The Government Service Insurance System is looking to partner with the private sector to better manage its real estate assets and revitalize their earnings potential.
GSIS acting president and general manager Rolando Ledesma Macasaet said the agency wants to understand how public-private partnerships work so it can maximize the use of its property assets for the benefit of our over two million members and pensioners.”
“Through PPP, GSIS can redevelop its properties for productive or commercial use, which will boost our income and sustain our fund life,” Macasaet said.
The GSIS board of trustees was briefed on various PPP modalities which include build-operate-transfer schemes, joint ventures, divestment, lease, management contract, service contract, real property swap, and concession.
In 2012, GSIS entered into a PPP contract with the Philippine Investment Alliance for Infrastructure, which is considered as the very first private equity fund for infrastructure projects in the country.