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COSETTE V. CANILAO Deputy Executive Director, Philippine PPP Center International Infrastructure Investment & Cooperation Forum China International Contractors.

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Presentation on theme: "COSETTE V. CANILAO Deputy Executive Director, Philippine PPP Center International Infrastructure Investment & Cooperation Forum China International Contractors."— Presentation transcript:

1 COSETTE V. CANILAO Deputy Executive Director, Philippine PPP Center International Infrastructure Investment & Cooperation Forum China International Contractors Association (CHINCA) May 20110, Beijing, China THE PHILIPPINE PUBLIC-PRIVATE- PARTNERSHIP (PPP) PROGRAM

2 The Aquino Administrations PPP Program Private Sector Role in Phil Socio-Economic Development The Expanding Scope of Private Sector Role Legal Framework Institutional and Regulatory Set-Up The PPP Center and its Services PPP Process PPP Developments Priority Projects for 2011 Prospects for Chinese Partners Summary Outline of Presentation

3 A Social Contract with the Filipino People Commitment that all transactions are transparent & above board Consultative view on private sector areas of concern, i.e. policy issues, market sounding, etc. Protection of interest of the public as facility users and payers We are working to develop profitable partnerships with private companies both domestic and international. We have the resources. We have the human capital. Filipino citizens, invigorated by a shared sense of professionalism, integrity, and quality, are working with their leaders to build policy formulations for growth… Pres. Benigno S. Aquino, III The Aquino Administrations PPP Agenda

4 Indispensable role of the private sector recognized by the Philippine constitution – private sector as partner in development Private sector participation most prominent in infrastructure and development projects traditionally provided by government Policy environment supports private sectors critical role structural adjustments policies - privatization, deregulation and liberalization market-based tariff setting; broad range of government support; various mechanisms for public-private partnerships economic agenda to harness private sector financing and efficiency Private Sector Role in Economic Development

5 Three Waves of Private Sector Participation Disposition/Sale of Assets through the Asset Privatization Trust (APT) and the Committee on Privatization Late 80s to Early 90s – Energy Act (Power Purchase Agreements); 1990 Philippine BOT Law (RA 6957); 1994 Amended BOT Law (RA 7718) Present and Onwards – The Public-Private-Partnership (PPP) Phase The PPP Phase Expanded range of private sector engagements – Management Contracts, Lease, BOTs, JVs, Concessions, other variants PPPs in traditional (transportation, water, etc) and non-traditional infrastructure (ICT, health, education, etc) sectors Mixed financing structure; project bundling/unbundling, etc. Expanding Private Sector Role

6 The Amended Build-Operate-Transfer (BOT) Law (RA 7718) BOT Laws Implementing Rules and Regulations (IRR) Charters of Government Owned and Controlled Corporations (Republic Acts and Executive Issuances) Legal Mandates of Implementing Agencies (Republic Acts) Sectoral Regulatory Agencies (Republic Acts and Executive Issuances) The Local Government Code (RA 7160) Procurement Reform Act (RA 9184) LEGAL FRAMEWORK

7 Contracting Parties (enters into PPP/BOT Agreement) Implementing Agencies (national agencies) Government Corporations Local Government Units (Province, City, Municipality) Other National Agencies Concerned Line Agencies/Departments (policymaking) National Regulatory Bodies (Finance, Economic Planning, Environment, Securities and Exchange, Central Bank, etc.) Sectoral Regulators (e.g. toll regulatory board) Review and Approving Bodies Inter-Agency Investment Coordination Committee Local Government Councils Coordinating and Monitoring Agency The PPP Center INSTITUTIONAL SET-UP

8 Pres. Aquino signed Executive Order No. 8 (09 September 2010) BOT Center renamed PPP Center and transferred attachment from DTI to NEDA Expanded mandate covers all arrangements under the BOT Law, Joint Venture arrangements, and other PPP arrangements Promote the PPP Program Facilitate development of PPP Projects Advocate policy reforms Monitor PPP implementation The PPP Center

9 PPP Process PPP Center Intervention Responsible Party IAs/LGUs NEDA Secretariat/LGUs IAs/LGUs Process Start Project Submission to NEDA-ICC (Complete and qualified documentation) Project Review & Evaluation Project Preparation Fund pre-investment activities through the PDMF Provide Training & Capacity Development Provide technical assistance in the review of the Projects financial and economic viabilities Provide legal advice during formulation of the contract Assist IAs/LGUs in complying with requirements during the Project & Contract evaluation

