PPP projects’ bidding on track

The Department of Finance (DoF) said that the Aquino administration is on track with its plan to bid out 10 infrastructure projects this year as part of its Public-Private Partnerships (PPPs) initiative.

 

Finance Secretary Cesar V. Purisima said in a televised interview with ANC that the first project under PPP is on stream already and by July the government would probably be ready to announce the winner.

 

“By the time the President gives his [state-of-the-nation address], I think, about five projects will be on stream already. By the end of the year, I think, the 10 projects would have been started already,” Purisima said.

 

“In fact, we’re already looking at the next 10 projects for next year,” he added.

 

Inter-agency Investment Coordination Committee (ICC) earlier gave the green light for the Daang Hari-South Luzon Expressway (SLEx) link road project, which is first among the three projects that need to be approved by the body.

Read more at Manila Bulletin

 

Con Yap