The efforts to revamp the country’s investment ecosystem will raise investor confidence, address the private sector’s concerns and create a more enabling policy environment for rapid infrastructure project rollout, National Economic and Development Authority Secretary Arsenio Balisacan said.
“The revised 2022 implementing rules and regulations of the Build-Operate-Transfer Law address various concerns from private-sector stakeholders regarding financial viability and implementation ambiguity,” he said. He said this reform complements other measures, such as the Investment Coordination Committee or ICC Guidelines for PPP projects and the 2023 Revised NEDA Joint Venture guidelines. These measures will ensure the full participation of private-sector partners in the joint construction and operation of infrastructure projects.
“The government’s extensive ‘Build-Better-More’ program includes the 197 IFPs, a list of transformative and game-changing projects that will benefit from expedited approval processes and higher prioritization in government funding,” he said.
France Dernières Nouvelles, France Actualités
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