CLARITY of rules, transparency of the process, and clear role designations are seen to help in improving public-private partnerships (PPPs) and entice more private companies to collaborate in various infrastructure projects.
“We have already established the basic foundation of policies on having an effective PPP program and I think this administration can build on that and improve on it,” said Aboitiz InfraCapital, Inc. President and Chief Executive Officer Cosette V. Canilao said during the BusinessWorld Economic Forum on Tuesday.
Through PPP contracts, the private sector can provide capital, innovation, and talent that can help in addressing the infrastructure requirements of the country, she said. “PPPs are given a bad name when the private sector is not mindful of their commitment under the contract,” Ms. Canilao said. Ms. Canilao also said that there should be constant and frequent consultations between the government and the various private sector participants such as lenders, investors, insurance providers, and construction companies.
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