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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: