The Philippines encouraged Singaporean companies to invest in the country’s public-private partnership (PPP) projects during the Philippines-Singapore Business Council Forum held on Thursday.
“There are 11 PPP projects that are under procurement with an indicative total cost of P279.92 billion [$6.3 billion],” PPP Center executive director Cosette Canilao said.
Canilao showcased the PPP investment opportunities that the country is currently offering to international and local investors.
In December 2014, the Department of Transportation and Communications (DOTC) published the invitation to pre-qualify and bid for the development, operation and maintenance of six airport PPP projects, namely the Laguindingan, Davao, Bohol, Iloilo, Bacolod and Puerto Princesa airports.
These airport projects were identified by World Bank’s Singapore Infrastructure Hub as essential infrastructures to realize the Master Plan for ASEAN Connectivity (MPAC).
Twenty-nine PPP projects are to be pursued by the DOTC while the Department of Public Works and Highways (DPWH) haas twelve (12) projects.
The Department of Health (DoH), Department of Education (DepEd), Metropolitan Waterworks and Sewerage System (MWSS) and other government agencies will implement the rest of the projects in the current pipeline.
As of January, there are 61 PPP projects in the pipeline.
The government issued its 9th notice of award (NOA) on January 23 for the Integrated Transport System (ITS)-Southwest Terminal PPP project to MWM Terminals, a consortium of Megawide Construction Corp. and WM Property Management Inc. A pre-bid conference on February 9 is set for the South Terminal of the ITS PPP project.
DPWH Secretary Rogelio Singson, DOTC Secretary Joseph Emilio Abaya, and other government officials also attended the forum. Filipino business groups included SyCip Gorres Velayo & Co. (SGV) chairman Cirilo Noel while the Council’s vice chairman Fernando Zobel de Ayala closed the two-day event.
The Philippines-Singapore Business Council Forum aims to identify and develop areas of cooperation between both countries’ private sectors.