THREE public-private partnership (PPP) projects worth a combined P25.86 billion will be up for President Benigno Aquino 3rd’s approval after the Investment Coordination Committee (ICC) gave the go-ahead for these projects on Thursday.
The projects will now be submitted to the National Economic and Development Authority (NEDA) Board headed by President Aquino.
The ICC, chaired by Finance Secretary Cesar Purisima, approved the P14.72 billion BatMan 1 pipeline project, the P9.4 billion Plaridel Bypass Toll Road project and the P1.747 billion Philippine Travel Center Complex (PTCC) to be located in Intramuros, Manila.
BatMan 1 is a project under the Philippine National Oil Co. (PNOC). The bypass toll road is a project of the Department of Public Works and Highways (DPWH) while the travel center complex is under the Department of Tourism (DOT).
The Plaridel Bypass Toll Road is a 23.3-kilometer road starting at the Balagtas interchange in North Luzon Expressway (NLEx) up to San Rafael, Bulacan. The road project will traverse five municipalities of Bulacan–Balagtas, Guiguinto, Plaridel, Bustos, and San Rafael.
The project involves the conversion of the existing road into a toll road. The road will be expanded to a four-lane road and additional interchanges and an overpass/underpass will also be constructed.
Meanwhile, the DOT’s project involves the financing, design, construction and maintenance of a mixed-use, multi modal complex that will house various tourism-related agencies in Intramuros. PTCC is the DOT’s first project under the Aquino administration.
The BatMan1 project under the PNOC will transport natural gas to targeted markets located in the high-growth areas of Batangas, Laguna, Cavite and Metro Manila, delivered through approximately 121 kilometers of transmission pipelines from Batangas to Metro Manila.
The private sector partner will finance, design, construct, operate and maintain the proposed transmission pipeline, install compressor stations, metering stations, valves as well as control stations including supervisory control and data acquisition (SCADA) systems.