P154-B mega projects unveiled in 1st PPP salvo
By Aytch de la Cruz and Ayen Infante 11/19/2010Chanting “the Philippines not for sale!,” protesters yesterday tried but failed to break inside the Marriott Hotel in Pasay City where President Aquino and his team of economic managers were launching his administration’s pet project that aims to attract the biggest local investors to infuse fund into major government projects, the first 10 of which are already worth a total of P154 billion.
President Aquino unveiled vital infrastructure to be opened for private investment, both local and foreign, under the so-called public-private partnership (PPP) program during the “Infrastructure Philippines 2010: Investing and Financing in Public-Private Partnership Projects” conference at a Pasay City hotel.
Transportation and Communications Secretary Jose de Jesus said 10 transportation-related priority projects will be placed on the auction block next year.
“The projects presented today have completed feasibility studies, have completed right of way requirements, and have been budgeted to the required government counterpart for award and implementation by the fourth quarter of 2011”, De Jesus said..... MORE
Source: The Daily Tribune
URL: http://www.tribuneonline.org/headlines/20101119hed2.html
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