WB: Govt ‘ambitious’ on PPP projects

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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.

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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].

He said that the World Bank supports the government in looking at and studying the implementation of pipeline projects, rather than just “meeting some target.”

Though the financial lender showed support in the implementation, van den Brink suggested the government not to push for the completion of the PPP projects as it can be a “burden to the country,” and not well designed, and that the private sector and the government are “not working very well.”

There are four awarded and ongoing PPP projects since 2010, which include Phase 1 and 2 of a School Infrastructure Project, Daang Hari-South Luzon Expressway Road Link, and Ninoy Aquino International Airport Expressway.

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