THE National Economic and Development Authority (NEDA) reiterated that plans are underway to review implementing rules and regulations (IRR) of the Build-Operate-Transfer (BOT) Law.
During the Management Associations of the Philippines Economic Briefing and General Membership Meeting, Socioeconomic Planning Secretary Arsenio Balisacan said that reviewing the amended BOT Law IRR would address the issues raised in various fora that the rules are hindering investors from participating in public-private partnerships (PPPs).
Bangko Sentral ng Pilipinas Governor Felipe Medalla (right) and Socioeconomic Planning Secretary Arsenio Balisacan (left) speak during the Management Associations of the Philippines Economic Briefing and General Membership Meeting on Friday, August 19, 2022. PHOTO BY RENE H. DILAN