Aside from the Cebu BRT project, the signed consultancy contracts also covered the NCR Edsa Busway Project, Manila Bay-Pasig River-Laguna Lake Ferry Project, and the North Long Haul Inter-Regional Railway Project. The four PPP projects are included in the “Build-Better-More” infrastructure program of the Marcos administration.
“Through the Project Development and Monitoring Facility (PDMF), a revolving fund managed and administered by the PPP Center, the DOTr is assured of access to best practices and technology transfer through international and national experts,” PPP Center Deputy Executive Director Eleazar Ricote said in an emailed press statement from the center.
“With this contract signing for four projects today, we are certain that the feasibility studies of these projects will be thoroughly guided through the expertise of the consultants and experts we are engaging,” Ricote said.
The PDMF is established to enhance the investment environment for PPPs and develop a robust pipeline of viable and well-prepared PPP infrastructure projects in accordance with the BOT Law, Government Joint Venture Guidelines, and LGU PPP Codes. It is a funding mechanism available to agencies and local government units (LGUs) for developing bankable PPP projects and ensuring effective monitoring of project implementation.
The contract signing was joined by PPP Center Executive Director Ma. Cynthia C. Hernandez, Deputy Executive Director Ricote, DOTr Secretary Jaime J. Bautista and DOTr officials, together with Mr. Wilson P. Tan of SyCip Gorres Velayo & Co., Mr. Pranavant of Deloitte Touche Tohmatsu India LLP and Ms. Mary Jade T. Roxas-Divinagracia of PwC Philippines.