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NEWS UPDATES Asean Affairs    July 7, 2017  












Construction industry to gain from infra dev't, says Pernia

Regardless of the mode of funding, the construction sector will reap the most from the massive infrastructure program of the Duterte administration, National Economic and Development Authority Director General Ernesto Pernia said Thursday.

"Allow me to emphasize that our local construction industry have the most to gain, regardless of funding source," Pernia said in his remarks delivered during the Infrastructure and Construction Forum in Makati City.

"Of course, the government expects that participating private contractors are well qualified based on standards set under government procurement, ODA (official development assistance) sources, and PPP (public-private partnership) financiers," he said.

The NEDA chief assured that there will be no bias towards a particular financing mode.
 
"Projects will be pursued based on their established need and readiness. Financing will be evaluated depending on the conditions and circumstances that are most advantageous. We shall take into account each project’s nature, as well as economic, financial and technical considerations," he said.

Pernia explained that for strategic but "long-gestating projects," the government, as a matter of policy, may decide to build the structure through its own funds or through concessional ODA financing, and then tap private sector efficiency and management skills in operations and maintenance.

"For example, a PPP project can be implemented swiftly depending on the procedural savvy of the private proponent, based on its own competence and track record," he noted.

"But the same can be said of ODA projects. For any given project, the government along with its development partners will strive to seek the best available methodologies or technologies that prevail in the market," he added.

Whether the projects will be funded through government budget, ODA from other countries, or PPP mode, Pernia encourage the private sector to engage more with the government in implementing the infrastructure program.

"For our part, the NEDA will set up a Project Facilitation, Monitoring and Innovation (PFMI) Task Force to closely track progress of these infrastructure projects, facilitate resolution of implementation problems, and regularly take up in Cabinet-level meetings specific project concerns," he said.Regardless of the mode of funding, the construction sector will reap the most from the massive infrastructure program of the Duterte administration, National Economic and Development Authority Director General Ernesto Pernia said Thursday. "Allow me to emphasize that our local construction industry have the most to gain, regardless of funding source," Pernia said in his remarks delivered during the Infrastructure and Construction Forum in Makati City. "Of course, the government expects that participating private contractors are well qualified based on standards set under government procurement, ODA (official development assistance) sources, and PPP (public-private partnership) financiers," he said. The NEDA chief assured that there will be no bias towards a particular financing mode. "Projects will be pursued based on their established need and readiness. Financing will be evaluated depending on the conditions and circumstances that are most advantageous. We shall take into account each project’s nature, as well as economic, financial and technical considerations," he said. Pernia explained that for strategic but "long-gestating projects," the government, as a matter of policy, may decide to build the structure through its own funds or through concessional ODA financing, and then tap private sector efficiency and management skills in operations and maintenance. "For example, a PPP project can be implemented swiftly depending on the procedural savvy of the private proponent, based on its own competence and track record," he noted. "But the same can be said of ODA projects. For any given project, the government along with its development partners will strive to seek the best available methodologies or technologies that prevail in the market," he added. Whether the projects will be funded through government budget, ODA from other countries, or PPP mode, Pernia encourage the private sector to engage more with the government in implementing the infrastructure program. "For our part, the NEDA will set up a Project Facilitation, Monitoring and Innovation (PFMI) Task Force to closely track progress of these infrastructure projects, facilitate resolution of implementation problems, and regularly take up in Cabinet-level meetings specific project concerns," he said.



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AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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