Webp pnb30s3h1bb2k1l4v1say2y80h1k
Dereck J. Hogan, Executive Secretary Executive Secretariat | https://www.state.gov/biographies/dereck-j-hogan/

U.S., Philippines, Japan launch steering committee to boost Luzon economic corridor

ORGANIZATIONS IN THIS STORY

On the sidelines of the Indo-Pacific Business Forum in Manila, U.S. Senior Advisor to the President for Energy and Investment Amos Hochstein, along with Acting Special Coordinator for the Partnership for Global Infrastructure and Investment (PGI) Helaina Matza, joined fellow co-chairs Philippine Senior Advisor to the President for Investment and Economic Affairs Frederick Go and Japan Ministry of Foreign Affairs Director-General for International Cooperation Bureau Ishizuki Hideo for the inaugural Luzon Corridor Steering Committee meeting. The committee aims to drive infrastructure investment and development along the Corridor.

The Steering Committee seeks to implement the Trilateral Leaders’ commitment made in April to develop the Luzon Economic Corridor under the PGI Indo-Pacific Economic Framework (IPEF) Investment Accelerator. The partners discussed priority sectors for engagement, reviewed potential projects, and identified areas of interest. They committed to holding future meetings on a quarterly basis.

The Luzon Economic Corridor is the first PGI economic corridor in the Indo-Pacific region. It will support connectivity among Subic Bay, Clark, Manila, and Batangas while facilitating strategic investments within each hub in high-impact infrastructure projects. These projects include rail, port modernization, agribusiness, clean energy, and semiconductor supply chains and deployments.

ORGANIZATIONS IN THIS STORY