12 January 2015
The Tanauan City Public Market Redevelopment Project becomes the first LGU PPP project approved by the Investment Coordination Committee ‚Äď Cabinet Committee (ICC-CC) under the current PPP Program.
Initiated by the City Government through capacity building support by the PPP Center, the project will involve a commercial mall building as well as separate wet and dry public market facilities. It is intended to provide a more viable and consumer-friendly public center for commerce especially since the existing market has served as a major fruit and vegetable trading center in the region. With an estimated project cost of PhP400 Million, the project will be a twenty-five (25) year concession including one (1) year construction period.
The redeveloped public market will generate employment for the local communities in the city and nearby municipalities as well as improve storage and market facilities for local business. It is also expected to reduce traffic in this part of Batangas by significantly improving the turnaround time for transporting goods and wares to and from the public market.
The Tanauan City government plans to commence PPP bidding of the project within the month and expects to award the same to the best private partner in March 2015.
‚ÄúThis is the first LGU-PPP project approved by the ICC and we look forward to more local PPP initiatives facilitated by the Center‚Äôs PPP capacity building strategy for local governments‚ÄĚ, says PPP Center Executive Director Cosette V. Canilao.
The current pipeline of projects of the PPP Program has several LGU initiated projects. In 2013, the PPP Center also launched an LGU PPP strategy following its capacity building program that included the development and dissemination of an LGU PPP Manual.
Under the BOT Law and its IRR, LGUs can implement PPPs for local infrastructure and development projects. Based on cost, some locally initiated projects can be approved at the local development council levels and need not go up to the ICC. In the previous administrations, several LGUs awarded contracts to private partners for local development projects using the BOT and its variants.
09 January 2015
Consistent with its mandate to establish a central database of PPP projects and provision of technical assistance to PPP implementing agencies, the Public-Private Partnership Center will further institutionalize transparency in the pursuit of PPP Projects through a PPP knowledge management portal (KMP) and a Virtual Data Room (VDR).
‚ÄúWe are in the process of putting up a PPP knowledge management (KM) portal that will improve the information exchange between the government, private sector and the general public with respect to our PPP projects,‚ÄĚ said PPP Center Executive Director Cosette V. Canilao.
The KMP is backed up by a state-of-the-art IT infrastructure that will feature nine IT systems that will facilitate gathering, documentation, storage, and exchange of project-based information on PPP projects with all PPP stakeholders.
One of the KMP‚Äôs IT Systems is the VDR, a highly secure, on-line facility for storing, accessing and distributing relevant tender documents of PPP projects undergoing live procurement. This online platform will help bidders undertake necessary due diligence or review of a PPP project by making available, electronic versions of tender documents, feasibility studies, photos, maps and other related project documents, in a secure and controlled environment.
‚ÄúThe use of the VDR is part of our continued efforts at improving transparency in dealing with our bidders as it has embedded in its system, an IT audit trail that will ensure the transparency of each transaction,‚ÄĚ Canilao clarified.
In the recent meeting of the PPP Governing Board, the utilization of said VDR was acknowledged as one of the PPP ‚Äúbest practice‚ÄĚ approaches and methodologies that the Philippine PPP Program has institutionalized. These will all be embodied in a Policy Circular on PPP Best Practices that the Governing Board also approved.
08 January 2015
World Bank‚Äôs Singapore Infrastructure Hub has identified various airport, rail, port and road Public-Private Partnership (PPP) projects in the Philippines as essential infrastructures to realize the Master Plan for ASEAN Connectivity (MPAC).
The projects include the operation, maintenance and redevelopment of the Puerto Princesa, Iloilo, Davao, Bacolod , New Bohol, Laguindingan and Ninoy Aquino International Airport; upgrading of the San Fernando Airport, Davao Sasa Port modernization; North-South Commuter Railway (South line); operation and maintenance of the LRT Line 2; NLEX East Expressway; Central Luzon Link Expressway-Phase II; improvement and operation and maintenance of Kennon Road and Marcos Highway; and Plaridel Bypass Toll Road.
