National Economic and Development Authority (Neda) Undersecretary for Investment Programming Joseph J. Capuno told a briefing of local media that the government is looking to establish an “omnibus” PPP law that will focus on appropriate risk allocation between parties.
Earlier this year, the government made amendments to the existing build, operate, transfer (BOT) law, but the administration is keen to encourage greater private involvement in its infrastructure plans and wants to include a wider variety of potential PPP models.
Already this month, the government has approved three projects to be delivered under a design, build, finance, operate and maintain (DBFOM) model.
The Philippines had used a range of PPP approaches prior to the election of Rodrigo Duterte to president, who favoured the BOT model as a faster procurement method. However, since Ferdinand "Bongbong" Marcos Jr was elected president earlier this year, the government has looked to move to expand the use of PPP across the country.