PPP Conversations #9 with Bohol Gov. Chatto
‘We’ve already done it,” underscored Gov. Ed Chatto of the Provincial Government of Bohol (PGBh) in this ninth edition of PPP Conversations. In the areas of water and power, even prior to the enactment of its public-private partnership (PPP) Ordinance, the PGBh has entered into and has been benefitting, to this very day, from joint-venture arrangements with the private sector.
Chatto shares with us his thoughts on this strategy.
What is your concept of PPP?
Public-Private Partnership (PPP) presents the government (both national and local) with an opportunity to expand the reach of governance services by taking advantage of access to capital, management acumen and technological expertise that is abundant in the private sector.
What makes PPP a viable and preferred development strategy at all levels?
From a local government unit (LGU) perspective, the funds provided by the national government to LGUs, and even to its own line agencies, is limited. PPP presents an opportunity to address the always-prevalent scarcity of funds. On top of that, it also provides government with the benefit of top-of-the-line technology and expertise from the private sector. Operational efficiency and sustainability of enterprises (especially in terms of revenue), which are often not optimally explored (or at worst are even ignored) in purely government-run entities, become primordial concerns in PPP ventures.