“Speaking at the Swiss Innovation Exhibit that marked 65 years of Philippine-Swiss relations at Hyatt Hotel on Oct. 25, Sec. Bautista wants to fast-track the completion of big-ticket transport projects with private-sector participation,” the Department of Transportation said.
He said that the revised implementing rules and regulations for the Build-Operate-Transfer Law ensure that PPP projects will not be 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 particular, the definition of the Material Adverse Government Action clause was revised to cover all government actions, not just the Executive branch.