PPP Center
02 July 2012
Huge, untapped resources from the Canadian retirement industry are currently being eyed for investments in the country’s Public-Private Partnership (PPP) Program.
As part of the bilateral trip to Canada of the Philippine delegation headed by Foreign Affairs Secretary Albert F. del Rosario, a series of dialogues were also conducted with pension organizations who expressed great interest in investing their funds to the country’s lineup of PPP projects.
In the meeting dubbed as the “Conversation with Canadian Chamber of Commerce and Business Enablers”, the PPP Program was highlighted as one of the opportunities available for foreign investment ventures in the Philippines.
Aside from presenting to the Canadian Chambers of Commerce and Business Enablers, PPP Center Executive Director Cosette V. Canilao also met with Ontario’s various pension funds, such as the Canadian Pension Plan Investment Board (CPPIB), the Ontario Municipal Employees Retirement System (OMERS), and the Ontario Teachers Pension Plan (OTPP).
“These organizations are committed to forge ‘robust alliances to grow asset base in emerging markets, working within an environment of accountability, transparency, and refined risk management’. Their expressions of interest to participate in our program is a testament to the effectiveness of our reforms, and is indicative of the international community’s appreciation to our PPP Program that is geared towards sustainability,”ED Canilao was quoted as saying when asked about the implication of these possible Canadian investors.
Infrastructure funds in the country have been increasingly available to support and finance PPP projects. In less than two years since the Program was launched, a number of private sector-led infrastructure funds—such as the Philippine Investment Alliance for Infrastructure Fund being managed by Macquarie Infrastructure Management (Asia) Pty Limited Singapore—are now setup and readied for investments.
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