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The current project was approved on November 21, 2013, by the NEDA board, chaired by President Benigno Aquino III, and the project was developed through a public-private partnership (PPP). It has an indicative cost of ₱62.7 billion.
The Board is composed of the President as the Chair, the NEDA Secretary as the Vice-Chair, and the following as members: the Executive Secretary of the Office of the President, and the Secretaries of the Departments of Budget and Management, Finance, Energy, Human Settlements and Urban Development, Public Works and Highways, and Transportation.
A public–private partnership (PPP, 3P, or P3) is a long-term arrangement between a government and private sector institutions. [1] [2] Typically, it involves private capital financing government projects and services up-front, and then drawing revenues from taxpayers and/or users for profit over the course of the PPP contract. [3]
Public-Private Partnership for School Infrastructure Project, Phase II: Under construction: $500 million: Water infrastructure. Region Project Name / Description
neda.gov.ph The National Innovation Council ( NIC ; Filipino : Pambansang Konseho sa Inobasyon ) is the Philippine government's highest policy-making body for national innovation development. It was established to develop the country's innovation goals, priorities, and long-term national strategy established by virtue of Republic Act No. 11293 ...
In April 2000, the National Economic and Development Authority (NEDA) ... The project was originally planned to be funded through a public-private partnership ...
However, on July 20 of the following year, NEDA-ICC deferred the approval. [16] The project was re-approved on December 16, 2015, as a public-private partnership (PPP) project. [ 17 ] The succeeding administration added the project to the Build!
A Public–private partnership unit (PPP unit) is an organisation responsible for promoting, facilitating and/or assessing Public-private partnerships (PPP, P3, 3P) in their territory. PPP units can be government agencies, or semi-independent organizations created with full or partial government support.