Rail, Transport Dominate PHP3.16 Trillion Public-Private Partnership Project Pipeline

Government and private sector collaboration is driving major investments in rail and transport.

Rail, Transport Dominate PHP3.16 Trillion Public-Private Partnership Project Pipeline

By PAGEONE Business Today
36
By PAGEONE Business Today
36

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The Philippines currently has 252 projects worth PHP3.16 trillion in the pipeline to be undertaken by the government and the private sector.

Data from the Public-Private Partnership (PPP) Center showed that as of Monday, 168 projects worth PHP3.02 trillion will be implemented by the national government while 84 projects worth PHP136.26 billion will be implemented by local government units.

Railway accounted for the biggest chunk with total projects amounting to PHP1.97 trillion, followed by land transport, PHP274.06 billion; and property development, PHP221.46 billion.

PPP data showed that majority or PHP2.02 trillion worth of projects will be implemented by the Department of Transportation, while PHP1.22 trillion worth of projects will be implemented by the Philippine National Railways.

Majority of these projects will be located in the National Capital Region, Central Luzon, and Ilocos Region. (PNA)

Business Today