Challenging Partnerships

PHILIPPINES - Report 16 Oct 2014 by Romeo Bernardo and Christine Tang
Executive SummaryAfter a false start in 2010, the Aquino administration’s flagship PPP program has finally roared to life. Several large projects have been auctioned off under seemingly competitive conditions which, contrary to model forecasts, yielded substantial revenues for government. Moreover, the government, with the help of a donor-sponsored project development fund, has built up a pipeline of about 50 projects for PPP that it has taken on international roadshows to attract more foreign investors.However, as the government exhausts the first batch of projects, which featured revenue ...

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