spot_img
29 C
Philippines
Thursday, March 28, 2024

DOTr plans to offer 3 projects to private sector

- Advertisement -

The Department of Transportation said Thursday it plans to offer three transport infrastructure projects to the private sector as part of the government’s public-private partnership program.

It said the priority projects under the PPP program include the NCR EDSA Busway, the North Long Haul Inter-Regional Railway (NCR-Ilocos, Cagayan) and the Manila Bay-Pasig River-Laguna Lake Ferry System.

These projects are identified as priority PPP projects that will contribute to the improvement of transportation infrastructure and establishment of livable and sustainable communities.

The Public-Private Partnership Center is helping the DOTr in developing these projects under the PPP arrangement. As part of initial stages of project development, the PPP Center and DOTr are conducting a preliminary market sounding activity to solicit insights and feedback on the project terms from interested private sector partners.

This activity will run from Nov. 16 to 23, 2022.

- Advertisement -

Transportation Secretary Jaime Bautista earlier said the government was “confident” that the expertise and capabilities of the private sector would bring such ambitious undertakings to completion.

The DOTr was also looking at privatizing 10 provincial airports in Bohol, Laguindingan, Bicol, Iloilo, Puerto Princesa, Davao, Bacolod, Kalibo, Busuanga and Siargao.

Bautista said the government would also build an additional four new regional airports in Dumaguete, Siargao, Zamboanga and Masbate.

He said the PPP scheme would generate investments and generate employment for Filipinos, while promoting transport connectivity and reducing logistics costs.

- Advertisement -

LATEST NEWS

Popular Articles