PH PPPs attract strong investor interest

The current PPP program is attracting serious investor interest judging from 2 of the 8 scheduled to be bidded this year.

From BusinessWorld Philippines

September 17, 2012

Investors keen on PPP projects; gov’t intent to roll out 8 this year

TWO PUBLIC-PRIVATE partnership (PPP) projects were met with overwhelming interest from investors as the government reiterated that it was sticking to a goal of rolling out eight projects this year.

“For the LRT1 (Light Rail Transit Line 1) project, we have more than 33 interested parties who bought the pre-qualification documents,” Cosette V. Canilao, executive director of the PPP Center of the Philippines, said at the Philippine Economic Briefing yesterday.

“For the NAIA (Ninoy Aquino International Airport) Expressway, there were already 17 parties who bought the pre-qualification documents, she added.

Ms. Canilao was referring to the P59.2 billion LRT1 Cavite Extension and Operation and Maintenance (O&M) and the P15.86 billion NAIA Expressway projects rolled out earlier this year.

Aside from local firms, Ms. Canilao said that foreign parties have bought pre-qualification documents for NAIA, LRT 1 including several Japanese firms, a British firm, and one or two Chinese firms.

But the number of parties for both parties is expected to decrease, as the firms are expected to form groups or partnerships, she added.

In a report handed out during the Philippine Economic Briefing yesterday, the following projects were tagged as in the process of securing government approvals or the go-signal for roll out: the $128.3 million Modernization of Philippine Orthopedic Center; $11.3 million Vaccine Self-sufficiency Project Phase II; and the $468.8 million Cavite-Laguna Expressway project.

The deadline for submission of prequalifying documents for the LRT1 Cavite Extension and O&M project is on Sept. 28. It was previously reported that Ayala Corp., Metro Pacific Investment Corp., DM Consunji, Inc., and SMC Infra Resources, Inc. were among parties that had already purchased bid documents.

Meanwhile, interested parties for the NAIA Expressway project should submit their prequalifying documents on or before Sept. 25. Companies San Miguel Corp., DM Consunji, Inc., Macquarie Capital Securities (Phils.), Inc., Metro Pacific Tollways Corp., and Ayala Corp. were among those that have bought documents for the project. — Kathleen A. Martin

Article location : http://www.bworldonline.com/content.php?section=Economy&title=Investors keen on PPP projects; gov’t intent to roll out 8 this year&id=58613

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