PPP conversations: No. 1 with PPP Center
What do stakeholders have to say about public-private partnerships (PPPs)? What are their PPP stories? What are their roles and perceptions?
Starting today PPP Lead will feature PPP Conversations. This columnist will propound frequently asked questions to be answered by PPP stakeholders. Our first conversation will be with the PPP Center (PPPC), which will share with us its reason for being and its view on this developmental strategy.
- Agra: What is your concept of PPP?
PPPC: PPPs are contractual arrangements between the government and the private sector, intended to accelerate the delivery of infrastructure and development projects or services. Republic Act (RA) 7718, or the Amended BOT law and its implementing rules and regulations (IRR), generally govern PPPs in the Philippines, supplemented by other relevant policies that make up the country’s legal and institutional framework for PPPs.
- Is PPP critical for development? Why?
PPP is critical input to growth and development being a funding resource for selected infrastructure and development projects and a mechanism to free up government’s fiscal space for other development requirements. At the same time, it harnesses private sector efficiencies and innovation in the critical aspects of project design construction, operations, maintenance and actual service delivery.