President Ferdinand Marcos Jr. has added a private sector representative to the Public-Private Partnership Governing Board to boost private sector participation in PPP projects, including big-ticket projects of the administration. | NCorralesINQ /PDI
But the NCC was reorganized and became the Ease of Doing Business and Anti-Red Tape Advisory Council under Republic Act No. 11032 in 2018.
Under the new EO, the Socioeconomic Planning Secretary will serve as the PPPGB chair while the secretaries of finance, budget, justice, trade, and the executive secretary would serve as vice chairperson. The EO said the chairperson and three other board members would constitute a quorum and a majority vote of the members present would be needed for the adoption of any issuance, order, resolution and decision.According to the EO, the PPPGB will be “responsible for setting the strategic direction of the PPP Program and creating an enabling policy and institutional environment for PPP.”
The National Economic and Development Authority Board, which is chaired by the President, approved in March 194 high-impact priority projects worth P9 trillion as part of the government’s “Build Better More” program. Socioeconomic Planning Secretary Arsenio Balisacan said 123 of the 194 infrastructure flagship projects were new, adding that the government would speed up their rollout by strongly promoting the use of the PPP scheme.The PPP mode allows private financiers to finance government projects, such as hospitals, airports, tollways, and then allows them to collect fees from users during the duration of the contract.
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