Metro Manila (CNN Philippines, June 3) — President Ferdinand Marcos Jr. signed an executive order (EO) adding a private sector representative to the Governing Board of the Public-Private Partnership (PPP) Center.
Signed on June 1, the EO aims to strengthen private sector participation in the PPP Center’s governing body by adding a member who comes from \” a reputable organization in the banking, business, or infrastructure sector,\” to be appointed by the President.
This representative will take the place of the Private Sector Co-Chairperson of the National Competitive Council (NCC), who used to sit in the PPP Center’s board until 2018 when the position became non-existent after the NCC was reorganized into the Ease of Doing Business and Anti-Red Tape Advisory Council.
The PPP Center’s mandate is to facilitate the implementation of the country’s PPP programs and projects.
The PPP Governing Board is the policy-making body for all PPP-related matters and sets the strategic direction of the PPP program. It is also tasked to manage the Project Development and Monitoring Fund which facilitates the pre-investment activities of potential PPP projects.
The board also sets the strategic direction of the PPP program and creates enabling policies and institutional environment for PPP.
