Republic of the Philippines

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PPP in the News

CCLEX boosts Cebu economy – study

CCLEX boosts Cebu economy – study

The opening of the 8.9-kilometer Cebu-Cordova Link Expressway (CCLEX) has boosted Cebu’s post-pandemic tourism and economy, according to a study. A study by the University of San Carlos’ Center for Social Research and Education stated that apart from improving travel to top tourist spots in the province, the expressway, now the country’s longest and tallest... continue reading

Revised BOT law IRR to take effect in Oct.

Revised BOT law IRR to take effect in Oct.

The National Economic and Development Authority (NEDA) expects the amended implementing rules and regulations (IRR) of the build-operate-transfer (BOT) law to take effect next month. Socioeconomic Planning Secretary Arsenio M. Balisacan said the Cabinet-level BOT IRR Committee, chaired by the NEDA, targets the publication of the revised IRR by Sept. 26, and for the measure... continue reading

Clark airport passenger traffic grows triple digits in 8 months

Clark airport passenger traffic grows triple digits in 8 months

MANILA, Philippines — Clark International Airport booked a triple-digit jump in passenger traffic on the recovering demand for air travel worldwide. The Luzon International Premier Airport Development (LIPAD), the operator of the alternative gateway to the Philippines, said it recorded 434,214 passengers from January to August this year. About 363,878 of the guests went on... continue reading

Changes to problematic BOT rules OK’d

Changes to problematic BOT rules OK’d

A Cabinet-level committee on Thursday approved revisions to the implementing rules and regulations (IRR) of the amended Build-Operate-Transfer (BOT) law, paving the way for big-ticket infrastructure projects that could be pursued in partnership with the private sector. According to the National Economic and Development Authority (Neda), the Marcos administration is keen on teaming up with... continue reading

PPP to Drive Economic Transformation: Revised BOT rules approved

PPP to Drive Economic Transformation: Revised BOT rules approved

The government’s cabinet-level review committee has approved yesterday the proposed revision to the 2022 Implementing Rules and Regulations (IRR) of the amended Build-Operate-Transfer (BOT) Law, according to the country’s socioeconomic planning chief. “We see public private partnerships (PPPs) in infrastructure and development initiatives as pivotal to the rapid transformation of the Philippine economy,” Arsenio Balisacan,... continue reading

NEDA chief says amendments to 2022 IRR of BOT law will improve govt resource management

NEDA chief says amendments to 2022 IRR of BOT law will improve govt resource management

Socio-economic Planning Secretary Arsenio M. Balisacan lauded the approval of the amendments to the 2022 Implementing Rules and Regulations (IRR) of the Build-Operate-Transfer (BOT), noting that it will “better direct resources in other critical areas of development.” In a statement on Friday, the Public-Private Partnership (PPP) Center said the amendments to the 2022 IRR of... continue reading

PH GOV’T COMMITTED TO TRANSPARENCY IN PPP — NEDA

PH GOV’T COMMITTED TO TRANSPARENCY IN PPP — NEDA

MANILA – The government remains committed to transparency and participatory processes through active stakeholder engagement for public-private partnerships (PPP). This is to ensure the right balance between public and private interests in PPP policies and projects that will contribute to post-pandemic economic transformation, the National Economic and Development Authority (NEDA) said. In his opening remarks... continue reading

NEDA proposes changes to arbitration and MAGA clauses in revised rules for BOT Law

NEDA proposes changes to arbitration and MAGA clauses in revised rules for BOT Law

THE NATIONAL Economic and Development Authority (NEDA) proposed new revisions to the implementing rules and regulations (IRR) of the Build-Operate-Transfer (BOT) Law, which reflect the government’s willingness to share the risk in public-private partnership (PPP) projects. The draft rules, which were uploaded on the NEDA website, showed changes to the provisions on arbitration and material... continue reading

Stronger PPPs to boost PH digitalization drive

Stronger PPPs to boost PH digitalization drive

THE government and the private sector should work closely together to “unlock and exploit” the true value of connectivity, infrastructure and technology in the Philippines as tech-driven developments are key to the country’s economic recovery and growth, an expert said. Speaking at the “Promoting Broad-Based Prosperity Through Digital Infrastructure” forum on Wednesday organized by Stratbase... continue reading

Iloilo governor: Proposed Panay expressway to bring more progress

Iloilo governor: Proposed Panay expressway to bring more progress

ILOILO CITY – The proposed expressway on Panay Island will bring more progress to Iloilo and neighboring provinces, according to Gov. Arthur Defensor Jr. “This can be the new centerpiece of the direction in the development of Iloilo province,” Defensor said. The Department of Public Works and Highways-Public Private Partnership Service (DPWH-PPP Service) recently presented... continue reading