5 more PPPs rolled out in the Philippines

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Philippine president Benigno Aquino’s efforts have been rewarded by the international financial community

The Philippines has announced the opening up of five more bids under the government’s public-private partnership policy for the remainder of this year, making a total of eight projects available.

The first three projects have already started with a selection process for a $239-million school infrastructure project, a $1.4-billion LRT line in Cavite and a $377.5-million expressway, reported the Business Mirror, a local business paper.

The National Economic and Development Authority (NEDA) Board, which is chaired by the country’s President Benigno Aquino and responsible for major infrastructure projects, is currently reviewing three of the remaining five projects to come out this year.

Up for review are a $128.3-million orthopedic center project, a $11.3-million vaccine self-sufficiency project and a $466.8-million expressway between Cavite and Laguna.

NEDA’s Investment Coordination Committee is also conducting feasibility research for a $38.1-million hydroelectric power plant.

The government of the Philippines is now planning promotional meetings in Australia to attract investors and showcase opportunities such as the new PPPs.

The Philippines is one of the most active sovereign borrowers in the international debt market, and the country has about $70 billion in international cash reserves.

Efforts by Aquino’s administration to improve governance and tackle corruption have been rewarded. Standard & Poor’s now gives the country a credit rating just below investment grade, which has piqued investors further in anticipation of a possible incoming global interest in the market once the country gets upgraded again.

 

 

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Reading Time: 2 minutes

Philippine president Benigno Aquino’s efforts have been rewarded by the international financial community

The Philippines has announced the opening up of five more bids under the government’s public-private partnership policy for the remainder of this year, making a total of eight projects available.

Reading Time: 2 minutes

Philippine president Benigno Aquino’s efforts have been rewarded by the international financial community

The Philippines has announced the opening up of five more bids under the government’s public-private partnership policy for the remainder of this year, making a total of eight projects available.

The first three projects have already started with a selection process for a $239-million school infrastructure project, a $1.4-billion LRT line in Cavite and a $377.5-million expressway, reported the Business Mirror, a local business paper.

The National Economic and Development Authority (NEDA) Board, which is chaired by the country’s President Benigno Aquino and responsible for major infrastructure projects, is currently reviewing three of the remaining five projects to come out this year.

Up for review are a $128.3-million orthopedic center project, a $11.3-million vaccine self-sufficiency project and a $466.8-million expressway between Cavite and Laguna.

NEDA’s Investment Coordination Committee is also conducting feasibility research for a $38.1-million hydroelectric power plant.

The government of the Philippines is now planning promotional meetings in Australia to attract investors and showcase opportunities such as the new PPPs.

The Philippines is one of the most active sovereign borrowers in the international debt market, and the country has about $70 billion in international cash reserves.

Efforts by Aquino’s administration to improve governance and tackle corruption have been rewarded. Standard & Poor’s now gives the country a credit rating just below investment grade, which has piqued investors further in anticipation of a possible incoming global interest in the market once the country gets upgraded again.

 

 

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