These connectivity projects will directly link the Philippines with its ASEAN neighbors and to the rest of the world. Transportation cost in all segments is expected to be reduced paving way for the exchange of more goods and services. At the same time the new infrastructures would facilitate faster and better travel that could potentially boost local tourism.
During the first ASEAN PPP Networking Forum hosted by the Philippine Government in Manila last December 2014, the Philippine PPP Program was at the centerpiece among ASEAN member countries. It was regarded as one of the most mature PPP Program in the region that has established several policy and process improvements and developed a robust pipeline of projects.
ASEAN countries that are just starting their PPP programs, like Cambodia, Myanmar, Laos and Vietnam, have also expressed their intent for future engagements with the PPP Center of the Philippines to learn more about the country‚Äôs experience.
To date, eight PPP projects was awarded and signed by the government amounting to Php127 Billion and built a pipeline of over 50 projects. At least 12 projects are currently under the procurement stage and nine more are expected to be rolled-out within the year.
The Philippines has been ranked highest in terms of PPP readiness in the ASEAN Region given its advanced legal and administrative structure based on the Infrascope 2011 Study of the Economist Intelligence Unit commissioned by the Asian Development Bank.
22 December 2014
Two companies officially submitted their bid proposals for the Php 2.5 Billion pesos Integrated Transport System ‚Äď Southwest Terminal of the Department of Transportation and Communications. Filinvest Land, Inc. and MWM Terminals, a consortium between Megawide Construction Corporation and WM Property Management, Inc. submitted their Qualification, Technical and Financial Documents for evaluation by the Project Bids and Awards Committee of the DOTC.
Among the companies who bought the bidding documents were D.M. Wenceslao and Associates, Inc., Ayala Land, Inc., Metro Pacific Tollways Corporation, San Miguel Corporation, Vicente T. Lao Construction, Egis Projects, Robinsons Land Corporation, Ayala Corporation, State Properties Corporation, Expedition Construction Corporation, MGS Construction, Altus San Nicolas Corporation, Megaworld Corporation and Tutuban Properties.
According to the DOTC‚Äôs project timeline, the ITS ‚Äď Southwest will receive notification on the result of the evaluation this January 2015 for the opening of the technical bid.
The ITS ‚Äď Southwest Terminal will be constructed in a 4.59 hectares of land. It will connect passengers coming from the Cavite side to other transport systems such as the future LRT Line 1 South Extension, city buses, taxis and other public utility vehicles that are serving inner Metro Manila. It will be implemented through a Build-Transfer-Operate arrangement. Under the BTO scheme, the private concessionaire using performance standards and specifications stated in the PPP concession agreement for a period of 35 years.
The ITS ‚Äď Southwest is the first transport terminal project to be undertaken by the DOTC under a public-private partnership arrangement.
12 December 2014
The Philippine Government is set to host the first ASEAN Public-Private Partnership (PPP) Networking Forum which will gather members of the ASEAN Connectivity Coordinating Committee (ACCC), national coordinators, PPP focal points and officials responsible for infrastructure projects from the ten ASEAN Member States (AMS).
The Forum will provide ASEAN member countries the opportunity to exchange information and share experiences about their PPP programs, establish a network of PPP units among ASEAN member countries and¬† pitch their PPP projects to prospective investors,¬† financing institutions, and development partners.
It will also tackle the proposed ASEAN Guidelines/Principles on PPP that will harmonize policy, institutional, and regulatory frameworks of the AMS and enhance the economic integration competitiveness of the region.
Ambassador Elizabeth P. Buensuceso of the Philippine Permanent Mission to ASEAN shared that, ‚ÄúAmong the ASEAN member countries, the Philippines is said to be the one with the most¬†advanced PPP legal and administrative structure.‚ÄĚ
The Philippines has been ranked highest in terms of PPP readiness in the ASEAN Region in the Infrascope 2011 Study of the Economist Intelligence Unit commissioned by the Asian Development Bank.
