PRESIDENT Ferdinand “Bongbong” Marcos Jr. has urged local government units (LGUs) to look into partnering with the private sector for the financing of projects in their...
PRESIDENT Ferdinand “Bongbong” Marcos Jr. has urged local government units to look into partnering with the private sector for the financing of projects in their respective areas.
“I think this is the way forward, and I encourage all our local government units to be open to the possibilities of PPPs and to have private-public partnerships, especially in your areas,” he said in a meeting with members of the League of Cities of the Philippines in Malacañang on Tuesday, August 2, 2022.Marcos also enjoined the LGUs to take part in his administration’s increased focus on infrastructure.
“Well, you're the local government, you know that already. Local government generally cannot do it by itself. We have to find partners, we have to find local partners, we have to find investors. Sanay na kayo diyan,” said Marcos.
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