Republic of the Philippines

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NEDA board confirms ICC approval of 7 new projects worth P187.34B

NEDA board confirms ICC approval of 7 new projects worth P187.34B

MANILA – The National Economic and Development Authority on Friday said its board confirmed the Investment Coordination Committee’s approval of 7 new projects worth P187.34 billion on Nov. 29. The newly approved list of projects includes the Davao Public Transport Modernization Project, Unsolicited Proposal for the New Bohol Panglao International Airport, and the Unsolicited Build-Operate-Transfer... continue reading

Duterte okays NAIA rehab project

Duterte okays NAIA rehab project

President Rodrigo R. Duterte has given the green light to the unsolicited proposal from a consortium of big private businesses to modernize the aging Ninoy Aquino International Airport (NAIA), the Department of Finance (DOF) announced yesterday. Finance Secretary Carlos G. Dominguez III said the ₱102-billion NAIA rehabilitation project was approved during the National Economic and... continue reading

NAIA Consortium proposal gets go signal from NEDA Board

NAIA Consortium proposal gets go signal from NEDA Board

The proposal of top Philippine conglomerates to rehabilitate the Ninoy Aquino International Airport gets the green light from the powerful NEDA Board MANILA, Philippines – After several revisions, the proposal of the country’s top conglomerates to rehabilitate the Ninoy Aquino International Airport (NAIA) was finally approved by the National Economic and Development Authority (NEDA) Board... continue reading

TIEZA bids out PPP contracts to develop Intramuros golf course, Balicasag dive resort

TIEZA bids out PPP contracts to develop Intramuros golf course, Balicasag dive resort

MANILA, Philippines — The Tourism Infrastructure and Enterprise Authority (TIEZA), assisted by the Public-Private Partnership (PPP) Center, is bidding out contracts for the development of two tourism projects. The PPP Center said TIEZA is now inviting private partners for the development and management of the Club Intramuros Golf Course as well as the Balicasag Island... continue reading

​Gov’t seen approving more PPP projects

​Gov’t seen approving more PPP projects

The government is not worried about relying on tycoons’ deep pockets to finance almost a third of the project cost of the Duterte administration’s updated “Build, Build, Build” pipeline given more stringent rules on private sector participation. “I think we will be able to approve many of them very soon. The policy is now very... continue reading

SMC eyes opening of Skyway 3 by April 2020

SMC eyes opening of Skyway 3 by April 2020

San Miguel Corp. said the Skyway Stage 3 project, which stretches from Buendia in Makati City to the North Luzon Expressway in Balintawak, Quezon City, is set to open by April next year. “Today, travel time between Baliktawak up to Buendia in Makati takes several hours. With the Skyway Stage 3, that will only take... continue reading

TIEZA eyes PPP for Balicasag Island Dive Resort

TIEZA eyes PPP for Balicasag Island Dive Resort

THE Tourism Infrastructure and Enterprise Zone Authority (Tieza) is looking for a private partner to develop and manage the Balicasag Island Dive Resort (BIDR) joint venture (JV) project in Panglao, Bohol. The public-private partnership project (PPP) seeks to boost sustainable tourism on Balicasag Island, a marine reserve and tourist zone in Bohol. The BIDR is... continue reading

LRMC launches app for LRT-1

LRMC launches app for LRT-1

LIGHT RAIL Manila Corp. (LRMC) launched its free ikotMNL mobile app which gives commuters travel route information for the LRT-1 train line, LRMC said in a statement on Tuesday. The app, which is available for both iOS and Android, allows users to plan trips ahead of time. It features real-time train arrivals, departures, fare information,... continue reading

More PPPs in revised ‘Build, Build, Build’ list

More PPPs in revised ‘Build, Build, Build’ list

Metro Manila (CNN Philippines, November 6) — The revised “Build, Build, Build” project pipeline would carry more public-private partnership (PPP) deals, a presidential adviser said Wednesday. Presidential Adviser for Flagship Programs and Projects Vince Dizon said the revised list — which now features 100 projects versus the older with 75 items — has been approved... continue reading

NLEX connector road construction inspected

NLEX connector road construction inspected

CALOOCAN CITY — Public Works Secretary Mark Villar inspected on Tuesday, November 5, the North Luzon Expressway (NLEX) Connector construction site. According to Villar, the NLEX Connector will significantly cut travel time from NLEX to South Luzon Expressway (SLEX) by at least 60 percent once completed in 2021. “Instead of the usual 2 hours, travel... continue reading