The government, through the Public-Private Partnership (PPP) Center and University of the Philippines, forged an agreement with the Isla Lipana & Co. (Philippines) (“PwC”) for Project Preparation and Transaction Advisory Services of the Philippine General Hospital (PGH) in Diliman PPP Project.
The Notice to Proceed was issued to PwC on March 16, 2020, the same date for the Contract for Consultant’s Services (CCS) effectivity and commencement of services.
The scope of work is divided into three major phases: (1) Project Feasibility Study and Structuring; (2) Preparation of Bid Documents and Management of the PPP Bidding Process; and (3) Assistance and Advisory until Financial Close. The engagement of the consultant was made possible through the Project Development and Monitoring Facility (PDMF), a revolving fund managed by the PPP Center.
The PGH in Diliman PPP Project involves the construction and operation of a PGH within the UP Diliman campus in Quezon City. It will be designed according to “Triple A” standards equipped with advanced medical facilities at par with top hospitals nationwide. The project will include a multi-storey tertiary care hospital, medical research center, ancillary facilities, and commercial areas. It will also serve as a formal clinical research unit with dedicated facilities for educational endeavors and medical research.