The government of Philippines has announced that procurement of the much-anticipated Regional Airport PPP Projects has been terminated.
Infrastructure/PPP news in Philippines
The Philippines' Department of Labor and Employment (DOLE) has reiterated the government’s preference for “hybrid” public-private partnership (PPP) deals in which the government would build the infrastructure projects and later bid out the operation and maintenance (O&M) to the private sector.
The Philippine Department of Transportation (DOTr) has extended the deadline for the submission of qualification documents for the Philippine Regional Airports Development, Operations and Maintenance project under the public-private partnership (PPP).
The Philippine PPP Center has approved fund support to conduct the feasibility study and transaction advisory services for the operation and management of the Cebu Bus Rapid Transit (BRT) project.
The Asian Development Bank (ADB) has commited to the Philippine's government of US$100 million to finance feasibility studies on infrastructure projects rail, bridge, irrigation and road sectors.
The Asian Development Bank (ADB) and the Export-Import Bank of Korea (KEXIM) have signed a memorandum of understanding (MOU) to co-advise on public-private partnerships (PPPs) in Asia and the Pacific.
The Philippine Department of Transportation (DOTr) has launched a tender process to seek bidders for the Development, Operations and Maintenance of the five unbundled airport projects namely Bacolod-Silay, Davao, Iloilo, Laguindingan, and New Bohol (Panglao) under public-private partnership (PPP) scheme.
The Department of Public Works and Highways (DPWH) of the Philippines has decided to re-tender the Laguna Lakeshore Expressway-Dike Project, after a failed bidding in March 2016.
The Monetary Board (MB) has announced that the additional 25 percent Single Borrowers’ Limit (SBL) available to banks and quasi-banks which can be tapped to finance Public-Private Partnership (PPP) projects has expired on 28 December 2016.
The Philippine Stock Exchange has issued the new listing and disclosure rules applicable to companies engaged in PPP projects, supporting the Philippines Government's efforts to sustain the country's economic growth through sustainable partnerships with the private sector for infrastructure development.
The Department of Public Works and Highways (DPWH) and Manila North Tollways Corporation (MNTC) has signed the concession agreement on November 23, of the North Luzon Expressway-South Luzon Expressway (NLEX-SLEX) Connector Road Public-Private Partnership (PPP) Project.
The Philippine National Economic and Development Authority (NEDA) Board has announced the approval of eight projects.
MTD Philippines, a subsidiary of infrastructure conglomerate AlloyMTD of Malaysia and A Brown Company (BRN) of the Philippines have announced that a consortium formed by both companies is to submit an unsolicited proposal for East-West rail PPP Project in Manila.
The Philippine National Economic and Development Authority (NEDA) Board has announced it has approved the New Nayong Pilipino at Entertainment City Public Private Partnership (PPP) project after it was endorsed by the Investment Coordination Committee.
The National Economic and Development Authority (NEDA) has announced it has named Ferdinand A. Pecson as new Executive Director of the Public-Private Partnership Center of the Philippines.
Regulators have allowed companies building infrastructure projects under the government’s public-private partnership scheme to list shares on the stock exchange, according to rules released this week.
METRO Pacific Tollways Corp. (MPTC) — the tollways arm of Metro Pacific Investments Corp. (MPIC) — is pushing through with its plan to borrow around PHP30 billion (US$620 million) from banks by the first quarter of next year to fund the construction of its two projects — the Cavite-Laguna Expressway (CALAX) and Cebu-Cordova toll bridge.
The British government awarded a grant worth £90,112 (US$110.035) to the Philippines through the Public-Private Partnership Center (PPPC) to further support the country’s PPP program and attract participation of foreign investors in PPP projects.
The Philippine Public-Private Partnership (PPP) Center announced it has changed the scope of the Light Rail Transit Line 2 (LRT-2) PPP project by including a 3.9-kilometer extension from Recto Avenue to Pier 4 in Manila.
The Mindanao Development Authority (Minda) plans to create its own Private-Public Partnership (PPP) Unit to complement with the PPP Center in the Central Office in Manila (Philippines).