The Asian Development Bank has warned that heavy population density and difficulties securing right-of-way could delay projects tied to the Luzon Economic Corridor, according to Manila Bulletin. The bank's assessment points to land acquisition and congestion as practical obstacles facing the initiative.
The corridor was in the spotlight in Manila as it drew roughly 600 investors, the Daily Tribune reported. At the same event, President Ferdinand Marcos Jr. urged foreign investors to put money into the corridor and to place their trust in the Philippines, according to ABS-CBN. Marcos also called for investments that would be sustained over the long term, the Philippine News Agency reported.
The gathering was not without friction. Inquirer.net reported that four people were arrested and 16 police officers were injured during a rally outside the forum held in Taguig City.
