MANILA, Philippines – The Asian Development Bank (ADB) and the government of Japan will give public-private partnership (PPP) projects a boost through technical assistance of $2 million.
The additional funds will help the Philippine government strengthen its appraisal process for public-private partnerships (PPPs) as the country’s pipeline of projects grows.
“Public-private partnerships are increasingly helping the Government of the Philippines meet its goals for reducing the country’s infrastructure gap and boosting facilities for the provision of social services such as education and healthcare,” said Aziz Haydarov, Public-Private Partnership Specialist in ADB’s Southeast
The funds will strengthen the capacity and systems of the National Economic and Development Authority (NEDA) in reviewing PPP projects prior to government approval.
It will also aid the Department of Finance in sustainable management of fiscal cost, including contingent liabilities, arising from a growing PPP project portfolio.
The technical assistance will be funded by the Japan Fund for Poverty Reduction and administered by ADB.
The pipeline of PPP projects in the Philippines grew to 51 to start 2014 from only 11 projects in November 2011.
Among the projects that have been awarded include four expressways, two classrooms, one light rail, and one hospital, with a combined estimated investment value of $3.4 billion.
Six more PPP projects, also worth $3.4 billion, are currently at the bidding stage while another four projects worth $1.4 billion are still awaiting government approval.
Twenty projects are still under preparation and 13 others are under conceptualization.