Government adds 9 PPP projects worth P65 billion

Nine public-private partnership (PPP) projects were added in the pipeline, increasing the value of PPP list by P65 billion as of July this year, according to a report by Philippine News Agency.

During the Build Better More Infrastructure Forum here Thursday, PPP Center Executive Director Ma. Cynthia Hernandez said her office listed 143 PPP projects in the pipeline amounting to PHP3.095 trillion as of July 11.

Early last month, the PPP Center listed 134 projects in the pipeline worth PHP3.03 trillion.

Hernandez said most of the added projects are unsolicited proposals.

Majority or 100 of these projects are at the national level and the remaining 43 projects will be implemented by local government units (LGUs).

She also reported that of the total projects in the pipeline, 102 are currently in preparation phase, 21 in negotiation phase, 10 in approval phase, and eight in procurement phase.

The status of two other projects is still for verification.

“The PPP Center is actually the touchpoint of a lot of international agencies that want to also assist in developing PPPs,” Hernandez said.