Construction may grow 8% a yr if PPP listed – BMI

Easing the regulations for listing public-private partnership (PPP) projects on the Philippine Stock Exchange could help step up infrastructure building and boost growth in the construction industry substantially in the next five years with increased available funding, Fitch-owned BMI Research said.

“We believe the government’s proposal to ease the regulations for companies to list major public-private partnership infrastructure projects on the Philippine Stock Exchange bodes well for the expansion of the Philippine’s construction sector, which we forecast to expand at an annual average of 8.2 percent in real terms over our five-year forecast period up to 2020,” it said in a report.