The Asian Development Bank (ADB) approved on Friday a USD30 million loan to support public-private partnership (PPP) projects in the Philippines.
In a statement, the ADB said the amount will be used to replenish the Project Development and Monitoring Facility (PDMF) managed by the government’s Public–Private Partnership Center (PPPC).
The PDMF is a revolving fund for the preparation offered to implementing agencies, procurement advisory, support services in preparation, structuring, development, probity management, and all necessary work to get the project developed and move on to implementation work.
The loan will also be used to enhance the capacity of implementing agencies and local government units (LGUs) to develop and manage projects, the ADB said.
The amount will be used to support a total of 35 national and local PPP projects from 2025 to 2029, with all projects undergoing climate risk screening and management to ensure alignment with the Philippines’ nationally determined contribution.
These projects will cover railways, roads, and transport network improvements, as well as essential community facilities, contributing to the improvement of living standards for Filipinos.
“The Philippines is considered one of the leaders in the Asia and the Pacific region in the use of PPPs as a modality for addressing infrastructure gaps and pursuing sustainable growth and development,” said ADB Philippines Country Director Pavit Ramachandran.
“Through this new loan, ADB is helping ensure the continuous preparation of bankable and feasible climate-resilient PPP projects in the country as well as the availability of global expertise for successful PPP implementation,” he added.
A comprehensive capacity building program in developing PPP projects will be created for the PPPC, implementing agencies and LGUs.
The loan will also support the establishment of a project evaluation framework in emerging PPP sectors to meet diverse and expanding PPP demands, as well as a contingent liabilities evaluation framework to ensure fiscal sustainability. (PNA)
