President Benigno S. Aquino III’s “Social Contract with the Filipino People” acknowledges the role of the private sector as an important partner in attaining the Philippines’ development objectives of inclusive growth and poverty reduction. Recognizing the critical role of the private sector as the main engine for national development, the Aquino administration identified the implementation of the Public-Private Partnership (PPP) Program as a cornerstone strategy of the government to accelerate the country’s infrastructure development and sustained economic growth.
Its vision is to accelerate the country’s infrastructure development agenda that will contribute to the country’s goals of attaining inclusive growth for all Filipinos. Guided by the principles of transparency, accountability, and good governance, the Program will engage the private sector as vital partners who can bankroll critical infrastructure projects that will deliver much needed services for its growing populace.
Under the hallmark of good governance, the Philippine government guarantees that the private sector will be able to do business in an environment that nurtures fair and transparent transactions. Government ensures that the interests of both the private sector and its citizens are balanced, where policies and procedures are continually enhanced.
Under the PPP Agenda, national implementing agencies and local government units are continually enabled to undertake PPP projects through the provision of technical and capacity building support in all aspects of the PPP project development and implementation cycle.
The robust pipeline of PPP projects is a product of the government’s continuing efforts to deliver viable and well-structured proposals that will attract investors to bring their business to the Philippines.
The Philippine Government sees the PPP Program as a reliable and solid strategy to efficiently deliver public services, and create more job opportunities, through a dynamic and solid infrastructure program.