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
March –
IT’S WOMEN’S MONTH!
“Respect and support women
every day of the year/s!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
Monthly Observances:
Women’s Role in History Month
Weekly Observances:
Week 1: Environmental Week;
Women’s Week
Week 3: Philippine Industry and “
Made-in-the-Philippines Products Week
Last Week: Protection and Gender-Fair Treatment
of the Girl Child Week
Daily Observances:
March 8: Women’s Rights and
International Peace Day;
National Women’s Day
March 4: Employee Appreciation Day
March 15: World Consumer Rights Day
March 18: Global Recycling Day
March 21: International Day for the Elimination
of Racial Discrimination
March 23: International Day for the Right to the Truth
Concerning Gross Human Rights Violations
and for the Dignity of Victims
March 25: International Day of Remembrance of the
Victims of Slavery and the Transatlantic Slave Trade
March 27: Earth Hour
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