They will draw from the Project Development and Monitoring Facility (PDMF), a financial pool managed by the PPP Center to enable proponent agencies to come up with viable and well-prepared PPP project proposals. The PDMF was established with P300 million from the government. Australia provided an additional $6 million under an ADB technical assistance
package.
Neda Director General Cayetano W. Paderanga Jr. said the modernization project of the Philippine Orthopedic Center will draw P42 million, while the construction of 10,000 classrooms project of the Department of Education was granted a P13-million fund.
The construction, operation and maintenance of the Mactan Cebu International Airport’s new passenger terminal building was given between P30 million and P40 million; the operation and maintenance of a new Bohol Airport, P40 million; the operation and maintenance of the Laguindingan Airport in Misamis Oriental, P20 million; and the establishment of an automatic fare-collection system for LRT 1, LRT 2, and MRT 3, P25 million to 30 million.
“The ADB [Asian Development Bank] has been very, very instrumental in helping us set up the resources, as well as the processes, by which the public-private partnerships are going to be facilitated in the Philippines. One of the manifestations is the project development and monitoring fund. Two weeks ago, the PDMF board approved the allocation of project development funds to two projects, and then yesterday [on Sunday] another four projects,” Paderanga said.
The PDMF is a funding pool managed by the PPP Center to enable proponent agencies to come up with viable and well-prepared PPP project proposals. The PDMF has been established with P300-million financing from the government and co-financed by Australia, which provided $6 million under an ADB technical assistance package.
Rolando G. Tungpalan, chairman of the PDMF board and deputy director general of the Neda, said all concerned agencies are working hard to properly use the PDMF “to ensure that the projects will meet international standards that will allow for very good investments” in the country.
Other agencies represented in the PDMF board are the Department of Finance, the Department of Budget and Management, and the PPP Center.
A competitively selected firm from among a roster of nine national and international consulting firms will assist in the conduct of the pre-investment studies. This includes the Filipino consortium of KPMG, the lead firm of which is the Manabat Sanagustin & Co. CPAs; a Dutch consortium led by Rebel Group International BV; Indian groups led by Deloitte Touche Tohmatsu India Pvt. Ltd. and another one led by ICRA Management Consulting Services Ltd.; and a Canadian consortium led by CPCS Transcom Ltd.
Other accredited groups are the Singporean consortium led by Pricewaterhouse Coopers Services Llp.; a European consortium led by Hill International SA; and Australian groups separately led by Ernst & Young Australia Infrastructure Advisory and SMEC International Pty. Ltd.
