The Project Development and Monitoring Facility (PDMF) Committee approved the funding for the conduct of feasibility studies and transaction advisory services for the San Ramon Newport Project on January 18, 2017. The seaport public-private partnership (PPP) project is proposed by the Zamboanga City Special Economic Zone and Freeport (ZamboEcozone) Authority.
The PDMF is a revolving fund available to government agencies for pre-investment activities of PPP projects. It is administered by the PPP Center.
The San Ramon Newport Project entails the construction of a seaport within the economic zone to support Zamboanga City’s potential to be a center of maritime activity in the region, and a trans-shipment hub for the Brunei-Darussalam-Indonesia-Malaysia-Philippines East ASEAN Growth Area (BIMP-EAGA). It is proposed to be implemented through PPP, with the concessionaire undertaking the financing, development, and O&M of the project in exchange for the right to recover its cost through charging fees from the use of port facilities or services.
Aside from the San Ramon project, the PDMF Committee also approved funding for transaction advisory services for the unbundled Regional Airport projects and the New Nayong Pilipino at Entertainment City Project.