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The New Government Procurement Act of 2024, officially designated as Republic Act No. 12009, is a Philippine law which prescribes the necessary rules to address the lack of transparency and competition in government procurement, eliminate collusion and interference, and lessen the delay in the procurement process by creating the Government Procurement Policy Board (GPPB) and PhilGEPs.
The remaining 10% of the company is owned by Macquarie Infrastructure Holdings (Philippines). [23] After the entry of Sumitomo Corporation, which bought 34.9% of Metro Pacific's interest, Metro Pacific sold its economic interest of 19.2% in its concession, [ 24 ] reducing MPIC's stake to 35.8%.
During the presidency of Pres. Benigno Aquino III, on October 2, 2014, the Department of Transportation and Light Rail Transit Authority signed a 32-year concession agreement with Light Rail Manila Corporation, a private consortium composed of AC Infra, Metro Pacific Light Rail Corporation and Macquarie Group for the Line 1 Operations & Maintenance, construction of the Cavite Extension and ...
The Bases Conversion and Development Authority (BCDA; Filipino: Pangasiwaan sa Pangkaunlarang Kumbersiyon ng mga Base [4]) is a government-owned and controlled corporation under the Office of the President of the Philippines. It is a government instrumentality vested with corporate powers under Republic Act 7227 (Bases Conversion and ...
The Department of Public Works and Highways (Filipino: Kagawaran ng mga Pagawain at Lansangang Bayan), abbreviated as DPWH, is the executive department of the Philippine government solely vested with the mandate to “be the State's engineering and construction arm” and, as such, “tasked to carry out the policy” of the State to “maintain an engineering and construction arm and ...
Build! Build! infrastructure program of the government, [7] with ₱3.6 trillion worth of public infrastructure projects being rolled out from 2018 to 2022. In March 2024, DOTr and San Miguel Corporation officially inked the P170.6-billion Public-Private Partnership (PPP) deal aimed at reviving Ninoy Aquino International Airport (NAIA).
The formal contract signing of the loan agreement happened in July with ADB officials and the Philippine Government led by president Bongbong Marcos [14] And in 2024, contracts for the civil works of the project which includes bus stops , bus lanes , depots , and terminals of the projects were signed. [ 15 ]
The National Transmission Corporation (Filipino: Pambansang Korporasyon sa Transmisyon, also known as TransCo) is a Philippine government-owned and controlled corporation established in June 26, 2001 by the Electric Power Industry Reform Act (Republic Act 9136) and a corporate entity wholly owned by the Power Sector Assets and Liabilities Management (PSALM).