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Japan,Philippines : ASIAN DEVELOPMENT BANK and JAPAN expands PUBLIC-PRIVATE PARTNERSHIPS

May 19, 2014



The Asian Development Bank and the Government of Japan declared that they will propose a technical assistance of $2 million to assist the Philippine Government.

It will boost Philippine s appraisal process for public-private partnerships as the country s pipeline of projects grows. Aziz Haydarov, Public-Private Partnership Specialist in ADB s Southeast Asia Department, commented Public-private partnerships are increasingly helping the Government of the Philippines meet its goals for reducing the country s infrastructure gap and boosting facilities for the provision of social services such as education and healthcare.

In the Philippines, the pipeline of PPP projects raised from 11 projects in November 2011 to 51 in January 2014. In 2013, the government wanted to raise public infrastructure investments to 5 percent of GDP in 2016, to bring the Philippines on par with the regional average. At present, six PPP projects are at the bidding stage, with another four projects worth $ 1.4 billion undergoing government approval. In addition, 20 projects are under preparation and 13 under conceptualization.


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Source: TendersInfo (India)


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