DoF cites hybrid PPP as fast and cost-effective

A HYBRID approach is the fastest and cost-effective way of pursuing the public-private partnership (PPP) initiative to partly implement the Duterte administration’s infrastructure buildup over the next five years, according to the Department of Finance (DoF).

In a statement on Wednesday, Finance Secretary Carlos Dominguez 3rd said a hybrid PPP approach allows the government to select, finance and build big-ticket projects via public bidding. Once completed, the government can then auction off the operation and maintenance (O&M) contract to the private sector.