Wednesday, 8 September 2010

Economic managers list 50 PPP projects

Written by Cai U. Ordinario
Business Mirror
http://www.businessmirror.com.ph/home/economy/1005-economic-managers-list-50-ppp-projects

THE government is lining up 50 projects for public-private partnerships (PPP), according to the National Economic and Development Authority (Neda).

Neda Director General and Socioeconomic Planning Secretary Dr. Cayetano W. Paderanga Jr. said the government’s economic managers initially considered about 70 projects for PPP, but the President’s economic team trimmed this down to 50.

The 70 projects had been identified in the previous Medium Term Philippine Investment Plan. But some changes would be made for the final list of the PPP projects to be proposed to the private sector for funding, he said.

But Paderanga also said new projects maybe added as the economic team begins to examine integrated national plans.

Earlier, Neda Deputy Director General for Investment Programming Rolando Tungpalan cited three strong “contenders” for PPP:

The extension of the Light Rail Transit to the Masinag market along the Marcos Highway in Antipolo. The extension will start from the Santolan station, where the present LRT Line 2 ends.
The previously proposed connector road linking the South Luzon Expressway to the North Luzon Expressway. It was initially proposed to be funded by a loan from the Chinese government.

The Laiban Dam. Incidentally, the publicly listed firm Abacus Consolidated Resources & Holdings Inc. yesterday disclosed to the local bourse its proposal to undertake the Laiban Dam project through a P60- billion joint venture with the government.

Tungpalan said “ready to go” projects of the Comprehensive Infrastructure Investment Program could also be considered for the PPP. The only thing lacking in these projects is funding, he said.
Tungpalan said “ready to go” projects of the Comprehensive Infrastructure Investment Program could also be considered for the PPP. The only thing lacking in these projects is funding, he said.

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