MANILA – The Philippines showcased its public-private partnership (PPP) program to delegates from various APEC member-economies in Tagaytay City on Wednesday.
Nine infrastructure projects, worth a total of about $2.9 billion, have been awarded under the PPP program of the Aquino administration.
These projects include the Daang Hari-SLEX Link Road Project, NAIA Expressway (Phase II) Project, Mactan-Cebu International Airport Passenger Terminal Building, and the LRT Line 1 Cavite Extension and O&M.
More than 15 PPP projects are currently in the bidding stage.
PPP is an initiative where the private sector is tapped to invest in public projects or programs to help fill in the investment gap.
A meeting was held with APEC member economies to discuss means to accelerate PPPs, which are seen helpful in boosting job-generating investments.
The meeting highlighted the benefits of the PPP program in helping accelerate investments and growth.
"We are delighted to see APEC economies come together to exchange knowledge in PPP," PPP Center executive director Cosette Canilao said.
"The Philippines has come a long way since the PPP program was relaunched in 2010. Five years hence, we are proud to say that we now have a program with a sound policy framework, established institutional reforms, a robust pipeline of PPP projects and well capacitated agencies," she added.
Delegates have agreed for APEC member-economies to constantly share their respective knowledge in PPP. One proposal is for APEC member-economies to have a PPP Knowledge Portal that is accessible to all of the members.
The 4th APEC PPP Experts Advisory Panel Meeting is just one of the year-round APEC meetings for 2015. The meetings cover a wide range of issues related to development for the Asia-Pacific region.
The Philippines serves as host of APEC 2015.
Meanwhile, Indonesia also shared its experience in setting up its PPP Unit, the regulation for the creation of which was issued by the Ministry of Finance of Indonesia in 2014.
Freddy Saragih, the director of the PPP unit of Indonesia, said the staffing of the unit has been completed. Initially, the PPP unit has 10 projects in the pipeline, of which 3 are in power, 3 are in water supply, and 4 in transportation.
"We would like to increase our capacity," Saragih said, adding that the PPP Unit will have its staff trained to secure PPP certification.