A “substantial portion” of infrastructure projects recommended by the private sector had either been completed or in the process of completion, President Ferdinand R. Marcos reported on Thursday.
“I’m happy to note that the recommendations that were given to us by the Private Sector Advisory Council were essentially many of the things that we we’re already doing,” the President said after meeting with PSAC, where he also provided updates on Public-Private Partnerships infrastructure projects.
“The list of recommendations that they gave, I would say half of them, are either in progress or have been completed. So we are once again moving in the right direction together with our private sector partners,” the President added. The proposals also include the rehabilitation of the Ninoy Aquino International Airport through PPP this year, fast tracking the award process for projects under the Original Proponent Status by 2023, and the development of Aerodrome Strategy for the country’s aviation sector involving the private sector.
PSAC also wants the rationalization of the secondary price caps, strengthen local government units to facilitate energy project implementation, and connect small power utility groups to the grid.
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