¬†¬†‚ÄúThere is room for improvement and we, together with our colleagues in ASEAN, would like to learn the best practices and guidelines of PPP in this workshop, as well as share our ¬†experience with our ASEAN neighbors,‚ÄĚ added Ambassador Buensuceso.¬†
The Forum will be held from December 16-17 at the Sofitel Philippine Plaza Hotel in Manila and is being organized by the Philippine Permanent Mission to ASEAN, with support from the ACCC, the Office of ASEAN Affairs of the Philippines‚ÄôDepartment of Foreign Affairs (DFA), and the PPP Center of the Philippines. The Forum is supported by the Economic Research Institute for ASEAN and East Asia (ERIA) and ASEAN Regional Integration Support from the EU (EU ARISE).
03 December 2014
Twenty-four (24) companies who have bought Pre-Qualification (PQ) documents have signaled its intent to participate in the public auction of the LLED. During the PQ Conference for the LLED project, prospective bidders, were invited to seek clarification regarding their concerns about the project. The LLED‚Äôs transaction advisors as well as the members of the DPWH‚Äôs Project Bids and Awards Committee fielded queries from the prospective bidders to clarify and explain the technical, financial and legal points of the project.
The PQ conference is part of the PPP bidding process that helps ensure that all parties have the same information and are on the same playing field.
Prospective bidders for the 122.8-billion peso LLED project include:
The LLED, the first of its kind in the Philippines, is both a high standard highway and a dike that will mitigate problems on traffic and flooding, particularly along the western coastal communities of the Laguna Lake. The 47-kilometer flood control dike and 6-lane expressway will run from Taguig in Metro Manila through the towns of Calamba to Los Banos in Laguna.
At the same Conference, Public Works and Highways Secretary Rogelio Singson formally announced that the Cavite-Laguna Expressway (CALAX) project is again up for bid. According to Singson, this time around, the CALAX will undergo a shorter one stage process where both technical and financial bids will be open. Minimum bid was set at 20.1 Billion pesos. Bid submission for the CALAX is slated for May 2015. Currently, the DPWH is waiting for the final and executory decision from the Office of the President on the President‚Äôs directive to rebid CALAX. This will signal the start of the rebid process.
02 December 2014
The government continuous to encourage international investors to participate in the Public-Private Partnership (PPP) projects of the country. The PPP investment roadshow of the Philippines in Australia gathered several investors, operators, contractors, developers, lenders and fund managers.
The Philippine government, through the Public-Private Partnership Center, Philippine Consulate General, Sydney and Embassy of the Philippines in Canberra with support from the Australian Government through Austrade, successfully conducted two investment fora in Melbourne and Sydney to encourage Australian business groups to invest in the country‚Äôs PPP projects.
PPP Investment Forum in Melbourne
The first leg of the government‚Äôs Australia investment roadshow was conducted in Melbourne where an estimated 40 participants from public and private sectors attended the PPP forum.
Honorary Consul General Felix Pintado of the Philippine Consulate General in Victoria opened the forum that was held at Hilton on the Park, Melbourne last November 25 stressing the importance of Australia and Philippines bilateral relations.
PPP Center Executive Director Cosette V. Canilao encouraged the participants to invest in the Philippines‚Äô PPP projects especially that there are eight (8) projects that will be rolled out soon. These projects that will be procured include six airports, one prison facility and a port modernization.
After the investment forum, government representatives: Executive Director Canilao and Deputy Executive Director Sherry Ann Austria of the PPP Center, Honorary Consul General Pintado, and Commercial Consul to Australia and New Zealand Emman Ang had the chance to network with Australian companies present.
Sydney PPP forum
The last stop of the Australia roadshow was the PPP forum in Sofitel Sydney Wentworth last November 27. More than 45 participants attended the event and showed interest in the country‚Äôs PPP program.
