There are emerging sectors in local public-private partnerships (PPP) as more local government units are engaging in PPP to implement their priority projects.
PPP Center Deputy Executive Director Eleazar Ricote identified these emerging sectors in local PPPs as transportation such as port, road, bus rapid transport and terminal; information technology system; tourism; and energy.
“A lot of LGUs are coming to us for help on PPPs. Benefits of PPPs, aside from financing and bringing private sector finance, efficiency through automation, technology, etc. a lot of things they can put together very quickly without the constraints of procurements,” he said during the 6th Livable Cities Lab organized by Livable Cities Philippines.
Ricote said the center’s other local PPP projects are those in water supply and sanitation, solid waste management, vertical infrastructure/government property development, and agriculture/food security.
“In our continuing PPP narrative, there are 181 PPP projects, in both national and local level, that are under implementation since the enactment of the Build, Operate, Transfer Law,” he said.
Ricote said the 181 PPP projects under implementation cost P2.66 trillion while there are 105 projects in the pipeline worth P2.52T. The total cost does not include projects undergoing studies and with costs that are yet to be finalized.
He said as one of the infrastructure delivery mechanisms in the country significantly contributing to its economic growth and resiliency, the PPP is a priority agenda of the administration.
Meanwhile, Ricote said the proposed PPP Code has hurdled Congress bicameral ratification and nears enactment.
The code aims to build on and broaden the policy scope of the BOT Law, unify fragmented legal frameworks on PPP, and introduces improvements in the approval process, among others.
“We are optimistic it will be approved – the new PPP law or what we call the national PPP Code – before the end of the year. After which, we will put out an implementing rules and regulations in the first quarter of next year,” he said. – Press release