Metro Manila traffic jams costing Philippine economy $64 million a day

September 16, 2015 9:53 AM

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MANILA, Philippines – An official estimates that metropolitan Manila's notorious traffic jams cost the Philippine economy at least 3 billion pesos ($64 million) a day.

Economic Planning Secretary Arsenio Balisacan said Wednesday a Japanese study in 2012 found that time lost by people stuck in traffic and the extra cost of operating vehicles in gridlock in metropolitan Manila and nearby areas amounted to 2.4 billion pesos ($51 million) a day.

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