Philippine NEDA approves six additional PPP projects
The Philippine National Economic and Development Authority (NEDA) Board approved yesterday six public-private partnership (PPP) projects, Presidential Spokesman Edwin Lacierda said.
1. Philippine Ports and Coast Guard Capability Development Project
- Investment: P5.91 billion
- Department: Department of Transportation and Communications (DOTC)
- Investment: P27.5 billion
- Department: Department of Agriculture
It aims to increase farm and fishery productivity and the incomes in the targeted program areas through the adoption and integration of climate-smart and resilient agriculture support, technologies, tools and systems; and to have a more market-oriented, climate-resilient agro-fishery sector.
The project will be implemented in the next six years in 80 provinces spread out in the 16 regions and would be done in coordination with the World Bank and the Global Environment Facility.
3. Market Transformation through Introduction of Energy Efficient Electric Vehicles Project
- Investment: P21. 672 billion
- Department: Department of Energy
4. Post-Ondoy and Pepeng Short-Term Infrastructure Rehabilitation Project (POPSTIRP)
- Investment: P6.749 billion
- Department: Department of Pubic Works and Highways.
The POPSTIRP involves the use of a P461.2 million savings to implement 15 sub-projects which included eight flood control and seven road and bridges sub-projects in the areas of Pampanga, Tarlac, Nueva Ecija, and Cagayan.
5. Basic Education Sector Transformation
- Investment: P9.4 billion
- Department: Department of Education
6. Pasig -Marikina River Channel Improvement project
- Investment: P5.541 billion
- Department: Department of Pubic Works and Highways.
The Pasig -Marikina River Channel Improvement project involves the second phase of the project which involves the construction and improvement of revetment, parapet wall and appurtenant drainage improvement works along the Pasig River, from Delpan Bridge up to the immediate vicinity of the Napindan Hydraulic Control Structure (NHCS).
Since the launch in November 2010 of the PPP program, a total of three projects worth roughly P28 billion (US$678 million) have already been awarded:Country news
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