Sun Life of Canada (Philippines) Inc., one of the major insurance companies in the Philippines, said Wednesday it is in talks with several groups for potential infrastructure investments under the public-private partnership scheme, including a major toll road.
“We are certainly open to investing in PPP projects if the right project comes along, but we have to assess initiatives on an individual basis. We continue to talk to various parties on partnering with them so that we can invest in those projects,” SunLife Philippines president Riza Mantaring said in an interview at the sidelines of the company’s partnership with Fitness First.
“We are in talks with several organizations on potential infrastructure investments. I think we talked already on a potential road project. I can’t disclose,” she said.
Mantaring said the company would invest in infrastructure projects to match future needs. “Sun Life has long-term liabilities and we try to do our asset liability matching as closely as possible. We try to match them and so we need also long-term assets to match long-term liabilities. So, infrastructure projects are ideal for that because the duration is quite long for infrastructure projects and that’s matches our needs and also for diversification of our investments,” she said.