PPP regulatory framework

The Philippines adopted a Build-Operate-Transfer law rather preparation, 85 in procurement, 84 in contract management.

- provements that can help govern provide better PPP procurement and enable better infrastructure service delivery to all.

Overall, the report found that practices within the economies surveyed leave considerable room for improvement. “For instance, in only 23 percent of the economies does the regulatory framework actually detail a procedure for ensuring that the of PPPs is consistent with public investment priorities.”

In the Philippines, procurement authorities must prepare infrastructure or development - ity projects that may be developed as PPPs, it said.

As such, the Philippines must ensure that the list of priority projects is consistent with the Philippine Development Plan, the Provincial Development Plan, and the Physical Framework Plan.

The government must submit the list to the National Economic and Development Authority Board or the Investment Coordination Committee for approval.

Among the surveyed economies, the report noted market assessment was the least commonly required appraisal.

“In the Philippines … the PPP Center and the procuring authority must perform a market-sounding process to determine the interest of private sector operators, taking into account different scenarios for revenue and economic growth in the short, medium, and long terms,” it said.