Public-private partnerships crucial to infra program

The National Economic and Development Authority (NEDA) on Monday stressed the crucial role of public-private partnerships (PPP) in the success of the government’s infrastructure program, citing the need to raise infrastructure spending in order to boost the investment climate and improve the country’s competitiveness.

“The success of PPPs will ease the burden of the government in providing infrastructure that will subsequently lower the costs of logistics, transportation, and doing business in general,” NEDA Director General Arsenio Balisacan said.