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
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
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
October –
Monthly Observances:
Industry and Commerce Safety Month
National Statistics Month
Local Government Month
Consumer Welfare Month
Cooperative Month
National Quality and Productivity Improvement Month
National Health and Wellness Tourism Month
National Indigenous Peoples Month
Weekly Observances:
Week 1: Elderly Filipino Week
Week 2: National Health Education Week
Local Government Week
National Mental Health Week
October 17-23:
National Week for Overcoming Extreme Poverty
October 18 – 24:
United Nations Week
Last Week:
Nurses’ Week
Consumers’ Protection Week
Week of the 4th Sunday:
Barrio Farmers’ Week
Daily Observances:
First Monday (Oct 4): Universal Children’s Day i
n the Philippines
Oct 5: National Teachers’ Day
Oct 10: Local Government Day
Third Thursday (Oct 14): Conflict Resolution Day
Oct 21: Tenants’ Emancipation day
Oct 24: United Nations Day
Oct 29: National Indigenous People’s Thanksgiving Day
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