MANILA, Philippines - President Benigno Aquino said on Thursday his government will invite bids in the coming months for public-private partnership projects ranging from the construction of road networks to airport development.
The government has set an infrastructure conference next month to present investment opportunities to investors.
The Philippines has identified 10 priority projects, including 7 worth nearly P128 billion ($2.9 billion), that it wants to pursue via public-private partnerships (PPPs), part of a drive to increase investment.
Following are details of the priority projects, the estimated cost available, and expected completion time or date, based on government data:
- Expansion of the Light Rail Transit (LRT) line 1 in the capital by 11.7 kilometers southward to Cavite province: P70 billion; 4 years.
- Four-kilometre extension of eastern portion of the Metro Rail Transit line 2: P11.3 billion; 2 years.
- Construction of a new airport in Panglao island, central Bohol province: P7.54 billion; 4 years.
- Rehabilitation of the Puerto Princesa airport in southwestern Palawan province: P4.36 billion; 4 years.
- Construction of an elevated expressway in the capital linking the North Luzon Expressway and the South Luzon Expressway: P21 billion; 2014.
- Construction of the Manila side of the CALA expressway linking southwestern Cavite province to the capital: P10.5 billion; mid 2015.
- Construction of the Daraga international airport in central Philippines: P3 billion.
- Development of a city terminal to service the Diosdado Macapagal International Airport (DMIA) at the former US military base Clark in Angeles, Pampanga province north of Manila: no cost provided; 2011.
- Privatization of the maintenance and operation of the Laguindingan International Airport in the southern Misamis Oriental province: no cost provided; 2011.
- Supply of treated bulk water for Metro Manila to meet long-term demands: no cost provided; no date provided.