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Bilyonaryo - Business

Private money wanted: Marcos eyes PPP for 45 major infra projects

  • March 9, 2023
  • Bilyonaryo.com

President Ferdinand Marcos Jr. wants to tap conglomerates and other private sector players for building big ticket public infrastructure projects.

National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan revealed that the administration is eyeing public-private partnership (PPP) to finance 45 of the 194 flagship infrastructure projects approved under the “Build Better More” or BBM program, a rebranding of the Duterte-era “Build, Build, Build” initiative.

“The government shall harness the financial and technical resources of the private sector, which allows the public sector to allocate its funds for greater investments in human capital development, especially to address the scarring in health and education due to the pandemic and provide targeted assistance that protects vulnerable sectors from economic shocks,” Balisacan said Thursday (March 9) after the NEDA Board meeting in Malacañang.

Marcos has been more active in involving private sector players in his administration, with bilyonaryo Sabin Aboitiz, president and CEO of the Aboitiz Group, heading the newly formed Private Sector Advisory Council.

RobinsonsLand president and DEO Frederick Go, nephew of the late bilyonaryo tycoon John Gokongwei, is Marcos’ adviser for entrepreneurship.

pic.twitter.com/0tBg0HabsJ

— Prince Golez (@pr1ncegolez) March 9, 2023

  • Related News Tags: Arsenio Balisacan, Ferdinand Marcos Jr., Frederick Go, John Gokongwei, National Economic and Development Authority (NEDA), public infrastructure projects
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NextMarcos OKs P9-T worth of infrastructure projects until 2028Next

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From zero to hero! SRA OKs sale of smuggled Thai sugar for P70/kilo in Kadiwa Centers

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Robinsons Land approves new P3 billion share buyback program

Robinsons Land Corp. (RLC), the real estate development arm of the Gokongwei family, is set to continue its shareholder-friendly strategy with the approval of a new share buyback program worth P3 billion.

Sia-Tan Caktiong tandem positions Hotel101 for global expansion with bond sale

Property developer DoubleDragon Corp., a joint venture between business magnate Injap Sia and bilyonaryo Tony Tan Caktiong, plans to raise funds through a top-up offering of its $160 million bonds listed on the Singapore exchange.

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