Posts Tagged ‘PPP’

Phl to host forum on Asean PPP guidelines

The Philippine Star, 24 November 2014
By Lawrence Agcaoili
 
MANILA, Philippines – The Association of Southeast Asian Nations (Asean) is looking at harmonizing the guidelines or principles on Public-Private Partnership (PPP) to further enhance the economic integration and global competitiveness of the region.

The PPP Center of the Philippines said the proposed Asean Guidelines/Principles for PPP would be discussed during the first Asean PPP Networking Forum to be hosted by the Philippines next month.

The proposed guidelines would harmonize policy, institutional, and regulatory frameworks of Asean member countries with the view to further enhance the economic integration and global competitiveness of the region.

The guidelines would also establish a network of PPP units or similar institutions that will be a venue for regular interaction of Asean member economies.

The PPP Center said the networking forum scheduled on Dec. 16 and 17 would also provide a venue for sharing experiences on PPP and challenges, opportunities, and innovative PPP practices as well as insights from the private sector.

The forum would bring together members of the Asean Connectivity Coordinating Committee (ACCC), national coordinators, PPP focal points and officials responsible for infrastructure projects from the 10 Asean member states.

The forum is being organized by the Permanent Mission of the Philippines to Asean led by Her Excellency Elizabeth Buensuceso, with support from ACCC, Department of Foreign Affairs (DFA) Asean Economic Community (AEC) Division and the PPP Center of the Philippines. The Economic Research Institute for Asean and East Asia (ERIA) and Asean Regional Integration Support from the EU (EU ARISE) are sponsoring the event.

Representatives from the private sector, financing institutions, and development partners are expected to attend the forum that would serve as an opportunity for Asean countries to pitch in their pipeline of projects and development support requirements.

Earlier this month, President Aquino announced at the Asean Business Advisory Council (ABAC) dialogue during the recently-concluded 25th Asean Summit in Nay Pyi Taw, Myanmar that the Philippines would host the networking forum.

Prior to the forum, the Philippines is set to conduct a roadshow for close to 50 projects worth $20 billion in Melbourne on Nov. 25 and Sydney on Nov. 27. The roadshow in Australia is the last for the year after successful investment roadshows in North America, Europe, Japan and Singapore.

The government has so far rolled out the biggest PPP project with the P123 billion Laguna Lakeshore expressway dike project; the P24.4-billion Bulacan bulk water supply project; the P18.7-billion New Centennial Water Source; the P4-billion Integrated Transport System (ITS) – South terminal; the P2.5-billion ITS-Southwest terminal; and the operation and maintenance of LRT-2.

The roll out of PPP projects in the Philippines is in full swing after the award of eight PPP projects worth close to P133 billion.

These include the Daang Hari – South Luzon expressway link road (P2 billion), PPP for School Infrastructure Project phase 1 (P8.86 billion), the PSIP-2 (P16.28 billion), the modernization project for the Philippine Orthopedic Center (P5.98 billion), the Ninoy Aquino International Airport expressway (P15.52 billion), the automated fare collection system project (P1.72 billion), the Mactan – Cebu international airport expansion project (P17.5 billion), and the Light Rail Transit line 1 Cavite extension project (P65 billion).
 

Manila hosts Asean PPP networking forum next month

Business Mirror, 21 November 2014
By Jae Denise Adolfo
 
THE first Asean Public-Private Partnership (PPP) Networking Forum that aims to further enhance the economic
integration and global competitiveness of the region will be hosted by the Philippines next month.

President Aquino announced this during the Asean Business Advisory Council dialogue that was part of the 25th Asean Summit in Nay Pyi Taw, Myanmar, earlier this month.

“The 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,” he said.

Mr. Aquino added: “In this way, with both the public and private sectors working together, we will soon realize our vision of an inclusive, interconnected and progressive region, one that serves as a wellspring of opportunity for all our people.”

The two-day forum will tackle the challenges, opportunities, and innovative PPP practices, as well as insights from the private sector and the sharing of experiences from the 10 Asean member-states (AMS).

