The National Economic and Development Authority board led by President Benigno Aquino III is expected to approve today four projects under the public-private-partnership scheme worth P141 billion.
The PPP Center said four PPP projects, including an airport redevelopment, a natural gas pipeline, a railway extension and a bus transit system, were scheduled to be tackled by the joint Investment Coordination Committee–Technical Board and Cabinet Committee, before their final endorsement to the Neda board.
PPP Center director Eleazar Ricote said the agency was hopeful the four priority projects would be approved. “[There is a] high chance of these being approved. These are priority projects,” said Ricote.
Data showed of the four projects, three would be implemented by the Transportation Department, including the P130.99-billion Ninoy Aquino International Airport development project, the P6.28 billion C-5 Modern Bus Transit System and the P50.15-billion Ortigas-Taytay Light Rail Transit Line 4 project.
The NAIA development project aims to improve, upgrade and enhance the operational efficiencies of all existing terminals of the Ninoy Aquino International Airport covering both landside and airside (except air traffic services) to meet the International Civil Aviation Organization standards and develop the main gateway of the Philippines, according to PPP Center website.
The C-5 Modern Bus Transit System project involves the implementation of a new bus scheme that will offer high-quality bus service in the cities of Paranaque, Taguig, Makati, Quezon and Valenzuela.
Meanwhile, the Ortigas-LRT Line 4 project, with P50.15 billion indicative cost, is a proposed 11-kilometer rail line running west from SM City Taytay to the intersection of Ortigas Avenue and Edsa in Ortigas.
The fourth PPP project up for approval is the Batangas-Manila or BatMan 1 natural gas pipeline project of Philippine National Oil Company, with P10.53-billion indicative cost.
