WB: Govt ‘ambitious’ on PPP projects

A World Bank economist said that the Aquino administration “was ambitious” in the pursuance of the private-public partnership (PPP) projects lined up when it first stepped into office, saying that there is “no need” to push projects in its completion within the current administration.

Rogier van den Brink, World Bank lead economist to the Philippines, told reporters on the launch of East Asia and Pacific Economic Update report that, “I think the government was ambitious when they came into office. There was this feeling that there were the projects ready to be pulled out the shelves. And when government started looking, it found that the projects were not yet ready [for completion].