ADB, AusAID extend $8.5-M grant for PPP capability

The country is getting grants totaling $8.5 million to improve the government’s capability to implement public-private partnership (PPP) projects, the Asian Development Bank (ADB) and the Australian Agency for International Development (AusAID) said in a joint press statement on Wednesday.

The grants, consisting of $1.5 million from the ADB and $7 million from AusAID, will be used for projects that will strengthen the government’s capacity to develop, competitively tender and monitor implementation of PPP projects, the statement read further.

The government itself will provide counterpart funding totaling another $8 million.

The technical assistance project, to be administered by the National Economic and Development Authority (NEDA), will run from April 2011 to July 2013.

It is designed to help the government develop a stronger policy, legal and regulatory environment to ensure successful PPP implementation.

Read more at ABS-CBN News



Con Yap