Philippines' PPP Center approves support for port and cultural centre projects

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

The Project Development and Monitoring Facility (PDMF) Committee of the Philippines' Public-Private Partnership Centre has approved the provision of project development, transaction advisory and management of competitive challenge support for three upcoming PPP projects.

The projects are: the Cultural Center of the Philippines (CCP) Asset Development Project, the Davao Sasa Port Modernization Project, and the Development, Operation and Maintenance of the General Santos Port Project.

The CCP Asset Development Project involves the redevelopment of a 57.08-hectare area within the CCP Complex in Pasay City into a “smart city” composed of iconic buildings envisioned to serve as venues for various cultural and artistic endeavors. The approved PDMF support for this project includes the development of a feasibility study, and project assistance and advisory from procurement to financial close.

The PDMF support for the Davao and General Santos Port projects, on the other hand, shall focus on providing assistance in managing the competitive challenge process for the two unsolicited joint venture proposals. The proposals involve the rehabilitation, upgrading, and operations and maintenance of the Davao Sasa Port and the Port of General Santos, respectively.

The PDMF Committee is the approving body for project support applications to the PDMF, a revolving fund used to engage consultants to help develop bankable PPP projects and ensure effective monitoring of project implementation.

Share this update