27 November 2012
The Public-Private Partnership (PPP) Center of the Philippines, in cooperation with the Philippine Trade and Investment Centre (PTIC)-Singapore, conducted an international roadshow in Singapore to promote the recently rolled-out Modernization of the Philippine Orthopedic Center (MPOC) project of the Department of Health (DOH).
Aimed at generating more players for the MPOC project, the Philippine delegation led by PPP Center Executive Director Cosette Canilao exchanged dialogues with potential private partners.
“This is the first PPP project in Health, and we are keen on engaging the private sector to participate and share their expertise in this field. The government is committed to ensure that the process and terms of the PPP project would be viable and bankable…,” Ms. Canilao said. “At the end of the day, our goal is to provide affordable and quality health care services to the general public while ensuring reasonable returns to the private sector,” she added. The private sector in turn, expressed their interest in taking part in the said project.
The new Philippine Orthopedic Center project involves the construction of a 700-bed capacity specialty care hospital providing orthopedic clinical services and other services to the general public. It is intended to contribute towards providing comprehensive health services for the prevention and treatment of bone and joint diseases.
Spearheaded by the DOH as the implementing agency, the project’s bid documents were released yesterday, November 26, 2012. Said bidding is open to all interested private partners, subject to the conditions for eligibility under the BOT Law. Interested investors may submit their bids on or before March 26, 2013.
Following the Philippine-Singapore Business Council Seminar, the MPOC Project Roadshow was held last November 23, 2012 at the Hotel InterContinental Singapore. The event garnered participation from international firms such as: EC Harris Singapore Pte Ltd, GE Healthcare, Medtronic International Ltd, Serco Global Services, and FCC Partners Pte LTd, among others. (For the full list of participants, please see attached file).
More players invited
Earlier in October, the Department of Health and the Public-Private Partnership Center held an investors forum for the MPOC project, alongside the event “PPPs in Health Manila 2012”.
The forum was attended by more than a hundred interested private partners including Philips Healthcare Solutions, Metro Pacific Investments Corp., Mount Grace Hospital Ventures, San Miguel Corp., Healthscope Medical Solutions Corp., etc. (For the full list of participants, please see attached file).
The investors forum along with other market sounding activities are government initiatives to facilitate a collective dialogue between prospective investors, lending agencies, key support agencies and other interested stakeholders, thus enabling responsive public private partnerships for approved PPP projects.