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Philippines' agriculture department plans to build 17 specialized ports for reduced food prices and improved logistics at a P40.5B budget.
The Philippines' Department of Agriculture (DA) plans to construct 17 specialized ports for agricultural shipments, costing approximately P40.5 billion ($795 million).
Targeted locations include Mindoro, Negros, and Batangas.
The initiative aims to enhance logistics and reduce food prices, potentially decreasing fertilizer and feed costs by 5-15%.
The DA encourages private sector investment to share risks and improve infrastructure efficiency.
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El departamento de agricultura de Filipinas planea construir 17 puertos especializados para reducir los precios de los alimentos y mejorar la logística con un presupuesto P40.5B.