With the pending tender for the PPP for the Philippine Orthopedic Center, there is a need for an interested foreign investors who may be interested to invest in this project.
By Donnabelle L. Gatdula (The Philippine Star) Updated September 20, 2012
The socio-economic planning agency said the approvals are headlined by four projects in health, education and land management. The NEDA board is the country’s highest development planning and policy coordinating body.
The first project is the modernization of the Philippine Orthopedic Center (POC), P5.69-billion, of which P5.43 billion will come from private sector funding.
To be implemented through the Public-Private Partnership (PPP) scheme, the project will involve the construction of a 700-bed capacity super-specialty tertiary orthopedic hospital within the National Kidney and Transplant Institute Complex along East Ave., Quezon City.
It will also involve the supply, installation, operations and management of modern diagnostics equipment and IT facilities, as well as the operation and maintenance of the entire facility.
NEDA expects the project to run from July 2013 to June 2038, with 2.5 years for construction and 22.5 years for operation and maintenance.
The second project, amounting to P8.94 billion, will involve the improvement of family health which entails development objective agreement between the Philippines and the US.
Some P6.71 billion of the total would come from combined financing from the United States Agency for International Development (USAID) and official development assistance (ODA).
This project, which will be carried out in 2012 to 2017, will introduce a new health strategy that will focus on three component areas in the health sector where the USAID had demonstrated successful investments and comparative advantage. These components include: family planning and maternal and child health; and tuberculosis (TB) control and multi-drug resistant/extensively-drug resistant TB treatment.
It will also involve assistance for the creation of a comprehensive package of services model to address the highly infective HIV/AIDS among most at-risk population and other infectious diseases may also be provided, should additional funds be made available by USAID.
Another project approved by the NEDA board is the P3.93 billion
Basic Education Assistance for Muslim Mindanao (BEAM-ARMM) which will commence this year until 2018.
The funding of this project will come from ODA and the Australian Agency for International Development.