The National Economic and Development Authority (NEDA) is confident that more financially viable and well-structured public-private partnership (PPP) projects will be delivered following the public…
The National Economic and Development Authority is confident that more financially viable and well-structured public-private partnership projects will be delivered following the publication of the revised 2022 implementing rules and regulations of the Build-Operate-Transfer law last Sept. 27.
Balisacan said the new IRR seeks to balance private and public interests toward meeting the country’s development goals. He said PPP will enable investment in projects connecting leading and lagging regions, which will improve the competitiveness of domestic industries and reinforce the virtuous cycle of attracting even more investments in various sectors.
Led by NEDA and the Department of Finance, the BOT IRR Committee spearheaded stakeholder consultations and deliberations to fine-tune the proposed amendments.
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