The Asian Development Bank (ADB) is providing an additional US$3 million technical assistance (TA) grant to the Philippine government through the Public-Private Partnership (PPP) Center. The grant, financed by the Urban Climate Change Resilience Trust Fund (UCCRTF), will support the PPP Center’s capacity building program and the development and procurement of local climate-resilient PPP projects through its Project Development and Monitoring Facility (PDMF).
This development will further enhance PPPs at the local level, as the PPP Center will help strengthen the capacities of local government units (LGUs) and other local implementing agencies (IAs) such as water districts, state universities and colleges (SUCs), among others, to include climate change mitigation and adaptation components in their portfolio of PPP projects. The PDMF is a revolving fund managed by the PPP Center. It will enable LGUs and local IAs to access a panel of PPP experts with proficiency in climate change resiliency which will provide assistance in developing and implementing their PPP projects, from the feasibility study stage to approval, procurement and implementation stages.
“The PPP Center welcomes the additional support from the ADB and the UCCRTF as these additional resources will help our LGUs and other local IAs such as water districts, SUCs, among others, efficiently develop and implement vital PPP projects that will have a significant and positive impact in their communities. We also appreciate our partnership with the ADB, which has continuously supported the PPP Center in its initiatives to strengthen the Philippine PPP Program,” PPP Center Deputy Executive Director Mia Sebastian said.
Since 2011, the ADB has been supporting the Government of the Philippines on their reform program to strengthen PPPs through capacity building, policy reform and expanding private participation in infrastructure via well-prepared and bankable PPP projects. With this additional funding from the ADB and the UCCRTF, the PPP Center encourages LGUs and other local IAs with climate change resilient projects to avail of the project preparation facility under the PDMF.