PPP project pipeline hits P2.86 trillion – BusinessWorld Online
THE public-private partnership (PPP) projects in the pipeline now number 230, valued at P2.86 trillion, the Department of Economy, Planning, and Development (DEPDev) said.
Speaking at a House Committee on Appropriations briefing on Monday, Economy Secretary Arsenio M. Balisacan said the government is currently in the process of maximizing the PPP Code to mobilize greater private-sector participation in infrastructure.
“We will continue to collaborate with Congress to prioritize transformative reforms identified in the updated PPP (law), reforms that will accelerate the realization of our shared development objectives,” Mr. Balisacan said.
The PPP Center reported that the PPP pipeline totaled 230 projects as of Aug. 18.
Some 166 of these were national projects worth P2.70 trillion, while 95 were local projects valued at P154.74 billion.
The PPP Center said two new projects were added to the pipeline since the July 28 update.
These are the P29.62-billion Metro Manila Waste to Energy project of the Metropolitan Manila Development Authority, and phase 4 of the School Infrastructure Project of the Department of Education.
The PPP Center said it delisted the P29.39-billion 3,000-tons-per-day Manila Waste-to-Energy Facility Project and the P320-million digitalization project of the Philippine Retirement Authority.
The PPP Center noted that the projects were delisted due to “failure of negotiations.”
Meanwhile, PPP projects under implementation totaled 261 and were valued at P3.79 trillion. — Aubrey Rose A. Inosante