The construction industry in Philippines is likely to bounce back with a growth rate of 8.3% during 2021-2024 after witnessing a 9.2% decline in 2020, SEAISI reported. The expected economic rebound will be supported by massive infrastructure investments among which the biggest projects slated to be started in 2021 are the North-South Commuter Railway System and Phase 1 of the Metro Manila Subway, followed by the Ambal-Simuay River project and Rio Grande de Mindanao River Flood Control Project.
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