Manila, Philippines – THE Philippines ranks high on
Public-Private Partnership (PPP) readiness, says the “2011 Infrascope Study”
conducted by the Economic Intelligence Unit (EIU) for the Asian Development
Bank (ADB).
The study measured the readiness
and capacity of a country to carry out sustainable, long-term PPP projects. It
was carried out in 11 developing economies in the Asia-Pacific region,
including the Philippines, along with four benchmark countries — Australia,
United Kingdom, South Korea, and Japan, and one state, the Gujarat state of
India.
Among members of the Association
of Southeast Asian Nations (ASEAN), the Philippines offers the most ideal
environment for PPPs, the ADB said. The Philippines ranks eight in
PPP-readiness, with a score of 47.1 out of 100, followed by ASEAN members
Indonesia (46.1, ninth), Thailand (45.3, 10th), and Vietnam (26.3, 14th).
The study noted that the
“Philippines has a long history with PPP projects, and benefits from a good
legal framework. Bidding process is well-structured, and is putting in place
laws and structures to attract more private investment.”
The Philippines has set aside a
bigger 2013 “PPP Strategic Support Fund” to prepare for next year’s flagship
infrastructure projects under the Aquino Administration, including the
Tarlac-Pangasinan-La Union Toll Expressway, the Daang-Hari-SLEX Link Road, and
the Ninoy Aquino International Airport expressway.
This year, 21 projects have been
identified for implementation.
The “Public-Private Partnership
Handbook” by the ADB defines PPP as a range of possible relationships among
public and private entities in the context of infrastructure and other
services.
In a PPP, the public partners are
government entities such as departments, local government units, or
government-owned and controlled corporations, while the private partners could
do businesses in the Philippines with technical or financial expertise. It may
also include multilateral organizations such as the World Bank.
We wish the Philippine
Government, headed by President Benigno S. Aquino III and Vice President
Jejomar C. Binay, Department of Public Works and Highways Secretary Rogelio L.
Singson, Asian Development Bank President Harihiku Kuroda, and Public-Private Partnership
Center Executive Director Cosette V. Canilao, all the success in efforts to
provide impetus to the Public-Private Partnership program.
CONGRATULATIONS AND MABUHAY!
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