Source: Philippine Star, 28 March 2012
MANILA, Philippines (Xinhua) – President Benigno Aquino said today that he has ordered the National Economic and Development Authority (Neda) to speed up the processing of project proposals for the Public-Private Partnership (PPP) program to accelerate its implementation.
Speaking at Euromoney’s Philippine Investment Forum at the Peninsula Manila in Makati City, the president assured businessmen that his administration is committed to fostering a business environment “that is both stable and predictable.”
“We want an accelerated program for the PPP program itself,” Aquino said.
“I have instructed the Economic Cluster and the NEDA specificallythere has to be more speed in terms of giving a thumbs up or a thumbs down to all the various projects that are under consideration,” he added
Last year, the government only bid out one PPP project, much less than the originally planned 10 projects.
