Skip to content

Philippines Today

home of the Global Filipino

Menu
  • News Stories
  • Regional News
  • Business & Economy
  • Science & Technology
  • International
Menu

PHL vows governance, policy reforms to lure private sector participation in infra projects

Posted on April 24, 2015

By Leslie D. Venzon

MANILA, April 24 (PNA) — The government has vowed to continuously improve public sector governance and institute policy reforms to improve the business climate in the country, as it taps increased private sector participation in infrastructure development.

Socioeconomic Planning Secretary Arsenio Balisacan said that apart from priority programs and projects, several non-structural reforms have been pursued to streamline government processes.

Balisacan said these include the revision of the Build-Operate-Transfer (BOT) Law implementing rules and regulations (IRR) and the Joint Venture (JV) Guidelines.

“(These will) make the business environment conducive to investments and to address constraints and bottlenecks in infrastructure provision… Indeed, the current administration has achieved major achievements in infrastructure development,” he said at the forum on financing options for public-private partnerships (PPPs) on Friday.

Balisacan said through private sector investments under the country’s pioneering PPP program, public resources can be freed up and be utilized for the provision of much needed social services.

He particularly cited investors, banks and other financing institutions that can provide the country’s PPP program with various financing options.

Balisacan, also the National Economic and Development Authority (NEDA) Director General, said these options include creating a suitable environment for issuance of project bonds for PPPs, packaging and financing for PPP projects, sovereign guarantees for PPPs and implementing measures to attract institutional investors.

Based on the Comprehensive and Integrated Infrastructure Program (CIIP) 2013-2016 and beyond, the priority programs and projects for the infrastructure sector comprises a total of 3,077 projects with total investment requirements amounting to about Php6.58 trillion.

As stipulated in the Philippine Development Plan (PDP), the government aims to increase public infrastructure spending from 2.7 percent of the gross domestic product (GDP) in 2013 to at least 5.0 percent or about PhP826 billion by 2016 to support the country’s growth requirements in the next few years. (PNA)

Share this:

  • Facebook
  • Twitter
  • LinkedIn
  • Pinterest
  • More
  • Tumblr
  • Reddit

Related

News Categories

  • Announcement (34)
  • Business & Economy (1,567)
  • Comment and Opinion (74)
    • Random Thoughts (18)
  • Current Issues (425)
    • Charter Change (1)
    • Election (228)
    • Population (6)
  • International (389)
  • Life In Japan (66)
    • Everything Japan (41)
  • Literary (34)
  • Miscellaneous (610)
  • News Stories (5,312)
  • OFW Corner (297)
  • Others (75)
  • People (408)
  • Press Releases (163)
  • Regional News (3,362)
  • Science and Technology (502)
  • Sports & Entertainment (287)

Latest News

  • BSP keeps policy rates anew December 17, 2015
  • NEDA cuts PHL additional rice import for 2016 by 25% December 17, 2015
  • DA cites serious implications of banning genetically modified products December 17, 2015
  • BBL is not yet dead – Drilon December 17, 2015
  • Comelec recognizes Duterte’s CoC for president December 17, 2015
  • NEDA chief sees 2015 growth at 6% despite typhoons December 17, 2015
  • House of Representatives ratifies bicam report on P3.002-T national budget for 2016 December 17, 2015
  • Cebu-based developer invests PHP430M to build 709 townhouse units in north Cebu town December 17, 2015
  • City gov’t eyes P75-M income from economic enterprise December 17, 2015
  • Baguio City LGU presents traffic plan for holiday season December 17, 2015

Archives

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

Science and Technology

  • DOST-ICTO targets 500,000 web-based workers from countryside by 2016
  • (Feature) STARBOOKS: A ‘makeover’ for librarians
  • Science, research reduce ‘cocolisap’ hotspot areas in PHL
  • Montejo to further improve PAGASA and empower scientists
  • 1st PPP in biomedical research produces knee replacement system fit for Asians

Press Releases

  • Microsoft to buy Nokia’s mobile devices business for 5.44-B euros
  • New World Bank climate change report should spur SEA and world leaders into action: Greenpeace
  • Save the Philippine Seas before it’s too late — Greenpeace
  • Palanca Awards’ last call for entries
  • Philippines joins the global call for Arctic protection

Comment and Opinion

  • Remembering the dead is a celebration of life
  • Killer earthquake unlikely to hit Panay Island in near future – analyst
  • It’s not just more fun to invest in the Philippines, it is also profitable, says President Aquino
  • How does one differentiate a tamaraw from a carabao?
  • Fun is not just about the place, it is also about the people, says DOT chief

OFW Corner

  • Ebola infection risk low in Croatia
  • Death toll rises to 41, over 100 still missing in landslide in India
  • Asbestos use in construction a labor hazard
  • 500,000 OFWs to benefit POEA on-line transactions — Baldoz
  • 25 distressed OFWs return home from Riyadh
©2025 Philippines Today | Design: Newspaperly WordPress Theme