Companies like Macquarie, Export Finance and Insurance Corporation, DLA Piper, Ashurst Australia, and Siemens and Australian government representatives from the Department of Foreign Affairs and Trade and NSW Trade and Investment graced the forum.
Deputy Executive Director Atty. Sherry Ann Austria presented the initiatives for a sustainable PPP program. She highly emphasized to institutionalize these initiatives to sustain the gains of the Program.
A question and answer session was also conducted that provided a venue for the participants to inquire more about the country‚Äôs PPP program and the projects in the pipeline.
After the forum, Executive Director Canilao and Deputy Executive Director Austria also met with PPP players in Australia such as Capella Capital, Allens Linklaters, and Leighton to discuss PPP investment opportunities in the Philippines.
After successful investment roadshows in Europe, Singapore, Japan,and North America that attracted interests from foreign investors, the Australia event is the last international roadshow of the Public-Private Partnership Center for 2014.
02 December 2014
The Career Executive Service Board celebrated the 41st institutional anniversary of the Career Executive Service (CES) last 12-14 November 2014 at the Water Front Cebu City Hotel and Casino. The event, entitled ‚ÄúCES Leadership in the Social Era: From Nation-Building to Global Governance‚ÄĚ, was extremely attended by CES officers and eligible.
PPP Center‚Äôs Deputy Executive Director, Atty. Sherry Ann Austria, was invited as the key speaker in one of the multi-track CES Competency Development sessions with a theme ‚ÄúPublic-Private Alignment, Convergence and Partnerships: The Way Forward‚ÄĚ.
She shared the journey of the PPP Program and the challenges faced by the PPP Center as a leadership tool in demonstrating the lessons, experiences and innovations as a leader to promote and instill a culture of excellence, quality, performance effectiveness and accountability to achieve national development and global competitiveness.
‚ÄúOur story shapes our culture, values and strategies within the organization,‚ÄĚ she said.
In recollecting the challenges that PPP Center had to face during its early years, Atty. Austria stressed the importance of maintaining a positive attitude to keep its people inspired and hopeful.
‚ÄúThe PPP Center went through hardships in achieving its goals but the word ‚Äėsurrender‚Äô has never been an option. From top to bottom, the people inside the PPP Center know the importance of what they are doing,‚ÄĚ she added.
‚ÄúWith the accomplishments that the PPP Program has achieved so far, we are now impelled to act in ensuring its sustainability through the BOT Law amendment‚ÄĚ, Deputy Executive Director Austria concluded.
27 November 2014
Four companies officially expressed their interest to be qualified to bid for the 4 Billion peso Integrated Transport System- South Terminal of the Department of Transportation and Communications.¬† Ayala Land Inc., Datem Inc., Filinvest and MVM Terminals which is a consortium between Megawide Construction Corporation and WM Property Management, Inc. submitted their pre-qualification documents for evaluation by the Project Bids and Awards Committee of the Department of Transportation and Communications (DOTC).
According to the DOTC‚Äôs project timeline for the ITS-South, bidders will receive notifications on the result of the evaluation of their PQ documents by December 22, 2014. The PBAC (Pre-Qualification Bids and Awards Committee) targets to issue the Instruction to Bidders, including the draft Concession agreement and the draft schedules of the Concession Agreement by December 29, 2014.
The Pre-Bid Conference is slated for January 2015.
The ITS South Terminal will be located within a 4.7-hectare space near the Food Terminal complex in Taguig.¬† It will be implemented through a Build-Transfer-Operate (BTO) arrangement. Under a BTO scheme, the private concessionaire will build the ITS South terminal and transfer this to the DOTC. The operation and maintenance of the terminal will be undertaken by the winning private concessionaire using performance standards and specifications stated in the PPP concession agreement for a period of 35 years.
The ITS-South is the second transport terminal project to be undertaken by the DOTC under a public-private partnership arrangement. The first transport terminal ‚Äď the Integrated Transport System ‚ÄďSouthwest is awaiting the bid submissions of prospective bidders due on December 1, 2014.
