WITH the imminent enactment of the proposed Public Private Partnership (PPP) Code and major trends and developments happening, the Philippine Infrastructure Summit 2023 held greater significance as public and private sector leaders tackled how these reshape the Philippine infrastructure landscape.
The Management Association of the Philippines (MAP), the PPP Center of the Philippines and the PwC Philippines co-organized the Summit held on Nov. 22, 2023, in Pasay City.
In his opening remarks, PwC Philippines Chairman and Senior Partner Roderick Danao cited the crucial role of infrastructure development in significantly improving the lives of Filipinos. For her part, lawyer Benedicta Du-Baladad, MAP president, emphasized the importance of transforming the infrastructure landscape of the Philippines for the better.
Sen. JV Ejercito, deputy majority floor leader and the PPP bill’s principal sponsor and author in the Senate, presented the comprehensive master plan for infrastructure development, shedding light on how infrastructure drives foreign direct investments and economic growth.
In navigating the complexities of PPPs, PPP Act co-author and House Committee on Ways and Means Chairman Rep. Joey Salceda said, “With a focus on innovative financing models and a maximum rate of return as a bidding parameter, the PPP Code signals a progressive leap toward a future of impactful infrastructure development. I urge all stakeholders, especially the private sector, to embrace this vision and contribute to shaping a dynamic PPP ecosystem.”
