PPP Center...

tion advisors and even consultants post-award,” Canilao said. “We’ve also introduced there the project of national status or significance.”

Canilao also said Congress should prioritize the amendments as this will shield PPP projects from any adverse local government action in the future.

“We’ve also clarified the mechanism the unsolicited proposals, like the two to six months to give challenger enough time for due diligence. There are several features for future amendments to remove the roadblocks,” she said.

The proposed BOT law amendments is one of the priority measures of President Aquino. “We’re closely working with the leaders of both houses that this is taken up in the next few months,” Canilao said. Earlier, several foreign and local business groups called for the swift enactment of amendments to BOT law.

Among the groups that push for the amendments are Joint Foreign Chambers (JFC), Management Association of the Philippines and the Makati Business Club.The JFC is composed of the American, Australian- New Zealand, Canadian, European, Japanese and Korean Chambers in the Philippines and the Philippine Association of Multinational Companies Headquarters, Inc.

The coalition represents over 3,000 member companies engaged in over $230 billion worth of trade and some $30 billion worth of investments in the Philippines.

The PPP, a flagship program under the Aquino administration, seeks to accelerate infrastructure development to allow the country to attain inclusive growth.