Metro Manila (CNN Philippines, December 28) — The Marcos administration is committed to pursuing more public-private partnerships (PPPs) in the infrastructure sector next year, according to the National Economic and Development Authority (NEDA).
The government would also push this plan at the local level to trigger job creation and bolster the Philippine economy, the Palace said Wednesday, citing NEDA’s year-end report.
READ: Marcos urges LGUs to explore public-private partnerships
Under PPP, projects or services are funded, constructed and operated through a partnership between the government and the private sector.
It’s a tool used by governments to address limited funding resources for local infrastructure or development projects, allowing public funds to be allocated for other priorities.
In July, the Department of Public Works and Highways’s (DPWH) identified 10 priority PPP projects for implementation, including expressways in Cebu and Nueva Ecija, and a major roadway leading to Benguet province.
Aside from PPP, NEDA also reported that the government would undertake the programmatic Investment Coordination Committee (ICC) appraisal and programming of major national projects next year.
It will also finalize the Regional Development Plan, Public Investment Program for 2023-2028, and the Three-year Rolling Infrastructure Plan for 2024-2026.
NEDA would also lead the implementation of the approved Philippine Development Plan 2023-2028.
It also targets to complete the registration of the 92 million Filipinos aged five and above to the Philippine Identification System.
