Gov’t to pitch PPPs to investors in UK, US
MANILA – Government is set to present infrastructure projects in the United Kingdom and United States in a bid to bring in potential investors to participate in Public-Private Partnership (PPP) projects.
PPP director Eleazar Ricote said the Philippine delegation will meet with potential investors in Washington D.C., New York City, San Francisco, and London from June 17 to 29.
“The goal is to take advantage of the current keen interest of American firms to invest in the Philippines, highlight the economic gains and opportunities in infrastructure and other growth sectors,” Ricote said.
“In London, we aim to promote PPP infrastructure investments in the Philippines to an audience of high level and senior representatives from UK companies. It also aims to highlight the country’s economic growth and increasing competitiveness not only in ASEAN but in Asia,” he added.
The roadshow in the UK will be held from June 17 to 19, while the US leg is scheduled on June 24 in Washington D.C., June 26 in New York City, and in San Francisco on June 29.
Aside from the PPP Center, representatives from various government agencies including the Department of Finance, Department of Trade and Industry, Department of Public Works and Highways, PPP Center, Bases Conversion and Development Authority, Department of Transportation and Communications, and Bangko Sentral ng Pilipinas will be present at the roadshows.
Members of the National Competitiveness Council and Makati Business Club will also travel to North America and London for the roadshow, which is conducted in partnership with private firms such as Citi, Deutche Bank, Development Bank of the Philippines, Land Bank of the Philippines, Goldman Sachs, HSBC, JP Morgan, Morgan Stanley, Standard Chartered, and UBS.
Since 2010, nine PPP projects with a total indicative cost of P136.37 billion have been awarded so far.
The Aquino administration aims to award 15 more PPP contracts before the end of the President’s term in June 2016.
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