Business World – Top Story, 21 December 2012

THE GOVERNMENT offered another public-private partnership (PPP) project to investors on Friday, calling on firms to bid for a new Cebu airport terminal and completing its rollout target for the year.

“We have reached our target of eight PPP projects for rollout this year,” said Cosette V. Canilao, PPP Center executive director.

The P17.5-billion project includes the construction of a new passenger terminal, renovation of the existing building, installation of required equipment and the operation and maintenance of the entire airport.

Rolled out earlier this year were:

• the P16.42-billion School Infrastructure Program Phase 1 (PSIP-1);

• P15.86-billion Ninoy Aquino International Airport Expressway 2;

• P60-billion Light Rail Transit-1 Cavite extension;

• P5.6-billion Orthopedic Center rehabilitation;

• the P1.16-billion rehabilitation of Angat power plant’s two turbines;

• an P1.7-billion automatic fare collection system for Metro Manila’s light railways; and

• the P13.14-billion PSIP-2.

The PSIP-1 was awarded last September, joining the Daang Hari-South Luzon Expressway link as the only PPP projects so far turned over to the private sector.

Ms. Canilao said the government was looking to roll out 16 projects next year, which could include the restoration of some heritage sites — the Philippine Post Office and Manila Metropolitan Theater, among them — and housing for informal settlers.