PH pitches LEC projects to Italian firms
Inquirer.net
17 October 2026
MANILA, Philippines — The Philippine government has pitched potential projects under the Luzon Economic Corridor (LEC) to Italian companies interested in investing in infrastructure, technology, and other strategic sectors.
This is according to the Department of Finance (DOF), which said it presented potential projects where 10 Italian companies could contribute through financing, technical assistance, technology and expertise, as well as direct investment and partnerships.
The companies included shipbuilding firm Fincantieri, engineering companies Centro Elettrotecnico Sperimentale Italiano (CESI) and SIAD Macchine Impianti, and rail transport technology firm MERMEC Group.
The companies operate in key sectors such as transportation, energy, water, shipbuilding, advanced underwater technologies, irrigation, and engineering and construction-related services.
Also joining the business mission were Italy’s trade and financial institutions, Cassa Depositi e Prestiti, SIMEST, SACE and the Italian Trade Agency.
“We welcome all investments in the country, especially those that create good, quality job opportunities for our people,” Finance Secretary Frederick Go, who also serves as Philippine chair of the LEC, said.
“Our role is clear: to attract investments to the Philippines. Our job is to promote ease of doing business, reduce costs, and make doing business in the country more predictable,” he added.
Meanwhile, Italian Ambassador to the Philippines Davide Giglio described the LEC as a “unique opportunity” for Italian firms.
“We believe the Luzon Economic Corridor is a unique opportunity for greater involvement of Italian businesses in this country. The companies present today are a vote of confidence showing commitment and interest in our long-term partnership,” he said.
Italy joined the LEC in May alongside Australia, Denmark, France, South Korea, Sweden and the United Kingdom. At the time, Italy committed to increasing public financial support to encourage private-sector investments from Italian firms in transport, semiconductor, and manufacturing projects tied to the corridor.
In 2024, they formed the LEC to expand transport, energy, digital connectivity, and manufacturing infrastructure across western Luzon.It now has 13 partner countries, including the United States and Japan. /pai
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