Quick infra-related update, I keep an eye on the web for news of updates following Filipino President-Elect Rodrigo Duterte’s statements on the broad outlines of the likely economic policies of his administration, specifically those impacting the ongoing infra/PPP programme kick-started by out-going President Benigno Aquino.
Two statements are seemingly filtering through:
- Accelerate infrastructure spending by addressing, among others, major bottlenecks in the public-private partnership (PPP) programme. Maintain the target of setting aside 5% of the country’s gross domestic product to infrastructure spending.
- Ensure attractiveness of the Philippines to foreign direct investments by addressing restrictive economic provisions in the Constitution and our laws, and enhancing competitiveness of the economy.
Duterte will likely get a higher number of such projects out the door by streamlining tender processes and allowing the deals to include more attractive financial incentives for bidders. We await for the progress of these plans which is due to come on 01 July 2016.
As we know, at present, around 12 PPPs have been awarded (3 completed) with a further 15 PPP projects currently under procurement. Around 10 more are getting approval soon. For more details of the PPP pipeline in the Philippines, please click here.
The governing board of the PPP Center (the Government agency handling the PPP programme) is co-terminus with the outgoing Aquino Administration. There are no news of those who are likely to succeed the incumbent board.
What we do know is the Executive Director (de facto CEO and supposedly not linked to the politically appointed governing board) changed in February this year with Cosette Canilao (I met her a few times when involved in the LRT1&2 procurement) resigning for “personal reasons”. Her replacement is lawyer, Under-Secretary Andre Palacios. See local ABS-CBN news article for interest (with handy summary of the 12 awarded projects) – click here.
I hope this is of some interest.