Photo from https://ph.usembassy.gov/
MANILA, Philippines — Spain and the broader European Union (EU) bloc have backed the Philippines’ Luzon Economic Corridor (LEC), becoming the latest partners in an initiative aimed at channeling more investments into the Subic-Clark-Manila-Batangas growth belt.
Their entry expands the partnership—which began in 2024 as a trilateral initiative among the Philippines, the United States and Japan—to 13 members.
Welcoming the new partners on Thursday at the inaugural LEC Investment Forum, Finance Secretary Frederick Go said the initiative intends to tap the expertise and resources of the EU and Spain to advance infrastructure projects planned along the corridor.
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