Hotel Sofitel Brussels Europe
16 September 2014
President Benigno S. Aquino III served as the keynote speaker in the Conference on Public-Private Partnership Program (PPP) for Infrastructure Projects in the Philippines held on the occasion of his Working Visit to the European Union and the Kingdom of Belgium.
“From the mere promise of reform that we gave businessmen back in 2010, today, the results of our good governance agenda have allowed us to come so far, as we stand in front of so many potential partners,” the President said.
He added, “Under our administration, we get the infrastructure we need quicker than if we remained reliant on our budget process. On top of that, investors can see a clear potential for profitability, so much so that they provide incentives for government in the form of premiums. The state is thus afforded the best possible bid because of a level playing field, which engenders fair competition among interested parties.”
After President Aquino’s speech, presentations were made by key government officials who are in charge of the development and implementation of the infrastructure program followed by a networking reception among the high-level delegates.
Organized by the PPP Center Philippines, Department of Trade and Industry (DTI), Embassy of the Philippines in Belgium and Association of European Chambers of Commerce and Industry, the conference aims to provide an opportunity for foreign companies to learn more about the country’s various infrastructure projects and how to participate in their implementation.
The PPP Program is one of country’s key strategies for accelerating the infrastructure development agenda of the Philippines that has continuously attracted local and foreign investors. Since its launching, the pipeline has over 50 projects with estimated investment requirements totaling close to US$20 billion or approximately 14 billion euros.
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