P133 B worth of PPP projects awaits NEDA approval

By , on October 17, 2014

Existing Puerto Princesa International Airport (Wikipedia photo)
Existing Puerto Princesa International Airport (Wikipedia photo)

MANILA – Six major Public Private Partnership (PPP) projects worth P133.2 billion is still waiting for the National Economic and Development Authority’s (NEDA’s) approval.

The Department of Transportation and Communications (DOTC), meanwhile is hopeful that NEDA will make an approval today.

NEDA is scheduled to discuss the six projects, which are part of the 18 projects to be tackled by the board today, according to Transportation Secretary Joseph Emilio Abaya.

He added that the bidding for the operation and maintenance of the four major airports in the country, worth P96.5 billion, is also included in the six projects.

The said airports include P40.6 billion Francisco Bangoy or Davao airport; the P30.4-billion new Iloilo airport; the P20.26 billion Bacolod airport also known as the Bacolod-Silay airport; and the P5.23 billion Puerto Princesa airport.

The transformation of the existing Davao Sasa port into a modern, international-standard container terminal is also expected to be discussed today.

The project which is worth P17.5 billion aims to provide a dedicated containerized port in the Davao region.