Philippines, Singapore sign MoU for local PPPs

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

The Public-Private Partnership (PPP) Center of the Philippines and the Singapore-based Infrastructure Asia signed a Memorandum of Understanding (MOU) on September 9, 2019, to assist local implementing agencies (LIAs) in the Philippines to develop and implement their PPP projects.

In a ceremony held at Malacañan Palace that coincided with the state visit of Singaporean President Halimah Yacob to the Philippines on, PPP Center represented by Undersecretary and Executive Director Ferdinand A. Pecson and Infrastructure Asia led by Executive Director Tan Keng Hwee Seth signed the MOU in the presence of officials and delegates from the Philippines and Singapore.

Through the MOU, Infrastructure Asia will collaborate with the PPP Center to help facilitate the implementation of the latter’s Local PPP Strategy by sharing knowledge and international best practices on capacity building and policy formulation, including the development of PPP guidelines on focus areas such as healthcare, water supply, and waste management. Infrastructure Asia will tap key Singapore-based infrastructure players to support these initiatives.

The PPP Center, on the other hand, will collaborate with Infrastructure Asia to support them and its partners in their work arising from this MOU, as well as to support and facilitate coordination between Infrastructure Asia and LIAs.

The Center’s Local PPP Strategy aims to tap private sector financing, expertise, and efficiencies into local and regional development and service delivery. This partnership is expected to encourage more LIAs to engage in infrastructure development and look at PPP as one of their infrastructure delivery strategies.

The PPP Center is the Philippines’ central coordinating and monitoring government agency for all PPP projects. The agency also provides, among its other functions, project advisory and facilitation services to both national and local implementing agencies to help them develop and implement critical infrastructure and other development projects. On the other hand, Infrastructure Asia was established by Enterprise Singapore and Monetary Authority of Singapore to support infrastructure financing and development in the region.

List of the country updates

Country updates

  • August 29, 2019

    Makati LGU, PH Infradev Holdings sign deal to develop Makati City Subway

    The City Government of Makati in the Philippines has signed a joint venture agreement with Philippine Infradev Holdings, Inc. (formerly IRC Properties, Inc.) for the development of the city&rsquo...

    Read more
  • August 29, 2019

    Philippine's DOTr endorses NAIA Consortium proposal for NAIA rehab

    The Department of Transportation (DOTr) of the Philippines has endorsed the proposal submitted by a super consortium of seven conglomerates called NAIA Consortium for the rehabilitation of t...

    Read more
  • August 23, 2019

    USD14bn airport project awarded in the Philippines

    The Government of the Philippines through the Department of Transportation (DoTr) has issued the notice of award to San Miguel Holdings Corp. (SMHC) for the development of a PHP 734 billion...

    Read more
  • August 14, 2019

    IFC, Singapore support PPP plans for Philippine's Universal Health Care (UHC) Law

    The International Finance Corporation (IFC) and the Government of Singapore have expressed support for the implementation of the Universal Health Care (UHC) Law in the Philippines through the&nbs...

    Read more
  • July 25, 2019

    USD3.5bn intra-city subway project in Philippines approved

    Makati city council in Philippines has approved the PHP 178 billion (US$ 3.5 billion) Makati intra-city subway PPP project on July 19, 2019. The project includes construction, operation, and managemen...

    Read more

Share this update