President Aquino to push for PPP projects in Belgium
Moving forward with the administration’s core infrastructure projects, the Philippine government, led by the President Benigno S. Aquino III will promote Public-Private Partnership (PPP) projects to investors and partners in Belgium, inviting them to see for themselves why it is more fun in the Philippines.
“We are privileged to be joined by President Aquino in promoting PPP projects, which are anchored on the key pillars of his administration such as transparency, accountability and good governance,” Department of Trade and Industry (DTI) Secretary Gregory L. Domingo said.
The President will keynote the event dubbed as “the PPP Conference on infrastructure Development in the Republic of the Philippines” today (September 16) at the Sofitel Brussels Europe in Belgium. The conference will also have presentations by key government officials, as well as a networking reception.
The conference is organized by the DTI through the Philippine Trade and Investment Center in Brussels, the PPP Center, and the Philippine Embassy in Belgium, and in cooperation with the Association of European Chambers of Commerce and Industry, and the Friends of Europe (Les Amis de l’ Europe).
Domingo said that the conference will bring foreign investors to see infrastructure development opportunities with PPP projects. It will provide an overview of the various PPP projects, the bidding process, the legal framework, and related policies governing these projects.
The PPP has been the seal of the government’s agenda in the development and implementation of its infrastructure program. From the time of its launch, the program continues to attract both local and foreign investors. Currently, it has over 50 projects in the pipeline, with an estimated investment requirement of about US$20.00 billion. A number of these infrastructure projects such as water facilities, rails, airports are ready to be rolled out in the next 12 months.
“With the President speaking before European companies and financial institutions, I am optimistic that this conference will bolster previous interest on PPP projects by European businesses and draw more investments in these projects,” Domingo said.
Domingo noted that these PPP projects will likewise be pushed in various fora of the France and Germany leg of the President’s trip to Europe from September 13 to 20.
“We are hopeful that we are able to draw snowballing interest from potential participants on PPP projects as well as provide an opportunity to partner with local companies,” Domingo said.
From Belgium, the President is set to visit France and Berlin.
“After these series of trips promoting investments, particularly PPP projects in the Philippines, we expect that we will able to relay and instill to potential European foreign investors that the country enables business that cultivates fair and transparent dealings,” Domingo said.
In Spain, the President conducted a series of dialogues with leading infrastructure development business leaders and shared future projects for bidding in the PPP program. (END)