ADB, Australia, Canada support PPP push

The Asian Development Bank (ADB), with the support of Australia and Canada, are helping the Philippines clear obstacles to public-private partnerships (PPP), paving the way for increased private investment in infrastructure.

Grants of $1.5 million from ADB and $7 million from Australia, through the Australian Agency for International Development (AusAID), will be used to support strengthening government capacity to develop, competitively tender and monitor implementation of PPP projects.

Matching the support from development partners, the Philippine government will provide the equivalent of $8 million.

The National Economic and Development Authority (NEDA) is the executing agency for the project which is slated to run from April 2011 to July 2013.

“The government recognizes the need to improve the systems and capacity for preparing bankable PPPs. The goal of the project is to boost the public sector’s ability to promote and carry out successful PPP projects that will, in turn, provide better services to citizens and contribute to inclusive economic growth,” said Neeraj Jain, Country Director for ADB’s Philippines Country Office.

Read more at Manila Bulletin


Con Yap