The Market Monitor Minding the Nation's Business
The investor’s conference for the P1.47 billion ($32.75 million New Nayong Pilipino at Entertainment City PPP Project is a) tourism-oriented facility is set on February 9, at Makati Shangri-La.
The conference, a by-invitation-only event, is open for companies that are interested to participate in this new Public-Private Partnership to be implemented by the Department of Tourism (DOT), Nayong Pilipino Foundation (NPF) and the PPP Center.
The cultural theme park PPP project is envisioned to be the top-of-mind destination for foreign and local tourists who want to experience what makes our nation and culture unique and more fun. This will also offer an experiential and creative showcase of the various elements and dimension of the Filipino culture, identities and traditions spanning past and contemporary periods. The project’s structure is Build-Transfer-Operate-and-Maintain (BTOM) with 23 years (inclusive of 3-year construction period) cooperation period.
The New Nayong Pilipino PPP project is one of the approved projects under the PPP scheme by the National Economic and Development Authority (Neda) Board led by President Duterte.