Philippines may get US$5 Million in grant for PPP

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The Philippines: How can we contribute towards its progress?

If all goes well, the Philippines could get $5-million (P220.6 million) grant to help push the government’s public-private partnership (PPP) projects.

Rolando Tungpalan, National Economic and Development Authority (Neda) deputy director general for Investment Programming, said the government has just concluded a fact-finding mission with the prospective donors of the capacity development technical assistance. These are the Asian Development Bank, Canadian International Development Agency and the Australian Agency for International Development.

The fact-finding mission is a prelude to providing the government with the grant, which aims to build the government’s capacity to ensure the “bankability” of all projects to be structured as under the PPP, the Project Development and Monitoring Facility (PDMF).

“The Philippine government appreciates the early response of these three major partners.” Tungpalan said. The signing could take place within the month.

Read the full article on BusinessMirror.

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