DOTr pursuing PPP to finance infrastructure projects

[snoop1130]

New MRT-7 train coaches were seen along Commonwealth Avenue in Quezon City on Sunday (July 17, 2022).

STAR / Michael Varcas

 

MANILA, Philippines — The Department of Transportation said it was actively pursuing Public-Private Partnership agreements to help finance and fast-track big-ticket transport infrastructure projects facing financial constraints.

 

At a luncheon before the European Chamber of Commerce of the Philippines, Transport Secretary Jaime Bautista said that these would eventually fund projects like the EDSA Busway, a network of seaports, 10 provincial airports, and the Cebu Bus Rapid Transit, among others.

 

"Allow me to emphasize the need to undertake crucial transport infrastructure projects in collaboration with the private sector, including foreign financial and technical assistance. Some big ticket projects have encountered limited budget allocations from the national government. We are therefore actively pursuing a public-private partnership to complete projects," Transport Secretary Jaime Bautista said. 

 

Full Story: https://www.philstar.com/headlines/2022/10/27/2219665/dotr-pursuing-ppp-finance-infrastructure-projects

 

-- © Copyright Philstar 2022-10-27

[bangon04]

not sure that the CCP counts as a "private" venture, but keep sleepwalking into their belt and roads initiative......