ADB, Australia Support Philippines' Drive for Better Infrastructure Through Public-Private Partnerships

MANILA, PHILIPPINES - The Asian Development Bank (ADB) and Australia, with support from Canada, are helping the Philippines clear obstacles to public-private partnerships (PPP), paving the way for increased private investment in infrastructure.

Grants of $1.5 million from ADB and $7 million from the Government of Australia, through the Australian Agency for International Development (AusAID), will be used to support strengthening government capacity to develop, competitively tender and monitor implementation of PPP projects. Matching the support from development partners, the Government of the Philippines will provide the equivalent of $8 million. The Philippines National Economic and Development Authority is the executing agency for the project which is slated to run from April 2011 to July 2013.

Read the full news release.