The government is considering setting up a contingent liability fund—proposed to initially be worth P30 billion—that will handle the unexpected cost for the government arising from infrastructure projects under the Public-Private Partnership (PPP) program.
The government-owned Korea Development Bank has signed a deal with state-run Development Bank of the Philippines to engage in the co-financing of infrastructure projects under the Public-Private Partnership (PPP) program and other growth initiatives for the Philippines.
THE BOARD of the National Economic and Development Authority (Neda), which is chaired by President Aquino, has approved nine new transportation and infrastructure projects with investments worth P105.85 billion.
THE DEPARTMENT of Transportation and Communications (DOTC) is enlisting the help of the country’s top private lawyers to help speed up the rollout of big-ticket infrastructure projects under the public-private partnership (PPP) scheme.
After hours of meeting, President Benigno Aquino III and his Cabinet approved, on Thursday night, 11 infrastructure projects worth more than P100 billion, including a key project connecting the North Luzon Expressway with the Southern Luzon Expressway and the Cavite-Laguna Expressway.
Companies based in the United Kingdom are keen on taking part in the Philippines’ public-private partnership projects on infrastructure, London’s top official said Tuesday.
Conglomerate Ayala Corp. has identified a number of big-ticket airport, toll road, mass transportation, water infrastructure and power projects that it wants to invest in as part of its large-scale diversification into high-growth infrastructure businesses.
The Philippines is set to receive $50 million worth of loan from the World Bank to fund various infrastructure initiatives throughout the country.
Japan is funding about P46.88-billion worth of flood control, irrigation and road transport projects nationwide, according to the National Economic and Development Authority (Neda).
Expect major traffic jams not only in Metro Manila but throughout the country starting next month when the government goes full blast in implementing its infrastructure program, the budget department said Thursday.
A Washington-backed grant agency has asked contractors and suppliers to sign “integrity pacts” in relation to the conduct of projects under its $434-million facility, amid perceived proliferation of corrupt practices in public projects.
The contract terms for all future government infrastructure projects will become more “consumer-friendly,” making them more affordable for all Filipinos without compromising the quality of the structures, according to the Department of Transportation and Communications. Because the government’s fiscal situation has been improving, the state itself can now afford to take on major infrastructure projects [...]
