Infrastructure development for our country remains of critical importance to regain and sustain high economic growth, improve the social living standards of the people and remove the bottlenecks to international commerce and investment. The new administration recognizes the Public-Private Partnership (PPP) as an approach to invest resources for adequate road infrastructure. The Government has less resources to invest on Expressways. DPWH will undertake the reforms needed to create a more conducive environment for private business and help generate many more bankable projects.
PPP describes a government service or private business venture which is funded, constructed and operated through a partnership between the government and the private sector. To make PPP projects more attractive to the private investors, the government contributions are in kind. These include provision of capital subsidy; provision of revenue subsidies, including tax breaks; provision of guaranteed annual revenues for a fixed period or transfer of existing assets. The private party provides a public service or project and assumes substantial financial, technical and operational risks in the project.
The Project Management Office Build-Operate-Transfer (PMO-BOT) is tasked to handle PPP projects in the Department. The Office has come up with a short and long list of priority PPP projects proposed for implementation. These priority projects are the outputs of the on-going JICA-assisted Preparatory Survey for Public-Private Partnership Infrastructure Development Project in the Philippines.
EXISTING SITUATION IN METRO MANILA AND NEARBY AREAS