21 November 2014
The Philippines will be hosting the first ASEAN Public-Private Partnership (PPP) Networking Forum in Manila this December 2014.
The forum will bring together members of the ASEAN Connectivity Coordinating Committee (ACCC), national coordinators, PPP focal points and officials responsible for infrastructure projects from the ten ASEAN Member States (AMS).
Organized by the Permanent Mission of the Philippines to ASEAN led by Her Excellency Elizabeth P. Buensuceso, with support from ACCC, Department of Foreign Affairs (DFA) ASEAN Economic Community (AEC) Division and the PPP Center of the Philippines. The forum, sponsored by Economic Research Institute for ASEAN and East Asia (ERIA) and ASEAN Regional Integration Support from the EU (EU ARISE), will be held at the Sofitel Philippine Plaza Hotel from December 16-17.
The forum aims to be a venue for sharing experiences on PPP of every member countries. It will tackle challenges, opportunities, and innovative PPP practices as well as insights from the private sector.
It will also facilitate dialogue about a proposal for an ASEAN Guidelines/Principles on PPP that expects to harmonize policy, institutional, and regulatory frameworks of AMS with the view to further enhance the economic integration and global competitiveness of the region.
This also aims to establish a network of PPP units or similar institutions that will be a venue for regular interaction of member countries.
Representatives from the private sector, financing institutions, and development partners will also be in attendance which is an opportunity for ASEAN countries to pitch in their pipeline of projects and development support requirements.
Earlier this month, President Benigno Aquino III made the announcement of the country‚Äôs hosting of the said forum to fellow ASEAN leaders and top business officials during the ASEAN Business Advisory Council (ABAC) dialogue, which was part of the recently-concluded 25th ASEAN Summit in Nay Pyi Taw, Myanmar.
‚ÄúThe forum will take stock of the outcomes of recent PPP initiatives in ASEAN and will serve as an avenue for exploring the future direction of PPP efforts in the ASEAN region,‚ÄĚ President Aquino said during his intervention at the ABAC dialogue.
‚ÄúIn this way, with both the public and private sectors working together, we will sooner realize our vision of an inclusive, interconnected, and progressive region, one that serves as a wellspring of opportunity for all our peoples,‚ÄĚ he added.
20 November 2014
Five firms have been pre-qualified by the Metropolitan Waterworks and Sewerage System (MWSS) to bid for its 24.4 Billion Bulacan Bulk Water Supply (BBWS) project. MWSS announced that Team Polaris – Manila Water, First Philippine Holdings Corp. and Abeima Consortium, Filinvest Agua Consortium, SMC – K water Consortium and Prime Alloy Water Consortium have hurdled the legal, technical and financial requirements under the first stage of the bidding process. The pre-qualified consortia will now be invited by the MWSS to submit their formal bids for the MWSS water project.
According to the MWSS Pre-qualifications, Bids, Awards Committee, the bid documents will be issued to the pre-qualified bidders at a later date. Bidders will be given sufficient time to prepare their technical and financial proposals.
First Philippine Holdings Corp. and Abeima Consortium is composed of First Philippines Holdings Corp. and Spain‚Äôs‚Äô Abeinsa Infraestructuras Medio Ambiente, S.A.
The Consortium of SMC-K Water has San Miguel Holdings Corp. and Korea Water Resources Corporations as partners.
The Filinvest Agua Consortium is a team up between Filinvest Development Corporation and another Spanish group, Tecnicas De Desalinizacion De Aguas, S.A. (Spain) while Prime Alloy Water Consortium is a partnership between Prime Water Infrastructure Corp.; Malaysian-based MTD Capital BHD; UK‚Äôs Biwater International Ltd.
