One Monday morning in Manila, cars moved in a slow line along the main avenue. Taxi driver Ranilo Banez shook his head at the long line of cars.
Crowded roads have become more common as Manila's economy grows. Mr. Banez said a 10-kilometer (or 6-mile) trip that once took 30 minutes may now take up to two hours.
"We lose so much," Mr Banez, 64, said. "We waste a lot of gasoline and time."
In Manila and other cities in Asia, people are building many office and apartment towers. But the building of roads, railways and other important infrastructure has been slower, in part because of the 1997 financial crisis.
Urgent needs for infrastructure
Before the 1997 financial crisis, many developing Asian countries spent six to eight percent of their yearly economic output on public works. After the crisis, that amount dropped to as little as two percent.
One Monday morning in Manila, cars moved in a slow line along the main avenue. Taxi driver Ranilo Banez shook his head at the long line of cars.Crowded roads have become more common as Manila's economy grows. Mr. Banez said a 10-kilometer (or 6-mile) trip that once took 30 minutes may now take up to two hours."We lose so much," Mr Banez, 64, said. "We waste a lot of gasoline and time."In Manila and other cities in Asia, people are building many office and apartment towers. But the building of roads, railways and other important infrastructure has been slower, in part because of the 1997 financial crisis.Urgent needs for infrastructureBefore the 1997 financial crisis, many developing Asian countries spent six to eight percent of their yearly economic output on public works. After the crisis, that amount dropped to as little as two percent.
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