31 EOIs submitted for Philippine Transaction Advisory Panel

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
31 EOIs submitted for Philippine Transaction Advisory Panel

The Philippine PPP Center has announced that it has received thirty-one expressions of interest (EOI) from national and international firms for its Panel of transaction advisors.

The accepted firms will bid to provide project preparation and transaction support services for PPP projects under the Project Development and Monitoring Fund (PDMF).

The PPP Center's press release said:

"This is in an indication of the international consulting industry's confidence in the success of the PDMF as the Philippine PPP Program's main facilitator of diligent PPP project structuring and procurement."

The expansion and reconstitution is timely as more implementing agencies are drawn to the PDMF as their source of the much needed experience and expertise in pursuing critical infrastructure and development projects. Eleven projects have recently been granted PDMF support and are now for procurement of project preparation  and transaction support consultants from the PDMF panel.  Five projects applying for PDMF support are also lined up for the upcoming PDMF Board Meeting.

Usec. Cosette Canilao, PPP Center Executive Director, said:

"Since its inception in 2010, the PDMF has already proven its critical value towards ensuring that projects are diligently structured and procured, with the benefit of international experience and expertise.  The actual projects that went on to successful award and the very encouraging response from international bidders are real and the implementing agencies now recognize this."

To date, the PDMF has provided transaction advisors to twenty-three out of the fifty-four projects under the PPP pipeline. Five out of seven successfully tendered PPP projects have been supported by PDMF. As a revolving fund, PDMF reimbursements or reflows amounting to US$6.2 million, have already been received from the successfully tendered projects.

Established in 2010, the PDMF had initial funding of USD7 million put in by the government. Through an Asian Development Bank (ADB) administered Technical Assistance to the Philippine PPP Program, contributions (USD6 million and USD12 million) from the Australian Government were later added.

The Philippine government also put in an additional counterpart contribution of USD37.5 million. The total available fund of the PDMF is now at USD 62.5 million and is currently being tapped to support projects in the PPP pipeline.

List of country news

Country news

  • May 14, 2014

    Equis Funds Group partners for renewable projects in the Philippines

    One of Asia's largest independent energy and infrastructure private equity fund managers, Equis Funds Group, has partnered with Philippines-based Asian Greenenergy Corp to build a 12-megawatt (MW) solar plant in Bukidnon, Mindanao. Read more
  • May 15, 2014

    Philippines delays bids for Cavite Laguna road PPP

    The Philippine Department of Public Works and Highways (DPWH) has moved the bid submission deadline by more than a week for the P35.42-billion (around US$800 million) Cavite Laguna Expressway (CALAX) after prospective bidders sought additional time to prepare their offers. Read more
  • May 19, 2014

    Philippines approves funding for feasibility of 5 PPP projects

    The Philippine Project Development and Monitoring Facility (PDMF) Committee has granted funding support to five more PPP projects. These include the bus rapid transit (BRT) linking R1 and R10, development of the Ninoy Aquino International Airport, Land Transportation Franchising and Regulatory Board (LTFRB) computerization project, food processing terminal in Clark, and the preservation and restoration of heritage sites in the City of Manila. Read more
  • May 30, 2014

    Macquarie - Ayala - MPIC submits only bid for Manila LRT PPP

    The Philippine Department of Transportation and Communications has announced that a consortium led by Ayala Corp has submitted the only bid for Manila LTR Line 1 extension through a PPP project. Read more
  • June 03, 2014

    Four bids in for CALAX PPP project

    The Philippine Department of Public Works and Highways (DPWH) has announced that it has received four bids for the P35.42-billion (around US$800 million) Cavite Laguna Expressway (CALAX). Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.