The Japanese International Cooperation Agency (JICA) represented by Megumi Muto, Deputy Director General for Southeast Asia and Pacific Department, extended its support to the Philippine Public-Private Partnership (PPP) Program through a grant on Technical Cooperation Project for Capacity Development in PPP Project Formulation.
This initiative is set to enhance the Philippine Government, especially the Implementing Agencies's capacity to undertake strategic selection and formulation of PPP projects that will address the infrastructure gap and help achieve sustainable economic development in the country.
The PPP Center will act as the counterpart agency to JICA for this project and will have oversight and coordination functions over its implementation.
Cosette V. Canilao, PPP Center Executive Director, stated:
We are very happy with the increasing support the country's PPP Program is getting from our international development partners. This technical cooperation with JICA is a good opportunity for our various PPP implementing agencies to further strengthen their capacity to deliver solid and bankable infrastructure projects.
The grant targets to strengthen the capacity of key implementing agencies in PPP project formulation, structuring, and implementation. Among the implementing agencies being targeted include the Department of Transportation and Communications, Department of Public Works and Highways, Department of Energy, Department of Justice, and the Department of Health.
The Technical Cooperation is set to be implemented as soon as the procurement of experts is complete, as stipulated in the signed agreement between PPP Center and JICA. The project is targeted to commence in August 2014 and will be completed by the end of 2016.