The Project Development and Monitoring Facility is a revolving pool of funds from the Philippine Government and the Government of Australia under a Capacity Building Technical Assistance project from the Asian Development Bank (ADB) and the Canadian Government to enhance the investment environment for Public-Private Partnership (PPP) and to develop a robust pipeline of viable and well-prepared PPP infrastructure projects.
The PDMF, which will be made available to Government Implementing agencies, will fund pre-investment activities, including preparation of project prefeasibility studies, feasibility studies and financial models, development of PPP options, project structuring, providing transaction advisory services during the¬† bidding process and preparation of contract documents.¬† Infrastructure projects are those in the list of priority projects of the Government and will include, among others, airports, highways, water supply, mass urban transport, education, health and agricultural facilities, etc. It will also help to develop and strengthen the capacity of IAs ¬†to identify, formulate and implement bankable PPP projects.
Nine¬†local and international firms¬†have been pre-qualified under ADB procurement guidelines to conduct these pre-investment studies. ¬†The initial total funding available under the PDMF is P550 million.