The forum will also discuss the Asean guidelines or principles on PPP that encompass policy and organizational framework for private participation; project selection, development and implementation; affordability and budget transparency; and transnational infrastructure connectivity which expects to harmonize policy, institutional and regulatory frameworks of AMS.

The event also aims to establish a network of PPP units or similar institutions that will be a venue for regular interaction of member-countries.

It will also bring together members of the Asean Connectivity Coordinating Committee, national coordinators, PPP focal points and officials responsible for infrastructure projects from AMS.

The forum will be held at the Sofitel Philippine Plaza Hotel on December 16 and 17.
 

Govt may enforce IPP until ’17

Manila Standard Today, 23 November 2014
By Othel V. Campos
 
The Board of Investments plans to extend the effectivity of the 2014 Investments Priorities Plan until 2017, or a year after the term of the Aquino administration.

Trade Undersecretary and BoI managing head Adrian Cristobal Jr. said the plan was to reposition the implementation timeline of the 2014 IPP a year later, or from 2015 to 2017, instead of 2014 to 2016. IPP contains the list of sectors that are eligible to tax incentives from the government.

“We’re finding out ways if we can apply the new IPP for the next three years. It is a three-year document. It will be more practical given the amount of work we did to craft the plan,” Cristobal said during a public consultations Friday at the Philippine Trade and Training Center in Pasay City.

The IPP was originally drafted annually by virtue of Executive Order 226. President Benigno Aquino approved the new 2014 plan on Oct. 17, with a three-year operational period, subject to annual review.

The Trade Department held public consultations to solicit comments and inputs from stakeholders in the drafting of the implementing rules and regulations.

The 2014 IPP stripped broad categories, such as strategic investments, green projects and disaster mitigation projects, from the list of priority investments with tax incentives.

“If you noticed, even the categories under infrastructure were limited to ports, transport, water and PPP [public-private partnership] projects. And income tax holidays were limited to projects that were not granted government guarantee,” said Trade assistant secretary for policy and planning Corazon Dichosa.

Another new policy under the 2014 IPP is that companies could not claim incentives for backward integration projects that were still connected to core business.

“Power and energy projects certainly will not fit into this policy. It’s evident that their expansion will be another power plant which is just a spin-off of its core business which is power generation. But for projects in manufacturing like hotdog making and hogs farming, these are two different projects that may earn additional incentives if registered,” said Dichosa.

The BoI aims to complete the crafting of the IRR in December, so it could publish and implement the 2014 IPP by January 2015.

Manufacturing, agribusiness and fishery, services, economic and low-cost housing, hospitals, energy, public infrastructure and logistics, and PPP projects comprise the list of preferred activities that will qualify under the new IPP.

IPP aims to clearly target investment opportunities and needs to fill gaps in the supply or value chain, boost sectors with latent or obvious competitive advantage, and offset market imperfections.

The 2014 IPP has innovative features such as the principle of geographical application based on relevance and impact of an economic activity in a particular region, province, or a cluster of local government units.

The IPP will also establish new mechanisms of coordination and convergence among relevant government agencies to ensure the effective and efficient execution, as well as providing venues for enhanced partnership and cooperation with the private sector.
 

BOI lays new rules for 2014 IPP

Manila Bulletin, 23 November 2014
 
The Board of Investments (BOI) has revised the rules in implementing the 2014 Investments Priorities Program (IPP) in a move to create a more productive and competitive business environment.

IPP is the government’s list of preferred economic activities that are eligible for fiscal and non-fiscal incentives.

Under the 2014 IPP, the listed activities are now valid for three years, instead of creating new IPP every year, to promote consistency of policies for investors. However, the new IPP is still subject to annual review as mandated by law.

The 2014 IPP is more detailed than the previous IPPs as it now indicated specific projects under a sector that will be given incentives. Aside from specifying which investments will be subjected to perks, the new IPP also gives geographical consideration of projects in order to promote economic activities, particularly in areas which are less developed.

The preferred activities in IPP which will support the Philippine Development Plan (PDP) 2011-2016 include manufacturing; agribusiness and fisheries; services; economic and low-cost housing (both horizontal and vertical); hospitals; energy; public infrastructure and logistics; and public-private partnership (PPP) projects.

