Philippines analyzes lifting foreign ownership limit in PPPs

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Philippines analyzes lifting foreign ownership limit in PPPs

The government of Philippines plans to relax foreign ownership restrictions, stated in the Constitution, to encourage the use of public-private partnerships (PPP) and to attract foreign investment.

Currently, the Philippine constitution limits foreign ownership of property to 40%. The government aims to increase this limit in order to create greater competition and open the economy.

According to the government there are only a few companies bidding in most of the tender processes. Not many foreign companies are actually bidding for the projects. Lifting foreign ownership restrictions could be a solution.

The Philippine Congress is currently studying how to implement these changes.

The Philippines has been consistently working on PPP projects during the last three years. The Philippine Government  has created  a solid and robust pipeline of projects.

Eight PPP projects have been awarded, so far:Seven others have been rolled out:

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