Diokno says PPP still an option for public infra
This government is using all possible platforms just to boost construction.
Budget Secretary Benjamin Diokno said the dream of bringing in the “Golden Age of Infrastructure” in the Philippines remains live, with the Duterte administration considering all possible routes to carry out projects.
?To forward the Golden Age of Infrastructure, the government uses all possible funding options including funding through the budget, Public-Private Partnerships (PPP), Unsolicited Proposal subject to Swiss Challenge, and Official Development Assistance (ODA),? Diokno said as he opened the Philippine International Construction Equipment, Building Materials, Interior & Exterior Products Exhibition and Technology Forum.
Diokno, however, said they are still bent on doing a hybrid PPP where government builds and the private sector operates and maintains.
?We cannot afford long delays. President Duterte wants to finish most of the projects within his term. We don?t want unfinished projects,? the Budget chief added.
?Further, with hybrid PPP, the cost of financing is lower, around 2%, and long term, around 30 to 40 years.”
Most of the funding that has been released are from Japan, followed by the Chinese government.