Infrastructure Investment
Infrastructure has been used as an umbrella term for many activities. It plays a crucial role in every
economy. The availability of transport, communication, electricity, safe water and sanitation, health
infrastructure and other basic facilities has a tremendous impact on improving the quality of life and
well-being of the community. Infrastructure facilities and services are instrumental to efficient
production, transport and trade that all spur economic growth, which in turn helps in reducing
poverty.
Every community are drivers of growth. Across the province, we are witnessing
unprecedented urbanization and impacts from climate change and disruptive
technology. Towns and cities need to be livable and inclusive. They need to offer
efficient services, including transport, housing, clean water, and sanitation. And
they need to attract businesses, offer jobs, and provide an improved quality of life
for citizens. Investing in ports, airports, roads, railways and other transportation
infrastructure bolsters trade, creates jobs, and reduces urban congestion. Through
more efficient, safe and affordable movement of people and goods, transportation
fosters both economic growth and sustainable development.
As the municipality’s economy continue to grow, access to safe water,
sustainable waste management and other municipal infrastructure must
expand to meet demand. Lack of clean water is a serious public health
concern, especially in the wake of the COVD-19 pandemic. Poor sanitation
also poses significant environmental challenges. The cost and complexity of
addressing these problems is very high. As a result, innovative market-
oriented long-term solutions are needed. Although only a small percentage
of population still lacks access to safe drinking water in some barangay, still
the existing water infrastructure provides neither comprehensive sanitation
services nor adequate wastewater treatment. With the COVID-19 pandemic
still challenging public health services around the world, and regional
ecosystems threatened by polluted wastewater, financing the expansion of
water infrastructure is more important than ever. Water service
improvements are complex and expensive. The LGU of Bayambang works
with the local water service provider (BayWaD) and clients in emerging
markets to build innovative, market-oriented and long-term solutions to
water infrastructure challenges.
Digital Infrastructure such as telecommunications, media, and technology
are the building blocks of the modern world. Digital infrastructure underpins
every aspect of society and the economy. Smart town and cities, e-
government, financial services, manufacturing and e-commerce all rely on
strong digital infrastructure. Strengthening the digital capacity of developing
countries enables inclusive growth, economic stability and improved quality
of life for all citizens, including the most vulnerable.
Energy access drives inclusive growth, creates jobs and strengthens
economies. Different institutions and entities help bridge the development
divide in emerging markets by financing power generation, transmission and
distribution projects. Every LGU investment and advisory work takes place
across a range of technologies, with an emphasis on low-cost renewable
energy.
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It involves improvement of the quality of the various components of infrastructure, such as roads, power,
ICT, water and sanitation
development of a city or municipality’s infrastructure is vital to the growth of its sectors and the overall
economy. The infrastructure sector primarily comprises of electricity, roads, telecommunications,
railways, irrigation, water supply and sanitation, ports and airports, storing facilities, and oil and gas
pipelines.
Infrastructure is considered to be the key for promoting sustainable and inclusive economic growth. So a
great deal of policy emphasis has been placed on infrastructure development for augmenting growth,
productivity and quality of life of the citizens of the developing country.
