The National Economic and Development Authority (NEDA) has released the Public Investment Program (PIP) 2023-2028. The PIP is a six-year programming document accompanying the Philippine Development Plan (PDP), which contains the priority programs and projects (PAPs) to be implemented by the national government, government-owned or controlled corporations (GOCCs), and other national government offices and instrumentalities within the medium-term. These PAPs contribute to meeting the societal goals and targets in the PDP.
The PIP identifies the modes of financing for priority PAPs, namely: national government budget (including internal cash generated by GOCCs), official development assistance (ODA), and public-private partnerships (PPPs).
Pursuant to Section 2.4 of the Revised 2022 Implementing Rules and Regulations of the Philippine Build-Operate-and-Transfer (BOT) Law, the PIP, the Three-Year Rolling Infrastructure Program (TRIP), and their successor priority lists shall be deemed as the lists of national priority projects. Projects identified therein to be implemented through PPPs may be financed, constructed, operated, and maintained by the private sector in accordance with the BOT Law.
The PIP 2023-2028 may be accessed on the NEDA website: https://neda.gov.ph/public-investment-programs.