5 PPP projects to be completed before PNoy steps down | ABS-CBN
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5 PPP projects to be completed before PNoy steps down
5 PPP projects to be completed before PNoy steps down
ABS-CBN News
Published Feb 11, 2016 05:43 PM PHT
MANILA - Only five Public Private Partnership (PPP) projects will be completed before President Aquino steps down later this year.
MANILA - Only five Public Private Partnership (PPP) projects will be completed before President Aquino steps down later this year.
The PPP Center said that is a good number already since infrastructure projects really take time, and it has to iron out a lot of details and issues in the process since the PPP program is still new.
The PPP Center said that is a good number already since infrastructure projects really take time, and it has to iron out a lot of details and issues in the process since the PPP program is still new.
"Infrastructure projects really take time to complete," PPP Center executive director Cosette Canilao said on Thursday.
"Infrastructure projects really take time to complete," PPP Center executive director Cosette Canilao said on Thursday.
"The LRT [Light Rail Transit] rails, normally four to six years 'yan bago ma-complete, the bidding process would normally take one year, one and a half," she added.
"The LRT [Light Rail Transit] rails, normally four to six years 'yan bago ma-complete, the bidding process would normally take one year, one and a half," she added.
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Meanwhile, at least six more projects are expected to be approved by the National Economic and Development Authority (NEDA).
Meanwhile, at least six more projects are expected to be approved by the National Economic and Development Authority (NEDA).
Government earlier targeted to award 15 projects before the end of President Aquino's term.
Government earlier targeted to award 15 projects before the end of President Aquino's term.
The PPP Center hopes the PPP Act will be approved soon to promote a faster process for the next administration. -- Report from Jekki Pascual, ANC
The PPP Center hopes the PPP Act will be approved soon to promote a faster process for the next administration. -- Report from Jekki Pascual, ANC
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