The Market Monitor Minding the Nation's Business
The Asian Development Bank (ADB) has approved a USD 30 million loan to support public-private partnership (PPP) projects in the Philippines.
The loan will replenish the Project Development and Monitoring Facility (PDMF), managed by the Public-Private Partnership Center (PPPC), which aids in preparing and structuring PPP projects. It will also enhance the capacity of government agencies and local government units (LGUs) to develop and manage these projects.
The funds will support 35 national and local PPP projects from 2025 to 2029, focusing on sectors like railways, roads, and community facilities. All projects will undergo climate risk screening to align with the Philippines’ climate goals.
“The Philippines is a leader in using PPPs to address infrastructure gaps and promote sustainable growth,” said ADB Philippines Country Director Pavit Ramachandran.
The loan will also fund capacity-building programs for the PPPC, implementing agencies, and LGUs, as well as establish frameworks for project evaluation and fiscal sustainability.