The Public-Private Partnership (PPP) Center of the Philippines and Singapore-based Infrastructure Asia (InfraAsia) recently renewed their Memorandum of Understanding (MOU) to collaborate in advancing infrastructure development in the country through capacity building, policy formulation, and project development.

In a ceremony on June 4, 2024 held at Singapore, PPP Center represented by Executive Director Ma. Cynthia C. Hernandez and InfraAsia represented by Lavan Thiru, Executive Director, Indranee Rajah, Minister in Prime Minister’s Office, Second Minister for Finance and National Development, Singapore, and Medardo Macaraig, Ambassador Extraordinary and Plenipotentiary Embassy of the Republic of the Philippines in Singapore signed the Renewal Agreement in the presence of officials and representatives from the Philippines and Singapore.

The MOU renewal aims to continue existing collaborations in the development and implementation of PPP projects and expand engagements particularly on project and sector development, as well as market sounding sessions for identified priority projects in the Philippines.

Since 2019, Infrastructure Asia (InfraAsia) has been supporting the PPP Center in the facilitation and implementation of the PPP Program in the regions through sharing knowledge and international best practices on capacity building, policy formulation, and project development, including the development of a pipeline of projects on focus areas such as transport, healthcare, water supply, waste management, renewable energy, and green buildings, among others.