10 PPP Process PPP Center Intervention Responsible Party Investment Coordination Committee (ICC) NEDA Board IAs / LGUs Private Sector IAs / LGUs Process LGU/ICC Approval ICC Technical Board ICC Cabinet Committee NEDA Board Invitation & Pre-qualification Preparation and Submission of Bids Evaluation of Bids Award & commencement of Implementation Preparation of Request for Proposals (RFP) Per BOT Law IRR, non- voting observer of PBAC for national projects Provide advice during procurement process Monitor implementation Assist in the preparation of bid Documents Assist in the evaluation of bids

11 2011 PPP Projects in the Roll-Out launched in November 2010 and February 2011 First five (5) projects to be bid in the first half of the year Next five (5) projects to be bid in the second half of the year Projects in the roll-out are mostly transportation projects Amendment of the BOT Law and its IRR under way Public hearing ongoing Collaborative efforts with government PPP stakeholders initiated PPP Program Updates

12 Capacity development for government PPP stakeholders To ensure reliable Pre-FS/FS output To equip efficient evaluation and approval of projects Project Development and Monitoring Facility beefed up To help finance Pre-FS/FS To ensure high success rate PPP Program Updates

13 DaangHari – SLEX Link Project Implementing Agency: DPWH Estimated Project Cost: US$ 35.5M Proposed Scheme: Solicited BTO Expected Bidding Bid Date: First half of the year NAIA Expressway Phase 2 Project Implementing Agency: DPWH Estimated Project Cost: US$ Proposed Scheme: Solicited BTO Expected Bid Date: First half of the year 2011 PPP Projects

14 NLEX-SLEX Connector Project Implementing Agency: DPWH Estimated Project Cost: US$ M Proposed Scheme: Unsolicited PPP Expected Bidding Bid Date: First half of the year CALA-Manila Side Expressway Project Implementing Agency: DPWH Estimated Project Cost: US$ M Proposed Scheme: Solicited PPP Expected Bid Date: Second half of the year 2011 PPP Projects

15 Puerto Princesa Airport Development Project Implementing Agency: DOTC Estimated Project Cost: US$ 97.78M Proposed Scheme: Solicited PPP Expected Bidding Bid Date: Second half of the year New Legaspi Airport Development Project Implementing Agency: DOTC Estimated Project Cost: US$ 71.11M Proposed Scheme: Solicited PPP Expected Bid Date: Second half of the year 2011 PPP Projects

16 New Bohol Airport Development Project Implementing Agency: DOTC Estimated Project Cost: US$ M Proposed Scheme: Solicited PPP Expected Bidding Bid Date: Second half of the year O&M Privatization of Laguindingan Airport Project Implementing Agency: DOTC Estimated Project Cost: US$ 33.33M Proposed Scheme: Solicited PPP Expected Bid Date: Second half of the year 2011 PPP Projects

17 LRT Line 2 East Extension Project Implementing Agency: DOTC Estimated Project Cost: US$ M Proposed Scheme: Solicited PPP Expected Bidding Bid Date: Second half of the year LRT Line 1 South Extension Project Implementing Agency: DOTC Estimated Project Cost: US$ 1,555.55M Proposed Scheme: Solicited PPP Expected Bid Date: Second half of the year 2011 PPP Projects

18 Participation as project partners of Philippine PPP Projects in the following areas Engineering, Design and Construction Financing (equity shareholder, lender, insurer, etc) Operation and Maintenance Prospects for Chinese Investors

19 There is an established national policy on PPPs (BOT Law) PPPs are allowed in practically all development sectors PPP legal framework allows creativity in PPP financing and contractual arrangements (several PPP variants) PPP legal framework allows procurement options (solicited and unsolicited modes) Institutions (Implementing Agencies and Local Government Units) have distinct legal mandates to enter into PPPs Government support is allowed in critical projects not viable through full private sector financing There is a dedicated PPP Program coordinating agency (PPP Center) formally integrated into the government machinery Features of the Philippine PPP Program

20 Information on Philippine PPPs Overview of the PPP Program Legal Framework PPP Projects for 2011 Rollout Other PPP Projects PPP Process Flow PPP Brochure PPP Sample Contracts PPP Presentations and Speeches Frequently Asked Questions

21 THANK YOU! P UBLIC -P RIVATE P ARTNERSHIP (PPP) C ENTER National Economic and Development Authority 4/F GA Yupangco Bldg. 339 Sen.Gil J. Puyat Ave Makati City, Philippines Tel. No:(+63 2) Fax No:(+63 2)


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