Top business leaders attend PPP investor conference
More than 300 business executives and officials from government, foreign embassies and multilateral institutions, led by Department of Education (DepEd) Secretary Armin Luistro and the Department of Public Works and Highways (DPWH) Secretary Rogelio Singson, attended the recent Investor Conference on the Public-Private Partnership (PPP) for School and Infrastructure Project.
Hosted by the Public-Private Partnership Center of the Philippines (PPP Center), the DepEd and SGV, the conference aimed to address both the current classroom backlog and future classroom requirements by having the private sector finance, design, build and maintain some 10,000 classrooms by July 2013.
The conference consisted of four segments: DepEd Undersecretary Francisco Varela presented the project brief, ACCRALAW Managing Partner Atty. Eusebio Tan presented the bidding process and timetable, Architect Armando Alli presented the Minimum Performance Standards and Project Specifications and SGV Principal Atty. Ronnie Santos presented the Repayment Schemes and Incentives. A lively one-hour forum followed the presentations. Undersecretary John Sevilla and Director Editha Tan of the Department of Finance, Undersecretary Mario Relampagos of the Department of Budget and Management joined Secretary Luistro and the speakers in responding to questions from prospective bidder and funders.
The PPP is a collaboration of public and private entities in the context of infrastructure and other services. Recognizing the private sector’s role as the main engine for national growth and development, the government provides considerable incentives to private resources for financing the construction, operation and maintenance of infrastructure and development projects normally undertaken by the government.