Get your InfraPPP & IPP Journal subscriptions: 25% discount from 10 to 27 September 2019 with the code INFRAIPP25
Philippines PPP Center's Executive Director Cosette V. Canilao said yesterday to the local press that the motor Vehicle Inspection System (MVIS) project, which is in the government's pipeline of public-private partnership (PPP) initiatives, is now up for approval of the National Economic and Development Authority and the Investment Coordination Committee -- Cabinet Committee.
An official of the Department of Transportation and Communications' (DoTC) said yesterday that the project structure of the MVIS was finalized just this month.
When the mentioned board approves the plan, the project's implementing agency can bid out the initiative.
The MVIS project will involve the creation of testing centers for heavy duty, light duty and two-wheeler vehicles across the country. According to the PPP Center's Web site, these facilities shall include:
The project will be implemented under the build-operate-transfer scheme. It is estimated to cost P19.30 billion (US$441 million) and will involve a twelve-year cooperation period, inclusive of design and conceptualization.
The PPP Center noted that approximately 7.45 million vehicles are required to be inspected under the provisions of the Clean Air Act and other relevant laws and guidelines. This number is expected to reach 8.5 million by the end of year 2016, 13.35 million by 2021 and 34.75 million by 2036, it said, highligting the project's viability.