21 February 2012

Government Readies 16 PPP Projects


The government has identified 16 public-private partnership (PPP) projects in various stages of development and would be ready for private sector participation.
Socio-economic Planning Secretary and National Economic and Development Authority Director General Cayetano Paderanga told participants of the JICA PPP seminar that these projects have multiplier effects on the economy and aim to benefit the poor.
The projects include traditional infrastructure projects like airports, roads and rail, as well as water projects.

These are the Laguindingan Airport in Misamis Oriental, the new Bohol Airport, Mactan Airport, Puerto Princesa Airport, the LRT Line 1 and Line 2, and the BALARA water hub and Angat Hydro Electric Power Plant for its operation and maintenance.
“We also see PPP as a viable and creative solution to our other infrastructure needs in addressing social concerns like hospitals, schools, grain centers, and storage facilities for our agriculture sector, among others,” said Paderanga.
He noted that there has been much interest from the private sector to collaborate with the government and build these projects at the soonest possible time.
“But as the nature of transparency and accountability dictates, we have to take very careful and measured steps, so as not to dampen business sector confidence in the country.”
“With this growing confidence, the PPP program has gained momentum and the international business community is already taking notice.”
Paderanga also noted that the Philippines has been ranked as the third most preferred market in the world for global fund managers because the international financial community welcomes the present administration's reform agenda.
“This as an opportunity to improve the lives of our countrymen including the development of the country’s infrastructure supported through PPP, among other reforms.”
Sec. Paderanga also pointed out that the government would continue to focus on sustaining the gains achieved through the reform agenda and strengthen the country’s international competitiveness.
“We will continue to make sound fiscal policies while improving the process of doing business in the Philippines and work together with the private sector as the main engine of economic growth,” he added.
By EDU LOPEZ
mb.com.ph

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