THE Department of Transportation and Communications (DOTC) will present six projects worth P210 billion to the National Economic and Development Authority (NEDA) on Friday.
“Tomorrow [Friday], we have six: Clark Terminal, Naga Airport, Metro Manila BRT, LRT4 or the Ortigas-Taytay, LRT6 or the Bacoor-Dasmariñas and NAIA . . . Big ones,” Transportation and communications Secretary Emilio Joseph Abaya told reporters on Thursday.
The estimated cost for each is as follows: LRT 6 (P64 billion), LRT 4 (P50.15 billion), NAIA Development (P74.56 billion), Clark Passenger Terminal (P13.34 billion), Naga Airport (P3.5 billion) and Metro Manila BRT (P4.9 billion).
“The only public-private partnerships there are the NAIA, LRT6 and LRT4,” Abaya noted.
“Government would spend for the O&M [Operation & Maintenance] would be PPP way after this. So [the]government would spent for the infra of the Bus Rapid Train [BRT], similar to Cebu.”
PPP Executive Director Cosette Canilao noted that an Asian Development Bank study for 2010-2020 shows that the Philippines has $127 billion worth of infrastructure need, of which $24 billion is already in the pipeline, $4.4 billion has been awarded, and $19 billion for bidding.
In a separate briefing, Canilao noted the Cebu Action Plan—a development roadmap drafted by the Philippines—and will be pushed for adoption by members of the Asia Pacific Economic Cooperation (APEC).
The action plan will be launched during the APEC Finance Ministers’ Meeting in Mactan Cebu on September 10-11.
Infrastructure development and financing is the last of the four pillars of the CAP. The other pillars are financial integration, fiscal reforms and transparency, and financial resilience.
“Through the Cebu Action Plan we aim to be able to attract more investors to our PPP projects,” Canilao said.