Australia increases support to Philippine PPP program
The Australian government is extending funding to the Philippines to support the Public Private Partnership (PPP) program.
Australian Minister for Foreign Affairs Julie Bishop said in a meeting with other colleagues they are providing A$170 million to the country to fund programs on infrastructure and education.
She said the Australian government is providing a further $2.5 million to support the PPP program, which would bring Australia's total contribution to the PPP fund to $30 million.
Aside from the PPP program, she said, Australia is also providing A$150 million to support the education sector.
The PPP Center has a Project Development and Monitoring Facility (PDMF), which funds the preparation of pre-feasibility and feasibility studies, project structuring, as well as preparation of bid documents and draft contracts for potential PPP projects.
The Government of Canada and the Government of Australia, through the Asian Development Bank, provided funding for the Project Development and Monitoring Facility. The Philippine Government also contributed to the fund.
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