Addressing the ambiguities of the present public-private partnership framework is a prime legislative precedence of President Marcos, as said throughout his first SONA
MANILA, Philippines – The Home public works panel handed on Thursday, November 17, a measure that seeks to offer a brand new framework for public-private partnership tasks, which is a precedence laws of the Marcos administration.
The authorised draft substitute invoice, a duplicate of which has but to be made accessible within the Home web site, proposes clearer guidelines on solicited and unsolicited proposals, and extra thorough pointers on joint ventures amongst others.
Key parts of the proposal additionally embody a mechanism to make sure that the federal government is ready to meet obligations it enters into.
Home methods and means committee chairman Joey Salceda of Albay’s 2nd District cited for example the LRT 1 South venture, a PPP program that stalled for years as a consequence of right-of-way hurdles.
“Whole monetary loss as a consequence of expropriation proceedings… is P1.2 billion as of 2020 alone. This quantity doesn’t embody the financial losses as a consequence of site visitors and vehicular working prices incurred by displacing over 160 million passengers yearly or 44,000 passengers per day,” Salceda informed the Home public works panel, of which he’s additionally a member for almost all.
Beneath the proposed PPP legislation, implementing companies shall embody PPP tasks of their improvement plans, institutionalizing these undertakings within the course of.
If handed, the legislation will unlock “a minimum of P27 trillion in monetary sources accessible within the banking sector, and a minimum of P600 billion yearly in simply the massive conglomerates” in direction of infrastructure tasks, Salceda stated.
In his first State of the Nation Handle (SONA) in June, President Ferdinand Marcos Jr. asserted that making a extra aggressive atmosphere for public-private partnerships, and amending the so-called Construct-Function-Switch (BOT) Legislation, are among the many prime legislative priorities of his administration.
The BOT Legislation, as amended, has been the legislative bible for PPP tasks for many years, however Marcos stated it “[holds] nice potential for enlargement and for innovation,” by eradicating ambiguities.
On Thursday, Salceda underscored the necessity for a transparent transition framework, because the proposed measure will repeal the present legislation.
Salceda stated this was the third time he sponsored the invoice proposing a brand new PPP framework. The laws already hurdled the general public works committee however languished within the appropriations panel within the 18th Congress, in response to Home public works panel chairman Romeo Momo of Surigao del Sur’s 1st District.
The authorised draft substitute invoice was the product of the collaboration between the Presidential Legislative Liaison Workplace and different govt companies with the Home public works panel.
Salceda wished the invoice to succeed in the plenary this time round.
“Ayoko na, pangatlo na ‘to (That is the third time, I’m sick of this),” Salceda quipped in jest through the committee assembly. – Rappler.com