Source: ABS-CBN News, 25 November 2011
MANILA, Philippines – Funding for the pre-investment studies of 3 Public Private Partnership (PPP) projects, involving water supply, hydro-electric power and post-havest facilities, has been approved by the Project Development and Monitoring Facility (PDMF) Board.
The PDMF is a P550 million revolving facility to conduct project preparation and pre-investment studies supported by the Philippine government and the government of Australia, through the Asian Development Bank.
In a statement, PPP Center Executive Director Cosette V. Canilao said the Metropolitan Waterworks and Sewerage System (MWSS) presented two of the projects.
The first is the P25 billion New Water Supply Source Project for the construction of a dam, water treatment plant, and associated main pipeline. This is expected to deliver water to an estimated 15 million Metro Manila residents who rely on the Angat reservoir.
The second PPP project is for the operation-and-maintenance of Angat hydro-electric power plant auxiliary turbines No. 4/5 and the Macua mini-hydro power plant. It also involves private sector participation in the rehabilitation of the existing turbines owned by the MWSS.
The Department of Agriculture endorsed the third PPP project, a P1.5 billion project for the establishment of cold chain systems in strategic areas in the Philippines. It is aimed at maintaining the quality of perishable goods from farm to market, through value-added processes and systems.
At the same time, another potential PPP project was approved for the PPP Center’s technical assistance. The MWSS’ P20 billion Balara Water Hub Project envisions an international center for water excellence.
The projects are part of the pipeline of PPP projects currently being structured and prepared by the PPP Center in partnership with other government agencies.