PRESIDENT Benigno Aquino III said Friday he has created a Public-Private Partnership Center that will serve as a one-stop shop for P180 billion worth of private-sector funded projects lined up for next year.
The center’s undertakings would ensure the country will meet its target of 7 to 8 percent growth in the gross domestic product next year, he said.
“PPP will be developed as an innovative policy tool to put dynamism into traditional public service delivery, particularly for infrastructure. We will make PPP work to create better value for our taxpayers’ money,” Mr. Aquino said.
“Through the PPP Center, we will be able to improve the quality of PPPs that will be up for tendering. It will also ensure that the approval process for PPP engagement will be completed within six months—instead of the usual tedious process that sometimes takes years to complete.”
Mr. Aquino also said he had earmarked P500 million in government subsidy to development projects to be implemented next year by third- to fifth-class municipalities.
The Interior Department would handle the fund for the projects, of which many were aimed at achieving the United Nations’ Millennium Development goals, he said.
The PPP Center has been tasked to provide technical assistance and help facilitate the development of project proposals, and it will be attached to the National Economic Development Authority.
“We are eyeing more PPP engagements particularly in infrastructure, where investments will yield a multiplier effect,” Mr. Aquino said. The priorities would include light rail systems, airports, roads and flood-control projects, he said. Joyce Pangco Pañares, manila standard today
June 2025
Philippine Environment Month!
“Action for Nature, for the Future!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideosturesVideos
Monthly Observances:
1 Jun – World Day of Parents
5 Jun – World Environment Day
7 Jun – World Food Safety Day
8 Jun – World Oceans Day
12 Jun – World Day Against Child Labour
15 Jun – World Elder Abuse Awareness Day
16 Jun – International Day of Family Remittances
17 Jun – World Day to Combat Desertification and Drought
20 Jun – World Refugee Day
25 Jun – Day of the Seafarer
27 Jun – Micro-, Small and Medium-sized Enterprises Day
Daily Observances:
June 6: Migrant Workers Day
June 19: Filipino Youth Day
June 25: Day of the Filipino Seafarer
