Delegates from various member-economies of the Asia-Pacific Economic Cooperation (APEC) are discussing means to accelerate public-private partnerships (PPPs), which are seen helpful in boosting job-generating investments.

 

“We are delighted to see APEC economies come together to exchange knowledge in PPP,” Cosette Canilao, executive director of the Philippines’ PPP Center, said in her remarks.

 

PPP is an initiative whereby the private sector is tapped to invest in public projects or programs to help fill the investment gap. This is especially important in addressing the limitations of government resources for achieving development goals of economies.

 

In the Philippines, contracts for nine solicited infrastructure projects, totaling $2.9 billion, under the PPP program have been awarded since the start of the Aquino administration in 2010.

 

In the meeting, delegates agreed for APEC member-economies to constantly share their respective knowledge in PPP. One proposal is for APEC member-economies to have a PPP Knowledge Portal that is accessible to all.

 

Read more at http://www.mb.com.ph/ph-showcases-ppp-program-in-apec-meet/#7bmky3AWPfUqYcSs.99

Source: http://www.mb.com.ph/ph-showcases-ppp-program-in-apec-meet/#vTyhsfs4ufy0pEki.99