The board’s new guidelines provide that the basis of net income qualified for income tax holidays (ITH) will be limited to 110 percent of the firm’s projected revenue as presented to BOI.

However, if the company falls short or exceeds the projected revenues for the project, BOI may adjust the project’s ITH availment proportionately.

The new IPP guidelines also provides that “ITH shall only be applicable to revenues on sales generated/services rendered to other enterprises subject to the condition that 70 percent of the revenues are generated from non-related entities.”

The new IPP also encourages enterprises to adopt Inclusive Business (IB) strategy that eyes to provide income and decent jobs for the low-income segment of the society.

Department of Trade and Industry Executive Director for Industrial Policy Development Corazon H. Dichosa said the BOI will publish the 2014 IPP before the year ends and start the implementation early in 2015. (PNA)
 

PH to host forum on ASEAN PPP guidelines

ABS-CBN News, 24 November 2014
 
MANILA, Philippines – The Association of Southeast Asian Nations (ASEAN) is looking at harmonizing the guidelines of the public private partnership (PPP) program for infrastructure projects to further enhance the economic integration and global competitiveness of the region.

The PPP Center said the Philippines is hosting the first ASEAN PPP Networking Forum on December 16 and 17, which would serve as an opportunity for ASEAN countries to pitch their pipeline of projects and development support requirements.

ASEAN members will also discuss guidelines on establishing a network of PPP units or similar institutions that will be a venue for regular interaction.

President Benigno Aquino III announced the country’s hosting of the said forum during the ASEAN Business Advisory Council (ABAC) dialogue in Nay Pyi Taw, Myanmar.

“The 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… In 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,” Aquino said.

First ASEAN PPP Networking Forum set in Manila

PRESS RELEASE
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’s 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.

“The 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,” President Aquino said during his intervention at the ABAC dialogue.

“In 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,” he added.
 

ASEAN PPP Networking Forum

PHOTO RELEASE
20 November 2014

ASEAN PPP Networking Forum, Manila Philippines, 16-17 December 2014

PH to host ASEAN Public-Private Partnership Networking Forum in December

InterAksyon, 16 November 2014
By Philippine News Agency
 
MANILA – The Philippines will host the ASEAN Public-Private Partnership (PPP) Networking Forum in Manila in December 2014.

President Benigno Aquino III made the announcement 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.

“The 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,” President Aquino said during his intervention at the ABAC dialogue.

“In 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,” he added.

He said he believes that PPPs are key to operationalizing the Master Plan on ASEAN Connectivity, which aims to address impediments to the free movement of goods and services from small and medium enterprises (SMEs), and from all other businesses and industries.

In his intervention, the Chief Executive also underscored the need to support measures to mainstream SMEs in the regional trade integration.

He cited a report from the Asian Development Bank that 96 percent of all businesses in the region are from SMEs, and that “these contribute up to 53 percent of the region’s gross domestic product (GDP)”.

In the Philippines alone, he said, SMEs make up 99.6% of the country’s commercial enterprise.

“These figures illuminate a clear path towards our goals. Indeed, the key to the success of our economic integration is a vibrant and competitive SME sector that is able to make the most of regional integration,” he said.

He shared that the Philippines has continued to support measures to mainstream SMEs in regional trade integration through more responsive trade facilitation programs.

He said supporting SMEs complement the government’s existing initiatives to make it easier to do business in the Philippines.

Among the measures being taken by the government include establishing hubs that will facilitate SMEs’ access to services, and putting up the SME Roving Academy, a learning program that helps SMEs become more competitive in domestic and international markets.

“Through these measures, many of our countrymen are empowered to live dignified and productive lives,” he said.
 

