Gov’t to roll out two PPP projects worth Php 69-B in Q1

MANILA, January 24 — The government is set to roll out this quarter two major infrastructure projects worth Php 69.17 billion under the Public Private Partnership (PPP) program.

PPP Center Executive Director Cosette Canilao said these are the Php 18.99-billion Davao Sasa Port Modernization Project and the Php 50.18-billion Regional Prison Facilities thru PPP.

“We are hoping that within the first quarter, these projects will be rolled out,” she said in an interview on the sidelines of a PPP event organized by the British Embassy in Manila.

The port modernization project involves the development of the existing Davao Sasa Port in Davao City into a modern, international-standard container terminal that will improve trade access to Mindanao and the Philippines by providing a dedicated containerized port in the region.

The Regional Prison Facilities through PPP project, the first of its kind in the country, on the other hand, entails the construction and maintenance of a modern prison facility in Fort Magsaysay, Nueva Ecija.

The two projects are among the nine PPP projects with combined costs of Php702.78 billion targeted to be launched in 2015.

The biggest of these projects are the Php 374.5-billion Makati-Pasay-Taguig Mass Transit System Loop and the Php 177.21-billion North-South Rail Project (South Line).

Canilao said that five PPP projects worth Php 43.36 billion are expected to be completed at the end of President Benigno S. Aquino’s term in 2016.

These are the two school infrastructure projects costing Php 20.14 billion, the Php 15.52-billion Ninoy Aquino International Airport, the Php 5.69-billion Modernization of the Philippine Orthopedic Center and the Php 2.01-billion Daang Hari-South Luzon Expressway (SLEx) link.

“There are 12 projects that are being bid out but one of these has been awarded… Most likely another five projects will be approved; the others are in the process of preparation,” Canilao told reporters.

“We all want the PPP program to be sustainable and to go beyond 2016,” she said.  (PNA)

 

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