Investment banks could help the Philippines achieve an P8.4 trillion infrastructure buildup in the next six years by exploring opportunities in the new “hybrid” public-private partnership (PPP) program, the Department of Finance (DoF) said in a statement on Monday.
“The PPP method takes too long to negotiate the terms of the agreement. We will initiate the project and decide at a certain point when to make it a PPP, perhaps towards the middle or towards the end. Investment banks like Nomura which are active in the capital markets may be able to help,” Finance Secretary Carlos Dominguez 3rd was quoted as saying in his May 4 meeting with top officials of the Nomura Group in Yokohama, Japan,
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