Republic Act No. 11966, or the Public-Private Partnership (PPP) Code of the Philippines, takes effect today, December 23, 2023. This landmark legislation unifies the fragmented PPP legal frameworks in the country under one governing law.
Under the law, the PPP Governing Board (PPPGB) shall serve as the Implementing Rules and Regulations (IRR) Committee tasked with issuing the Code’s IRR within 90 calendar days from its effectivity.
In anticipation of the issuance of the IRR, the PPPGB has taken proactive measures to ensure the smooth transition and continuity of ongoing PPP projects in the country.
On December 21, 2023, the PPPGB, chaired by NEDA Secretary Arsenio M. Balisacan, approved interim guidelines to provide stakeholders with critical guidance to prevent delays in ongoing PPP projects due to the enactment of the new legislation.
The interim guidelines offer clarity on the applicable rules for projects after the PPP Code becomes effective but before the promulgation of the IRR. These guidelines will remain valid until superseded by subsequent interim guidelines or upon the effectivity of the IRR.
The PPP Code of the Philippines was signed into law on December 5, 2023, and was published in the Daily Tribune newspaper on December 8, 2023.
Stakeholders and interested parties can access the interim guidelines by visiting this link: https://bit.ly/PPPCodeInterimGuidelines
