Public-Private Partnerships (PPPs) in the tourism sector is a key topic in the series of project development training organized by the Department of Tourism (DOT), its attached agencies, and selected LGUs with tourism projects.
Deputy Executive Director Eleazar E. Ricote spoke about the PPP prospects for the sector and key project structuring elements last November 14, 2022. He talked about previous attempts such as the Nayong Pilipino Entertainment City and Philippine Travel Center projects, as well as current PPP initiatives of the DOT’s infrastructure agency, the Tourism Infrastructure and Economic Zone Authority (TIEZA). He elaborated on the authorities of LGUs to pursue local and regional tourism infrastructure and development projects, in light of the current full devolution directive. In the end, he stressed the need for the tourism sector to formalize its PPP policy and institutional framework, and put together a pipeline of projects both at the national and local levels.
“Tourism is among the top sectors contributing to economic growth and its critical infrastructure development requirements can be pursued through PPP, this time with LGUs taking on a major role,” Ricote adds.