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 a renewed interest in public-private partnerships, and given that the Philippine government has expedited the amendments to the 2022 version of the Implementing Rules and Regulations of the Build-Operate-Transfer (BOT) Law, we are hopeful that the PPP Center will be instrumental in spurring economic growth in the country,” Hernandez said in a statement.
“With President Ferdinand “Bongbong” Marcos’ support, we are optimistic that we will be able to increase the number of quality PPP projects in the country,” she added.
Hernandez has 22 years of experience in corporate finance, valuation, business advisory, and strategy and corporate planning in both the private and public sectors.
Prior to her appointment in PPP Center, Hernandez was the Principal in Deal Advisory Principal Resources, as well as tge Sector Head for Infrastructure, Energy and Natural Resources at KMPG/R.G Manabat & Co.
She also worked at Aboitiz Power Corp., and Manila Electric Company (MERALCO).
She also served in other government-owned and controlled corporations such as Power Sector Assets and Liabilities Management Corp. and the PNOC-Petrochemical Development Corp.
Hernandez graduated from the University of the Philippines with a Bachelor of Science in Metallurgical Engineering. She also finished a master’s degree in Development Economics at the same university.
Hernandez is the center’s fifth Executive Director after the Executive Order No. 8 renamed the Build-Operate and Transfer (BOT) Center to the Public-Private Partnership Center of the Philippines.
Former chiefs of the center are Philamer C. Torio, Cosette V. Canilao, Andre C. Palacios, and Ferdinand A. Pecson.
The PPP Center is the government institution that facilitates the implementation of the country’s Public-Private Partnership Program. It also serves as a central coordinating and monitoring agency for all PPP projects in the country.
By Ronalyn Mawili