Philippines green lights delayed deals

The government of the Philippines has approved a series of PPP deals, which had been blighted by a series of delays.

As reported by PPP Bulletin last week, the government announced that the Mactan-Cebu International Airport, the Cavite Line 1 LRT extension and the Automated Fare Collection System project had been delayed following the recent typhoon that devastated the country – although a number of the projects had been hit with a series of delays prior to the disaster.

However, following a meeting of the National Economic and Development Authority (NEDA) board, the projects have now been cleared, along with the LRT 1 South Extension Project, the MRT 7 rail project and two deals involving the development of two mass transport terminals at the southern outskirts of Metro Manila.

The latter deals will include a new terminal in Taguig City to serve passengers travelling to and from Laguna and Batangas and a new South Coastal Road Terminal near Manila.

In addition, the modernisation of the Philippines Orthopedic Center and the Bulacan Bulk Water Supply Project, which will provide a potable water supply for the concession area of the Metropolitan Waterworks and Sewerage System, have also now been approved.

The news comes as a boost to the country, which has seen severe damage to its infrastructure following the recent typhoon.