Gov't eyes bond sale to fund infrastructure projects

Reuters

Posted at Oct 29 2010 12:51 PM | Updated as of Oct 29 2010 08:51 PM

MANILA, Philippines - The Philippines is studying a possible issue of infrastructure bonds next year to help finance road, railway, and airport projects under its public-private partnership initiative, a senior official said on Friday.

National Treasurer Roberto Tan told Reuters the bonds can either be issued locally or overseas.

"The options are being studied now," Tan said.

He did not indicate the amount to be raised from the bond issue, but Manila had identified projects worth more than $2 billion it hopes to bid out next year.

The government will meet investors next month in a two-day infrastructure conference in Manila to present investment opportunities in state projects.