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PIA Press Release
2010/11/18

PNoy hopeful PPP will get support from major stakeholders

Manila (18 November) -- President Benigno S. Aquino III expressed optimism that the Public-Private Partnership (PPP) projects that will be launched tomorrow in Pasay City will get the support from major stakeholders.

In a Malacanang press corps briefing held on Thursday, November 17, President Aquino disclosed that various private entities, have shown interest on the first ten (10) projects that will be launched on November 18.

"There really seems to be a lot of interest, hopefully, the travel advisory brouhaha last week--will not seriously dampen it. At this point we're really optimistic that there will be a lot of interest on at least the first 10 that will be rolled out by tomorrow", the President said.

The President said that the travel advisories previously issued by other countries may, after all, not affect the launching and implementation of the PPP projects.

The Aquio Administration, in cooperation with the private sector, launched on November 17, "Infrastructure Philippines", that will run until Friday, Nov. 19 at the Manila Mariott Hotel.

The event is pursuant President Aquino's socio-economic agenda which aims to achieve a high and sustained economic growth needed to generate jobs and to examine investment opportunities, profiles of public-private partnership (PPP) projects in the country, as well as policy, regulatory, and legal concerns in developing the infrastructure sector in the country.

The Aquino government has committed to channel the gains from the PPP into essential social services, such as those in education, health, and its centerpiece program on poverty alleviation.

Implementing agencies such as the Department of Public Works and Highways and Department of Transportation and Communications will present their pipeline of infrastructure projects for possible private-public partnership as well as their planned timelines for bidding out such projects. (PIA 8) [top]

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