In its continuing efforts to enhance revenue income from its investment properties, the governing board of Government Service Insurance System, led by chairman and acting president and general manager Rolando Ledesma Macasaet, attended a seminar on Public-Private Partnership conducted by Philippine Reclamation Authority chairman and certified PPP specialist, lawyer Alberto C. Agra.
Macasaet said that the “GSIS Board wants to understand how PPP works so that we can maximize use of GSIS’ 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,” the pension fund chief pointed out.
During the said seminar, the GSIS Board of Trustees were 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, considered as the very first private equity fund for infrastructure projects in the country.