Government Urges Caution on PPP Projects

Finance officials urge caution in tapping the private sector for big infrastructure projects as they end up costing more because of high front-end expenses charged to winning bidders. Finance secretary Carlos Dominguez said that public private partnership (PPP) could still be used for projects that require longer term funding and timeframe, but not for smaller and shorter-term projects. Budget secretary Benjamin Diokno earlier said he prefers hybrid PPP in which the government will build the infrastructure before letting…

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