Two potential public-private partnership (PPP) projects in the Philippines have been approved for Project Development and Monitoring Facility (PDMF) support. The PDMF Committee convened on August 7, 2020 and approved the project preparation and transaction advisory support for the following projects: (i) the National Economic and Development Authority (NEDA)’s NEDA sa Makati (NsM) Property Redevelopment Project, and (ii) the Department of Health (DOH)’s Bicol Medical Center (BMC) – Medical Arts Building and Upgrading of Health Services.

The NEDA sa Makati (NsM) Property Redevelopment Project involves the construction, operation, and maintenance (O&M) of a new green-design building to be located at NEDA’s property in Makati. The project is expected to increase efficiency and economy in government (NEDA) operations and result in better coordination among NEDA and its attached agencies as their offices are located in one building.

The second project, the Bicol Medical Center (BMC) – Medical Arts Building and Upgrading of Health Services aims to decongest the main hospital’s out-patient department (OPD) patients and laboratory requests effectively enhancing the quality of services of BMC, providing better health outcomes and achieving equitable access to healthcare in Region 5. Further, it will create sustainable revenue sources leading to BMC’s reduced dependence on national subsidy for its operational needs.