Again, all those fancy roads and bridges the government has been inaugurating lately? They cost money. In some cases, funding comes courtesy of the private sector and not the taxpayers.
Recently, the Department of Transportation (DOTr) shared that it is encouraging the private sector to be more involved in the completion of “big-ticket” infrastructure and transport projects.
Due to limited budget allocations, transport secretary Jaime Bautista said that the private sector’s participation is “crucial.”
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“Allow me to emphasize the need to undertake crucial transport infrastructure projects in collaboration with the private sector,” Bautista said during the 48th Philippine Business Conference and Expo.
“We are therefore actively pursuing the Public-Private Partnership (PPP) scheme to complete a number of these projects,” the transport secretary added.
Bautista also bared some of the big-ticket transport projects the DOTr plans to invite private parties to participate in. These include the EDSA Busway, Cebu Bus Rapid Transit (Cebu BRT), and 10 provincial airports.
“We plan to invite as many private sector participation in our infrastructure projects, such as the privatization of the EDSA Carousel, the operation of our seaports, the privatization of 10 provincial airports, the Cebu Bus Rapid Transit project and many more,” he added, highlighting that PPPs will generate employment and investment opportunities.
Are you in favor of the private sector becoming more involved in our nation’s transport push?
