25 October 2012
President Benigno S. Aquino III met with Shemara Wikramanayake, Global Head of Macquarie Funds Group, at the Shangri-La Hotel in Sydney. The President thanked Macquarie for being one of the finance partners of the Philippine government’s projects.
Macquarie, one of the largest financial services companies in the world, is investing a total of US$625 million to finance various infrastucture projects under the administration’s Public-Private Partnership (PPP) program. The fund is under the Philippine Investment Alliance for Infrastructure (PINAI) Fund. The Philippines is the first country in Southeast Asia where Macqurie has invested because of its growth potential. The group is currently eyeing to finance the Light Rail Transit (LRT) Line 1 extension from Baclaran to Cavite, as well as the proposed Mactan-Cebu International Airport and the Ninoy Aquino International Airport Expressway project.
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