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PPP Center chief sees more projects

PPP Center chief sees more projects

The new Public Private Partnership (PPP) chief is optimistic that the PPP projects will increase during the Marcos administration. Ma. Cynthia Hernandez, PPP Center executive director, took her ceremonial oath of office before Socioeconomic Planning Secretary Arsenio Balisacan last Friday. Backed with a fresh mandate from the President to pursue PPPs as a mechanism for... continue reading

MVP Group eyes P94 billion PPP for Cebu connector road

MVP Group eyes P94 billion PPP for Cebu connector road

CEBU, Philippines — The operator of the Cebu-Cordova Link Expressway (CCLEX) has urged the government to fast-track its decision on whether the P94-billion highway connecting the north and south parts of Cebu would be offered to the private sector. Manuel V. Pangilinan-led CCLEX Corp. said if offered, it would bid for the public-private partnership (PPP)... continue reading

Amendments to 2022 revised IRR of BOT law hailed by Neda, DOF

Amendments to 2022 revised IRR of BOT law hailed by Neda, DOF

SOCIO-economic Planning Secretary Arsenio M. Balisacan said the approval of the amendments to the 2022 Implementing Rules and Regulations (IRR) of the Build-Operate-Transfer (BOT) is crucial to recovery, as it will “better direct resources in other critical areas of development.” The Public-Private Partnership (PPP) Center said the amendments to the 2022 IRR of the BOT... continue reading

Metro Pacific eyes P1-B Cebu toll bridge expansion

Metro Pacific eyes P1-B Cebu toll bridge expansion

Tycoon Manuel Pangilinan-led Metro Pacific Tollways Corp. (MPTC) is looking to extend the 8.9-kilometer Cebu-Cordova Link Expressway (CCLEx) to Guadalupe City via a P1-billion ramp project, in a bid to increase usage of the toll bridge. Allan Alfon, president and general manager of MPTC subsidiary CCLEx Corp. (CCLEC), told the reporters last week that the... continue reading

CCLEX sees P2 million daily toll revenue

CCLEX sees P2 million daily toll revenue

CEBU, Philippines —The Cebu-Cordova Link Expressway (CCLEX) is projected to raise as much as P2 million from toll collection daily once mobility in the province rebounds as a result of a property race and tourism recovery. CCLEX, the architectural pride of Manuel V. Pangilinan’s Metro Pacific Group, has yet to reach its full capacity in... continue reading

PPP Center Has A New Chief

PPP Center Has A New Chief

The Public-Private Partnership (PPP) Center of the Philippines has a new chief. Ma. Cynthia C. Hernandez, whose appointment was signed by President Ferdinand Marcos Jr. in August, took her oath as the new Executive Director of the PPP Center. Socioeconomic Planning Secretary Arsenio M. Balisacan administered her oath on Friday, September 16. “Since there is... continue reading

CCLEX boosts Cebu economy – study

CCLEX boosts Cebu economy – study

The opening of the 8.9-kilometer Cebu-Cordova Link Expressway (CCLEX) has boosted Cebu’s post-pandemic tourism and economy, according to a study. A study by the University of San Carlos’ Center for Social Research and Education stated that apart from improving travel to top tourist spots in the province, the expressway, now the country’s longest and tallest... continue reading

Revised BOT law IRR to take effect in Oct.

Revised BOT law IRR to take effect in Oct.

The National Economic and Development Authority (NEDA) expects the amended implementing rules and regulations (IRR) of the build-operate-transfer (BOT) law to take effect next month. Socioeconomic Planning Secretary Arsenio M. Balisacan said the Cabinet-level BOT IRR Committee, chaired by the NEDA, targets the publication of the revised IRR by Sept. 26, and for the measure... continue reading

Clark airport passenger traffic grows triple digits in 8 months

Clark airport passenger traffic grows triple digits in 8 months

MANILA, Philippines — Clark International Airport booked a triple-digit jump in passenger traffic on the recovering demand for air travel worldwide. The Luzon International Premier Airport Development (LIPAD), the operator of the alternative gateway to the Philippines, said it recorded 434,214 passengers from January to August this year. About 363,878 of the guests went on... continue reading

Changes to problematic BOT rules OK’d

Changes to problematic BOT rules OK’d

A Cabinet-level committee on Thursday approved revisions to the implementing rules and regulations (IRR) of the amended Build-Operate-Transfer (BOT) law, paving the way for big-ticket infrastructure projects that could be pursued in partnership with the private sector. According to the National Economic and Development Authority (Neda), the Marcos administration is keen on teaming up with... continue reading