“The initial salvo of foreign investment, if they come given the current global uncertainty, will be in telecommunications and air carriers,” Rene S.
“Regional airports aren’t attractive. Toll roads are doing fine even without foreign money,” Mr. Santiago added. According to Mr. Bautista, the revised implementing rules and regulations for the Build-Operate-Transfer Law ensure that PPP projects are not disadvantageous to Filipinos “by providing a balanced sharing of risks between government and the private sector project proponents while allowing reasonable rates of return on investments, incentives, support and undertakings.”
“In other words, there is no PPP structure/modality — unlike in the Clark Airport where the government pays for the civil works, and the private sector adds the electromechanical systems and gets their RoI from O&M of the airport.” These are “shipping, transport network vehicles, airlines, railways, subways, airports, and tollways,” he said in an e-mail interview last week.