Two more public-private partnership (PPP) projects were given a go signal today by the cabinet-level National Economic Development Authority (NEDA)-Investment Coordinating Committee (ICC).
The NEDA-ICC approved the PhP10.528 billion Batangas-Manila Natural Gas Pipeline (BatMan 1) Project of the Philippine National Oil Company (PNOC) and PhP6.403 billion C-5 Modern Bus Transit System (C-5 MBTS) Project of the Department of Transportation and Communications (DOTC).
Both projects will be elevated to President Benigno Aquino’s confirmation and final approval in the next NEDA Board meeting.
BatMan 1 will transport and supply natural gas to targeted markets located in the high-growth areas of Batangas, Laguna, Cavite and Metro Manila. The private partner will construct the proposed 121-kilometer transmission pipelines from Batangas to Metro Manila, install compressor stations, metering stations, valves as well as control stations and SCADA systems.
The C-5 MBTS involves the implementation of a new bus scheme that will offer modern bus with high quality service. It will improve the connectivity among the cities of Paranaque, Taguig, Makati, Quezon City and Valenzuela, through the proposed modern bus-based public transport system.
The private partner will finance, construct and develop a Bus Rapid Transit (BRT) system along the C-5 corridor, while running an interim bus service that will later transition into a BRT.
To date the government has awarded 10 PPP projects: Cavite-Laguna Expressway (CALAX), Southwest Terminal of the Integrated Transport System, LRT Line 1 Cavite Extension, Mactan-Cebu International Airport (MCIA) Passenger Terminal Building, Automatic Fare Collection System, Modernization of the Philippine Orthopedic Center (MPOC), PPP for School Infrastructure Project (PSIP) Phase I and II, NAIA Expressway Phase II Project, and Daang Hari-SLEX Link Road.