Originally, the project attracted 15 prospective bidders Manila Water (Philippines, Marubeni (Japan) Filinvest (Philippines), First Balfour (Philippines), Abengoa (Spain), Megawide (Philippines), San Miguel (Philippines), Maynilad Water Services, Inc.(Philippines), New San Jose Builders, Inc. (Philippines), Sojitz Corp.(Japan), Korea Water Resources Corp.(Korea), Prime Water Infrastructure Corp (Philippines), Datem Water, Inc. (Philippines), Acciona Agua (Spain)n and Aboitiz Equity Ventures (Philippines).
The water supply project will be undertaken as a public-private partnership arrangement applying a Build-Operate-and Transfer (BOT) structure defined under Republic Act 7718 or the BOT Law. It will undergo competitive public bidding.
The winning bidder will undertake the financing, detailed design, construction, including the maintenance of the conveyance facility, treatment facilities as well as the water source under a 32-year concession period which includes the construction of the facility.
When built, the Bulacan Bulk Water Supply project, will supply water districts treated raw water, which will serve 24 municipalities in Bulacan.
18 November 2014
Local government units play critical role in delivering infrastructure and development projects through public-private partnerships (PPP) in their jurisdictions, stressed PPP Center chief during the one-day orientation workshop held in Iloilo City today.
‚ÄúIloilo has a lot of potential for growth being considered as the educational hub of Western Visayas. Aside from education, tourism, and business process outsourcing, other sectors may be developed. And PPPs can be utilized to build the needed infrastructure to further spur growth in the province,‚ÄĚ said PPP Center Executive Director Cosette V. Canilao.
The PPP Center oriented Iloilo local chief executives on PPP concepts, processes and legal frameworks to help them jumpstart PPP projects in the province in the event organized by the Office of Provincial Governor Arthur D. Defensor Sr. and the Department of Trade and Industry (DTI) Regional Office. Local chief executives present include Mayor Matt Palabrica of Bingawan, Mayor Filomeno Ganzon of Balasan, Mayor Ramona Go of San Enrique and Mayor John Tarrosa of Zarraga.
Also in attendance were local planning and development coordinators, economic and investment promotion officers, and representatives from key provincial offices including the Hospital Management Office (HMO) and National Economic and Development Authority (NEDA) Regional Office, and the Iloilo Business Club.
‚ÄúThe PPP Center‚Äôs capacity building interventions will continue to be a major service that it will provide to both national line agencies and local governments. We remain committed to develop and make available new approaches and methodologies to impart PPP competencies among government personnel,‚ÄĚ Canilao added.
PPP Center Director Eleazar E. Ricote, Capacity Building and Knowledge Management Service, provided the general overview of the Philippine PPP Program and the Center‚Äôs various services highlighting its LGU PPP Strategy. While Atty. Evelyn C. Jiz, LGU PPP Specialist under ADB Technical Assistance 7796-PHI, explained the PPP policy and legal framework in the country.
In 2013, the PPP Center has launched its LGU PPP Strategy that involved internship programs for LGU technical staff and partnership with state universities and colleges (SUC) and higher education institutions (HEI) in the provision of PPP training. Over the long term, an LGU facility similar to the PDMF will be established to provide LGUs external project preparation and transaction advisory assistance.
13 November 2014
The Singapore‚Äôs government agency, International Enterprise (IE), that spearheads the overseas growth of Singapore-based companies and promote international trade hailed the Philippines as Asia‚Äôs next bright spot. International Enterprise (IE) stressed that the strong 7% GDP growth of the Philippines over the past two years has increased the world’s confidence in the country.
It has also acknowledged the positive contribution of Public-Private Partnerships in the Philippine economy.
‚ÄúWith an annual US$20 billion overseas remittances spurring consumer demand and US$17 billion worth of Public-Private Partnership (PPP) projects in the pipeline, the Philippines is Asia’s best growth story today‚ÄĚ, IE added.
To encourage Singaporean companies to invest in the Philippines, International Enterprise produced ‚ÄúThe Philippines: Asia’s Bright Spot iAdvisory Seminar‚ÄĚ last November 12. In the seminar, Philippine government officials presented the infrastructure and consumer opportunities in the country.
