Sona: Investors now pay premium to build PPP projects

IN his final State of the Nation Address (SONA) on Monday, President Benigno Aquino 3rd said from having to beg investors to participate in public-private partnership (PPP) projects, the government now receives more than enough offers of premium from private builders scrambling for a part in constructing the needed infrastructure in the country.

“Halos magmakaawa ang pamahalaan sa mga pribadong sector na lumahok sa mga proyekto. Ngayon sila na ang nagbabayad sa atin [In the past, the government had to almost beg the private sector to participate in government projects. Now the private sector is the one paying premium to us],” Aquino said.