Presidential Communications Operations Office



  PIA Bldg, Visayas Ave, Diliman, Quezon City, Philippines
  Friday, 18 October 2019 News Before 1 Feb 2012. Click for Latest
Web PIA  
 
home
 
about
 
fotos
 
info
 
links
 
ncrr01carr02r03calmimr05r06r07r08r09r10r11r12r13
 << October 2019 >> 
S M T W T F S
1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31
Special News Editions:
English.Tagalog.Cebuano
Ilocano.Waray.Hiligaynon
Pangasinan.Other
PIA Specials:
NEW! Cabinet Officials
Jobs.Slides.Specials.Ads. Events.ASEAN.Multimedia
Visitors since 15 Feb 2011:
PIA News Archive:
English.Tagalog.Cebuano
Waray.Hiligaynon.Ilocano
Pangasinan.All
PIA Archive News Reader

PIA Press Release
2010/11/11

Gov't plans to issue bonds for infra projects

Manila (11 November) -- Finance Secretary Cesar Purisima recently said that the Aquino administration is planning to sell 25-year debt papers next year to help the government in building the country's badly needed infrastructure.

Purisima explained that the bonds will be issued to match the length of the proposed projects, and if some projects are under 25 years, the bond maturity would be adjusted accordingly.

"We will create a pool of funds to support solicited projects and we will issue bonds as necessary. So there will be no outstanding money. If committed a certain amount to a project, then we will issue a bond and re-lend it to a project," Purisima said.

"The key is to do feasibility study, then we hire financial adviser so we can properly bid these out," Purisima said referring to President Aquino's Public-Private Partnerships initiative.

The finance chief, meanwhile, assured that all transactions under the PPP's will be transparent.

"That's one of the lessons we've learned from the past where the focus was unsolicited, less transparent and more prone to irregularities," Purisima said.

To date, the government is preparing for the launching of the PPP next week, beginning November 18 to 19.

The government has already listed down P128 billion worth of infrastructure projects to be prioritized in 2011. These are the extension of the Light Railway Transit, new airports and terminals in Bohol, Pampanga, Puerto Princesa, and Daraga.

Also, the government plants to build a road linking the North and South Luzon tollways and a water supply project in Metro Manila. (PIA-MMIO) [top]

|«  prev  next  »|
DAILY NEWS LIST:
»Tagalog News: PNoy, tutulak patungong Japan ngayong araw
»Tagalog News: 43 MSMEs ng Central Luzon lalahok sa 5th OTOP Luzon Island Fair
»PNoy declares November 16 as national holiday
»11 Pinoy victims of human trafficking in US provided assistance, says DOLE
»Filipino bamboo bike builder, 43; world entrepreneurs mourn loss
»Senate receives budget bill from House
»Tagalog News: DFA nagbabala sa modus ng pagnanakaw ng mga turistang Pilipino sa Macau
»Feature: Tacloban commercially manufactures traditional herbal medicines
»Feature: PITAHC herbal plant in Eastern Visayas, a medical tourism destination
»PNoy leaves for Japan to attend APEC summit
|«  prev  next  »|

Philippine Official Gazette | Office of the President | Presidential Communications Operations Office
For comments and feedback, please email PIA Newsdesk
Copyright © 2005 Philippine Information Agency
PIA Building, Visayas Avenue, Diliman, Quezon City 1101 Philippines