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PUBLIC-PRIVATE PARTNERSHIPS IN THE PHILIPPINES: A PRACTICAL GUIDE FOR BUSINESS
The Philippines has been one of the pioneers in private sector participation in major government infrastructure projects in Asia. The Build-Operate-Transfer Law or RA 6957 passed in 1990 was the first of its kind in the region.
Primarily undertaken because of continuous budget constraints, Public-Private Partnerships or PPP’s have become a primary source of capital in key governmental areas such as electricity, water distribution, toll-ways, airports and ports. From 1990 to December 2008, the Philippine BOT program has generated general capital investment of more than US$19 Billion using private financing and expertise.
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