ASEAN KEY DESTINATIONS
World Bank may give more aid for PPP
"I still haven't seen the government's priority projects. We are very excited with the PPP and we hope we can be part of it," Bert Hofman, World Bank country director, told reporters.
He said President Benigno Aquino 3rd and World Bank President Robert Zoellick will meet in New York during the Philippine leader's US visit.
"Hopefully, there will be a high level of agreement . . . maybe an increase of financial support for the Philippines and will go to the PPP agenda and other social projects," Hofman said.
Under its Country Assistance Strategy for the Philippines 2010 to 2012, the World Bank will provide $700 million to $1 billion a year for the next three years.
Its private-sector financing arm, International Finance Corp., would set aside $250 million to $300 million a year.
The National Economic and Development Authority (NEDA) estimated that the government's PPP initiative would require up to P739.78 billion in investments.
NEDA said the government will roll out next year 10 PPP projects requiring P127.8 billion in investments.
For 2012 and beyond, the government identified 73 projects for its PPP portfolio.
Of these, 28 projects requiring P263.5 billion in investments will be up for competitive selection.
In the power sector alone, 43 projects will be lined up for PPP with an indicative amount of P348.5 billion.
For next year, PPP projects include the P70 billion Metro Rail Transit (MRT)/Light Rail Transit (LRT) expansion project, P11.3 billion MRT Line 2 Extension, P7.54 billion New Bohol Airport, P4.36 billion Puerto Princesa Airport, P21 billion NLEX-SLEX Link Expressway, P10.5 billion CALA Expressway- Manila side section, and P3.08 billion Daraga International Airport.
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