(TOKYO, Japan) President Benigno S. Aquino III exchanges pleasantries with Marubeni officials, led by chairman Teruo Asada, during the courtesy call at the Momo Room of the Imperial Hotel on Tuesday (June 01) during his State Visit to Japan. (MNS photo)
TOKYO, Japan (Mabuhay) – Another major Public-Private Partnership (PPP) project will be rolled out this month, President Aquino said here Tuesday.
In his message during the get-together with members of the Filipino community in Japan, held at the Okura Hotel, President Aquino said his administration has been aggressive in pursuing major PPP projects for the benefit of the country.
(TOKYO, Japan) President Benigno S. Aquino III and Ambassador Manuel Lopez witnesses as Trade and Industry Secretary Gregory Domingo and JETRO chairman Hiroyuki Ishige sign the Memorandum of Understanding on Business Promotion Cooperation during the meeting at the Ume Room of the Imperial Hotel on Tuesday (June 02) as part of his State Visit to Japan. (MNS photo)
“Mula nga po Disyembre 2011 hanggang nitong Mayo, nakapag-award at nakapaglagda na ng siyam na PPP projects ang inyong pamahalaan at inaasahang madaragdagan pa ito ng isa ngayong buwan,” he said.
President Aquino reported that 15 PPP projects are in the pipeline, and are already in the process of procurement and roll-out.
He noted that under the “tuwid na daan” good governance, his administration has surpassed the number of solicited PPP projects approved under the past three administrations.
(TOKYO, Japan) President Benigno S. Aquino III greets Japan External Trade Organization (JETRO) officials, headed by chairman Hiroyuki Ishige, during the meeting and ceremonial signing of MOU at the Ume Room of the Imperial Hotel on Tuesday (June 02) as part of his State Visit to Japan. (MNS photo)
Only six PPP projects were approved during the Ramos, Estrada and Arroyo governments, he said.
Once the government rolls out the 15 projects already in the pipeline, including the nine projects already approved, there will be a total of 24 projects under the present government, he said.
“Apat na ulit po ito ng mga proyektong natapos kung kinumpara sa pinagsamang tatlong administrasyong nauna sa atin,” he said.
He attributed the increased participation of the private sector in PPP projects to the government’s anti-corruption initiatives.
(TOKYO, Japan) President Benigno S. Aquino III receives Fast Retailing Co. Ltd. (UNIQLO) chairman Tadashi Yanai during the business meeting at the Katsura Room of the Imperial Hotel on Tuesday (June 02) as part of his State Visit to Japan. (MNS photo)
Reforms in government have created a much better playing field for businesses, increasing competition among the players and boosting investor confidence, he said.
The President also lauded the Department of Public Works and Highways (DPWH) for its reform initiatives.
Under the leadership of Secretary Rogelio Singson, President Aquino said the DPWH has been choosing the right projects at the right cost with better quality and timetable.
Efficient management in the DPWH has resulted in P39 billion in savings as of March this year, he said. (MNS)