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Megawide-led consortium, banks sign P23.3-B loan

Megawide-led consortium, banks sign P23.3-B loan

FUNDING FOR MACTAN-CEBU AIRPORT PROJECT A megawide-led consortium has raised P23.3 billion from a 15-year syndicated loan facility to fund the redevelopment of the Mactan-Cebu International Airport, the country’s second busiest gateway, under a public-private partnership (PPP) framework. In a disclosure to the Philippine Stock Exchange on Friday, Megawide Construction Corp. said that GMR Megawide... continue reading

Manila’s $56 mln transport terminal project attracts two bidders

Manila’s $56 mln transport terminal project attracts two bidders

Dec 22 (Reuters) – Just two of 12 prospective applicants have bid to build and operate a 2.5 billion pesos ($56 million) transport terminal in Manila, one of the Philippine government’s private-public partnership (PPP) projects aimed at speeding economic growth. Filinvest Land Inc and Megawide Construction Corp subsidiary MWN Terminals filed necessary documents for the... continue reading

2014 a banner year for air transport

2014 a banner year for air transport

Manila Standard Today, 18 December 2014 By Alena Mae S. Flores   The Transportation Department said 2014 was a banner year for the air transport sector. Energy Secretary Joseph Emilio Abaya said “2014 has been decorated with noteworthy achievements in our aviation sector.” “From getting the nods of the US FAA [Federal Aviation Administration] and... continue reading

BatMan 1 gas pipeline route, cost known by early 2015

BatMan 1 gas pipeline route, cost known by early 2015

Business World, 17 December 2014 By Claire-Ann M.C. Feliciano   THE FEASIBILITY study for the proposed Batangas-Manila (BatMan 1) natural gas pipeline may be completed early next year, with a preliminary draft due for presentation this month giving an indication of the route and preliminary cost estimates, an official from the Energy department said. Undersecretary... continue reading

ASEAN promotes public-private partnership

ASEAN promotes public-private partnership

Vietnam Plus, 18 December 2014   The ASEAN Public-Private Partnership (PPP) Networking Forum was held in Manila , the Philippines on December 16-17 to discuss PPP as an innovative financing mechanism to realise the Master Plan on ASEAN Connectivity (MPAC), according to the ASEAN Secretariat’s press release. The forum brought together senior officials and experts... continue reading

Asean Moves Forward With Public-Private Partnership

Asean Moves Forward With Public-Private Partnership

Bernama, 18 December 2014   BANGKOK, Dec 18 (Bernama) — The Asean Connectivity Coordinating Committee (ACCC) convened the Asean Public-Private Partnership (PPP) Networking Forum from Dec 16-17 in Manila. The forum was to discuss the PPP as an innovative financing mechanism to realise the Master Plan on Asean Connectivity (MPAC), according to a statement released... continue reading

Nearly P700B worth of PPP projects up for ICC review this week

Nearly P700B worth of PPP projects up for ICC review this week

Manila Bulletin, 17 December 2014   Nearly P700 billion worth of public-private partnership (PPP) projects will be presented to Investment Coordination Committee (ICC) this week as part of the next wave of big-ticket PPP programs that will be bid out to the private sector next year. Tomorrow, the ICC, which is a cluster of government... continue reading

Two big rail projects for rollout in 2015, says PPP Center

Two big rail projects for rollout in 2015, says PPP Center

Philippine Daily Inquirer, 16 December 2014 By Ben O. de Vera   MANILA, Philippines—Next year will see two “big” rail projects rolled out under the Aquino administration’s centerpiece public-private partnership initiative alongside the improvement of existing transportation systems. PPP Center Executive Director Cosette V. Canilao told reporters Tuesday that the P176.7-billion North-South Commuter Railway and... continue reading

8 more PPP projects worth at least P633.2B up for approval – PPP Center

8 more PPP projects worth at least P633.2B up for approval – PPP Center

GMA News, 16 December 2014 By Danessa O. Rivera   At least eight projects worth over half a trillion pesos under the public-private partnership (PPP) program are up for inter-agency before the end of the year and for final green-lighting by President Benigno Aquino III. “We are hoping to bring at least eight PPP projects,”... continue reading

NEDA prepares P625-B PPP projects

NEDA prepares P625-B PPP projects

The Philippine Star, 17 December 2014 By Lawrence Agcaoili   MANILA, Philippines – The National Economic and Development Authority – Investment Coordination Committee (NEDA-ICC) is set to discuss on Friday eight public private partnership (PPP) projects worth P625 billion including the rebidding of the Cavite – Laguna expressway (Calax) and the Swiss challenge for the... continue reading