9 firms vie for LRT2 O&M

Malaya Business Insight, 12 November 2014

 

At least nine firms have expressed interest   for the P1.33 billion Light Rail Transit (LRT) line 2 operation and maintenance project, the Public-Private Partnership Center said.
Ayala-Pangilinan led Light Rail Manila Consortium, San Miguel Corp., GT Capital Holdings Inc., Marubeni Corp., D.M. Consuji Inc. and RATP Development were the first six companies that bought pre-qualification documents.
The three-year operation and maintenance contract   also attracted APT Global Inc., Global Avia and Aboitiz Equity Ventures.
The project involves the operation and maintenance of the existing 11-station line, the 4.14 kilometer extension to Masinag, Antipolo and other future expansions the government may undertake.
No bids were presented during the October submission, prompting the Department of Transportation and Communications (DOTC) to declare a failed bidding.
The pre-qualification deadline for the new bidding, originally set for November 20, was moved by the DOTC to December 15 to give interested bidders ample time to prepare the needed documents.
The LRT-2 project is set to be awarded June of next year to the firm with the lowest operation and maintenance fee. The government will still hold ownership of the transit and the fare box as the winning firm will not undertake capital spending.
Daily average passenger traffic was at 215,117 persons for the first half of the year and brought in P549 million in gross revenue collection.

 

Bidders for LRT 2 O&M contract given more time

Manila Bulletin, 12 November 2014

by Kris Bayos

 

The government has given interested bidders one more month to qualify for the bidding of the operation and maintenance contract for the Light Rail Transit (LRT) 2.

The Department of Transportation and Communications (DoTC) has deferred the bidders’ submission of qualification documents for the LRT 2 operation and maintenance project to December 15 instead of the original schedule on November 7.

Undersecretary for Legal Affairs and Chairman of the DoTC Bids and Awards Committee Atty. Jose Perpetuo Lotilla said the postponement was meant to “give prospective bidders ample time to prepare their qualification documents.”

The DoTC identified six bidders that have bought pre-qualification documents to join the auction: LRT 1 winning concessionaire Light Rail Manila Consortium, San Miguel Corp., Marubeni Corp., GT Capital Holdings Inc., D.M. Consunji Inc., and RATP Development.

The winning concessionaire will operate and maintain the existing LRT 2 line for a period of 10 to 15 years and integrate the system after the construction of the 4-kilometer LRT 2 extension to Masinag in Antipolo.

The winning concessionaire will collect the LRT 2 fare box revenue and remit it to government; maintain and procure all necessary capital spares; reinstate four heavily cannibalized trains; maintain and update the asset register of the LRT 2 system; and perform the additional services such as project management for renewals and stimulus contracts.

Under the original timetable, the DoTC said it targets to announce the qualified bidders by December 20. Submission of bids is set between May and June 2015 while the issuance of the notice of award is scheduled between June and July. The government hopes to sign the concession agreement with the winning contractor between August and September.

Aside from the operation and maintenance of LRT 2, the DoTC is also bidding out the construction contract for the four-kilometer extension of the LRT 2 from Santolan in Pasig City to Masinag in Antipolo City.

At least  P2.396 billion was allotted for the construction of 3.934 kilometers of elevated guideway or viaduct that will extend the LRT 2 eastward from Santolan Station along Marcos Highway in Pasig City up to the intersection of Marcos and Sumulong Highway.

The LRT 2 connects Recto Avenue in Manila to Santolan in Pasig City. The “newest” of the three elevated rail lines in Metro Manila, the LRT 2 is designed to carry 470,000 passengers daily but only ferries an average of 200,000 since it started commercial operation in 2003. (Kris Bayos)

Meanwhile, The existing maintenance service provider of the Metro Rail Transit (MRT) 3 system is eyeing to operate and maintain the Light Rail Transit (LRT) 2 line next.

APT Global Inc. is among the nine companies that bought prequalification documents for the LRT 2 operation and maintenance contract, according to the Public-Private Partnership (PPP) Center.

APT Global Inc., in joint venture with Global Epcom, is the existing maintenance provider of the MRT 3. The maintenance contractor came under fire after the MRT 3’s worst accident that happened last August 13 when a de-energized train overshot the tracks at Taft Avenue in Pasay and hurt passengers on board.

Apart from APT Global, Inc., firms that bought prequalification documents include Globalvia, and Aboitiz Equity Ventures, Inc.

Earlier, six entities have secured the prequalification documents. Interested bidders include Light Rail Manila Consortium of Ayala Corp. and Metro Pacific Investment Corp., San Miguel Corp., GT Capital Holdings, Inc., Marubeni Corp., D.M. Consunji, Inc., and RATP Developpment SA.