Public-Private Partnership Center Executive Director Cosette V. Canilao discussed the PPP program and implementation updates during the ‚ÄúOpportunities in the Philippines‚Äô PPP Sector‚Äô session.
Canilao also presented the different PPP investment opportunities in the pipeline which include the newly approved projects by the National Economic and Development Authority Board last October 17. These are the Operations, Maintenance and Development Project of the Iloilo, Bacolod, Davao, and Puerto Princesa airports; Regional Prison Facilities through Public-Private Partnership Project and Davao Sasa Port Modernization Project.
Other projects for roll-out that were approved previously are Operations, Maintenance and Development of New Bohol (Panglao) and Laguindingan airport projects. The mentioned eight (8) projects have an indicative cost of Php 183.17 billion pesos or US $4.07 billion dollars.
After the iAdvisory Seminar in Singapore, the PPP Center will conduct a PPP Investment Forum in Melbourne and Sydney, Australia. Australian-based investors, operators, contractors, developers, lenders and fund managers are expected to attend the Australia investment roadshow.
11 November 2014
Nine (9) bidders have bought pre-qualification documents for the Operation and Maintenance of LRT Line 2 project. The first companies that secured PQ documents are LRMC (Ayala-MPIC), San Miguel Corporation, GT Capital Holdings, Inc., Marubeni Corporation, D.M. Consunji, Inc., and RATP Developpment SA.
Three (3) more firms have bought the PQ documents: APT Global, Inc., Globalvia, and Aboitiz Equity Ventures, Inc.
The LRT Line 2 Operation and Maintenance PPP Project will infuse private sector efficiencies into the operations of the LRT Line 2 to provide better service levels to the riding public.
The private partner will undertake the operation and maintenance of the existing LRT Line 2, the 4.14 kilometer East Extension, and any other future extensions implemented by the Government during the project‚Äôs term.
The Department of Transportation and Communications recently moved the deadline for the submission of qualification documents from November 20 to December 15, 2014 through a general bid bulletin last November 7. DOTC moved the deadline to give prospective bidders ample time to prepare their qualification documents.
LRT Line 2 O&M project is one of the six PPP projects that are currently under procurement. Other projects are the Integrated Transport System ‚Äď South and Southwest terminal, Bulacan Bulk Water Supply Project, Laguna Lakeshore Expressway Dike project and New Centennial Water Source ‚Äď Kaliwa Dam Projects. These PPP projects have an indicative cost of Php 172.42 billion pesos or 3.83 billion dollars.
07 November 2014
Following the success of the recent investment roadshows in North America, Europe, Japan and Singapore, the Philippine Government is now set to promote to Australian investors various opportunities under the country‚Äôs Public-Private Partnership (PPP) Program this November.
To drum up investor interest, the PPP Center will hold the Philippine PPP Investment Forum in Melbourne and Sydney Australia this November 25 and 27 respectively. This event is organized in collaboration with the Philippine Embassy in Canberra and the Philippine Trade and Investment Center in Sydney, and with support from the Australian Trade Commission and the Asian Development Bank TA 7796-PHI.
The PPP Investment Forum will feature the robust pipeline of over 50 projects with estimated value of over USD20 billion under the PPP Program highlighting those that will be rolled-out in the coming months which include roads, railways, airports, water and healthcare projects.
Australian-based investors, operators, contractors, developers, lenders and fund managers are expected to attend the said activity.
PPP Center Executive Director Cosette V. Canilao and Deputy Executive Director Sherry Ann N. Austria will lead the Australian roadshow, and will be joined by officials from the Philippine Embassy in Canberra and the Philippine Consulate General in Sydney.
The Australia Investment Roadshow is part of the government‚Äôs efforts to encourage more foreign players to invest in the country‚Äôs PPPs especially that there is now a steady deal flow of investment opportunities and the country‚Äôs credit ratings are at an all-time high, as evidenced by major international rating agencies‚Äô successive upgrades.