The Public-Private Partnership Center of the Philippines has earned another international recognition as The Asset’s Agency of the Year through its first Triple A Asia Infrastructure Awards 2015. According to The Asset website “the awards honor the institutions and the deals in Asia that made a difference”.

The Asset recognized PPP Center for advancing the implementation of the Philippines’ PPP program and projects. It was also hailed for facilitating the approval and rolling out of several implementing agencies’ (IAs) PPP projects in 2014 and for awarding PPP contracts to the private sector.

Last year, the Philippine Government has rolled out 12 PPP projects amounting to USD 6.36 billion. It has also awarded three PPP contracts for the following projects: LRT Line 1 Cavite Extension & Operation and Maintenance, Automatic Fare Collection System and Mactan-Cebu International Airport Passenger Terminal Building. The Tanauan City Public Market Redevelopment Project was also approved by the Investment Coordination Committee – Cabinet Committee (ICC-CC), which is the first local government unit’s (LGU) PPP project under the current PPP Program.

This is the third international award received by the PPP Center. In 2014, it was the Gold Award winner for the Best Central Government PPP Promoter during the annual Partnerships Awards of the UK-Based Partnerships Bulletin held in London, England. Last March, the Center bagged its second international award as IJ Global “Asia-Pacific Grantor of the Year” in Singapore.