. This is what foreign investors are looking for,” the group said.
