Philippines analyzes lifting foreign ownership limit in PPPs
The government of Philippines plans to relax foreign ownership restrictions, stated in the Constitution, to encourage the use of public-private partnerships (PPP) and to attract foreign investment.
Currently, the Philippine constitution limits foreign ownership of property to 40%. The government aims to increase this limit in order to create greater competition and open the economy.
According to the government there are only a few companies bidding in most of the tender processes. Not many foreign companies are actually bidding for the projects. Lifting foreign ownership restrictions could be a solution.
The Philippine Congress is currently studying how to implement these changes.
The Philippines has been consistently working on PPP projects during the last three years. The Philippine Government has created a solid and robust pipeline of projects.
Eight PPP projects have been awarded, so far:- Daang Hari-South Luzon Expressway Link Road;
- Ninoy Aquino International Airport Expressway;
- First phase of the PPP for School Infrastructure Project (PSIP);
- PSIP's second phase;
- Philippine Orthopedic Center modernization;
- Automatic Fare Collection System; and
- Mactan-Cebu International Airport Passenger Terminal Building.
- NAIA Expressway PPP project
- Integrated Transport System (ITS) Project-Southwest Terminal;
- ITS Project-South Terminal;
- Bulacan Bulk Water Supply Project;
- Cavite-Laguna Expressway;
- LRT Line 1 Cavite Extension Operation & Maintenance;
- Laguna Lakeshore Expressway-Dike PPP project; and
- LRT Line 2 Operations and Maintenance (O&M) PPP project
Country news
-
-
October 06, 2014
PPP contract signed for Manila LRT 1 project
LRT-1 line in ManilaThe team formed by Metro Pacific Investments Corporation (MPIC), Ayala Corporation and Macquarie Infrastructure Holdings (Philippines) Pte Ltd signed with the Philippine government the concession agreement for the $1.45-billion Light Rail Transit 1 (LRT1) Cavite extension project on Thursday, October 2.The team was the lone bidder for the public-private partnership (PPP) project. The consortium is led by MPIC (55%) with Ayala (35%) and Macquarie (10%). Read more -
October 07, 2014
Request for qualifications launched for New Centennial Water Source - Kaliwa Dam Project
The Metropolitan Waterworks and Sewerage System (MWSS), a Philippine government-owned and controlled corporation, and an attached agency of the Philippine Department of Public Works and Highways (DPWH), is inviting interested parties to apply for pre-qualification and bid for the design, financing and construction of dam and raw water conveyance structure for the New Centennial Water Source - Kaliwa Dam Project (NCWS-KDP). Read more -
October 07, 2014
Megawide secures project finance for PPP projects
In early September we had already reported that the firm was raising funds for the development of the P17.50-billion (US$400 million) airport project. Read more -
October 20, 2014
Philippines extends deadline for pre-qualification of Laguna Lakeshore project bidding
The Philippine Department of Public Works and Highways (DPWH) has extended the deadline for the submission of pre-qualification documents for the P122.8 billion (US$2.8 billion) Laguna Lakeshore Expressway-Dike PPP project. Read more -
October 22, 2014
Philippines approves 6 new PPP projects
The government of Philippines, through the National Economic and Development Authority (NEDA), has approved 6 new PPP projects worth P164.1 billion (US$3.67 billion). Read more
