"Our administration believes that change is not a mere
idea. It is something that must become palpable in our
economy, in our roads, and, ultimately and more importantly, in the
lives of our people... Let us build, build, and build."
– President Benigno Aquino III, March 7, 2011
Riding on the crest of an anti-corruption campaign grounded on
transparency the current government seeks to bring about a renewed
interest in infrastructure development in the Philippines through
public-private partnerships, inviting both local and foreign
investors to participate.
Public-private partnerships are not new in the Philippines,
having been introduced as early as 1990 under the administration of
President Corazon Aquino through Republic Act No. 6957.
Amendments to the law were introduced during the Ramos
administration.
