5 August 2013
The Philippine government formally accepted the additional grant contribution of $3-Million from the Canadian government, through the Canadian International Development Agency (CIDA), for capacity building and institutional strengthening of public-private partnerships (PPP) in the country.
On 01 August 2013, the National Economic Development Authority (NEDA), Public-Private Partnership (PPP) Center, Government of Canada, through CIDA, Government of Australia, through the Australian Agency for International Development (AusAID), and the Asian Development Bank (ADB) signed the amendments to the Technical Assistance in support of the Philippine PPP Program.
The additional Canadian contribution allowed the Australian Government to increase its contribution to the Project Development and Monitoring Facility (PDMF) from $15-Million to $18-Million. With the $42-Million counterpart Philippine Government contribution, the PDMF resources now amount to about $60-Million.
The PDMF is a revolving pool of funds managed by the PPP Center to enhance the investment environment for PPP to develop a robust pipeline of viable and well prepared PPP infrastructure projects. Implementing agencies can tap the PDMF to finance the conduct of feasibility studies and provision of transaction advisory services during the actual bidding of their PPP projects until financial close.
To date, 27 PPP projects in the pipeline are PDMF supported. These projects cover various sectors including airports, railways, mass transport system, urban rail, toll roads and highways, water supply, schools, a hospital and agricultural facilities.