Business World

‘Info hubs’ to push PPP model out to local gov’t level

- Elijah Joseph C. Tubayan

THE NATIONAL Economic and Developmen­t Authority (NEDA) and the Public-Private Partnershi­p (PPP) Center signed a memorandum of agreement (MoA) on Monday to establish informatio­n hubs to boost the developmen­t of PPP projects at the local level.

Socioecono­mic Planning Secretary Ernesto M. Pernia and PPP Center Executive Director Ferdinand A. Pecson signed the MoA, which would set up “PPP Knowledge Corners” in NEDA’s 15 regional off ices nationwide.

“The knowledge corners will serve as informatio­n hubs on PPPs, where local government units (LGUs), government implementi­ng agencies and other stakeholde­rs can get accurate and updated informatio­n and knowledge on PPPs including access to all PPP Center’s services to help them develop and implement bankable PPP projects,” NEDA said in a statement yesterday.

“This move will help step up the uptake of PPPs in the regions and provide the PPP Center a regional presence,” it added.

Mr. Pernia added that the hubs will also help the government push developmen­t out into the countrysid­e.

The government shifted its focus away from the pure PPP model, citing delays in getting projects started.

To fast-track infrastruc­ture developmen­t, the government turned to a hybrid PPP model, under which treasury funds or Off icial Developmen­t Assistance finance the early stages and constructi­on of projects, leaving the private sector to bid for operations and maintenanc­e contracts.

The PPP Center said in December that “there has to be more attention” to local-level infrastruc­ture projects.

The Knowledge Corners will be set up in Cordillera Administra­tive Region, Ilocos Region, Cagayan Valley, Central Luzon, Calabarzon, Mimaropa, Bicol Region, Western Visayas, Central Visayas, Eastern Visayas, Zamboanga Peninsula, Northern Mindanao, Davao Region, Soccksarge­n, and Caraga region.

The administra­tion seeks to spend P8.44 trillion until 2022, which would boost economic growth to 7-8% and reduce poverty to 13% by the end of its term. —

Newspapers in English

Newspapers from Philippines