The projects under the PPP Program were selected based on the following criteria:
1. Project Readiness/Preparation
a. Completed Initial Business Case;
b. Included in the priority projects of the Implementing Agencies;
c. Initial preparation on-going, i.e., FS stage, hiring of consultants for Feasibility Study updating and transaction preparation
2. Responsiveness to the sectorâ€™s needs (e.g., part of the transport network system, water supply/sewerage, electric power capacity, etc); and
3. High Implementability (bankable, no major issues).
The Government is committed to facilitating the approval and implementation process for PPP projects. In accordance with this, solicited proposals will be processed within six (6) months. Qualified PPP proposals must complete all necessary documents to facilitate the approval process.
While the BOT Law allows for the government to process unsolicited proposals, solicited proposals will be actively promoted.
To provide a long-term fund structure to sustain and further promote PPP in the country, the government together with various Multilateral Organizations (MOs) are working on establishing the Philippine Infrastructure Development Fund (PIDF).