A TOP Philippine trade official highlighted the country’s need for more linking infrastructure like rail transits, roads, and airports, in a recently concluded global conference on Public-Private Partnership (PPP) programs in different countries.
On the 23rd Annual Canadian Council for PPPs National Conference (P3 2015) in Toronto, Canada, PPP Center Executive Director Cosette Canilao said transportation projects, both on land and sea, are the country’s present priorities at present.
Canilao played up the urgent need to develop airports and services that would help link up the Philippine archipelago.
She said the private sector could deliver faster infrastructure projects and give better services, helping address infrastructure gaps and building quality infrastructure facilities.
The Indonesian government shared the same need for more government-private tie-ups for mass transportation services like railway transits.
“Our urgent needs are on our LRT and subway system,” said Indonesia’s Ministry of Finance Director General Robert Pakpahan. “Mass transportation system is needed in several of our big cities.”
According to Canilao, the Philippine government has so far awarded 10 PPP contracts to
private partners, while over 40 PPP projects are in the pipeline, including 14 projects under procurement, two rail projects for rollout, and seven projects for approval.
She then presented PPP investment opportunities in the Philippines that Canadian investors and other international companies can look into.
Canilao said the Philippines was recognized in April as “most improved country in Asia Pacific for PPP-readiness” by The Economist Intelligence Unit, citing “better dispute-resolution mechanisms” aside from other “improved regulatory and institutional framework reforms.”
Aside from Indonesia’s Pakpahan, joining Canilao in the Nov. 2-3 global meet were: Asian Development Bank’s principal PPP specialist Trevor Lewis and Scotiabank Managing Director Eugene Tan. Canada’s Department of Foreign Affairs Trade and Development Assistant Deputy Minister Susan Gregson moderated the conference.