Solar-Belle Sangley project
In President Duterte’s “change” administration, the private sector continues to seek its place, given the overhaul on how big-ticket infrastructure projects will be financed.
Over its first year, the administration has shifted the funding structure of nearly all public private partnership projects due for bidding into either an overseas development assistance scheme or state financing.
The private sector, at the government’s discretion, would be invited to bid for the operations and maintenance component. Thus, the hybrid PPP initiative was born.
This administration said this was the faster and cheaper route, although critics have produced plenty of data showing otherwise.
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The private sector’s aversion to uncertainty, however, has pushed it toward another opening that Mr. Duterte had allowed—unsolicited projects.
This has encouraged an unprecedented level of cooperation among big business groups, who see better infrastructure as a way to ensure not only their own growth but that of the Philippines.
