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Manila Bulletin devider Business devider ADB approves $30-million loan to support PPP projects

ADB approves $30-million loan to support PPP projects

Published Dec 13, 2024 12:29 am

The Asian Development Bank (ADB) has approved a $30 million loan to support the government’s public-private partnership (PPP) projects, aiming to bolster infrastructure development, advance climate action, and enhance economic competitiveness.

In a statement on Friday, Dec. 13, the Manila-based multilateral institution said the loan will replenish the Project Development and Monitoring Facility (PDMF) managed by the government's PPP Center (PPPC).

"The Philippines is considered one of the leaders in the Asia and the Pacific region in the use of PPPs as a modality for addressing infrastructure gaps and pursuing sustainable growth and development," said ADB Philippines Country Director Pavit Ramachandran.

"Through this new loan, ADB is helping ensure the continuous preparation of bankable and feasible climate-resilient PPP projects in the country as well as the availability of global expertise for successful PPP implementation," he added.

The loan will support as many as 35 national and local PPP projects from 2025 to 2029, focusing on railways, roads, and transport network improvements, as well as essential community facilities.

All projects will undergo climate risk screening and management to ensure alignment with the Philippines' nationally determined contribution.

A comprehensive capacity-building program in developing PPP projects will be created for the PPPC, implementing agencies, and LGUs.

The loan will also support the establishment of a project evaluation framework in emerging PPP sectors and a contingent liabilities evaluation framework to ensure fiscal sustainability.

ADB has been supporting the creation of an enabling environment for infrastructure development through private sector participation, leveraging various policy loans and technical assistance.

The new loan will facilitate the effective execution and delivery of PPP projects, along with the Public Financial Management Reform Program Subprogram 1 recently approved by ADB.

Related Tags

PPP projects Public Private Partnerships Infrastructure projects Asian Development Bank (ADB)
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