MANILA, Philippines--Foreign lending institutions, including the World Bank and the Asian Development Bank, will be asked to provide assistance to private sector companies that may want to invest in infrastructure projects of the national government.
Finance Secretary Margarito Teves said the proposal to the funding agencies will be formally raised in this year's Philippine Development Forum (PDF) to be held from March 27 to 29.
PDF is an event where government officials and representatives from foreign funding agencies meet to discuss projects that may be financed by official development assistance (ODA).
"The government wants private sector to be more involved in public infrastructure projects," Teves told reporters.
Economic managers earlier said the government wants private sector to be involved in more build-operate-transfer projects and other public infrastructure.
This way, the government may get to focus on vital projects while it addresses budgetary constraints.
Teves said private sector firms would be encouraged to invest in public projects if they could secure the loans.
Foreign funding agencies may help government undertake vital projects if they choose to lend to the private sector.
Teves said foreign funding agencies may also help in the form of providing guarantees to loans secured by private firms investing in government projects.
The government earlier identified some projects that the private sector may invest in: the Panguil Bay Bridge, the LRT Line 1 North Extension Project, the Tarlac-La Union Toll Expressway Phase I, the MWSS Bulk Water Supply Project, the Wawa River Project, the operations and maintenance of the Subic-Clark-Tarlac Expressway Project, and the privatization of the Ambuklao-Binga Hydroelectric Power Plants.
Finance Secretary Margarito Teves said the proposal to the funding agencies will be formally raised in this year's Philippine Development Forum (PDF) to be held from March 27 to 29.
PDF is an event where government officials and representatives from foreign funding agencies meet to discuss projects that may be financed by official development assistance (ODA).
"The government wants private sector to be more involved in public infrastructure projects," Teves told reporters.
Economic managers earlier said the government wants private sector to be involved in more build-operate-transfer projects and other public infrastructure.
This way, the government may get to focus on vital projects while it addresses budgetary constraints.
Teves said private sector firms would be encouraged to invest in public projects if they could secure the loans.
Foreign funding agencies may help government undertake vital projects if they choose to lend to the private sector.
Teves said foreign funding agencies may also help in the form of providing guarantees to loans secured by private firms investing in government projects.
The government earlier identified some projects that the private sector may invest in: the Panguil Bay Bridge, the LRT Line 1 North Extension Project, the Tarlac-La Union Toll Expressway Phase I, the MWSS Bulk Water Supply Project, the Wawa River Project, the operations and maintenance of the Subic-Clark-Tarlac Expressway Project, and the privatization of the Ambuklao-Binga Hydroelectric Power Plants.
.jpg)
No comments:
Post a Comment