Promise 125: Launch the Philippine Investment Alliance for Infrastructure

Posted at 07/20/12 1:21 AM


The Promise
In his speech at the 75th anniversary of the GSIS in May 2012, Aquino said the government will launch the Philippine Investment Alliance for Infrastructure (PInAI) in July 2012. It will provide an avenue for investments in the improvement of the country’s transportation, energy, power, water, environment and communications.

“Sa Hulyo nga po ay ilulunsad na ang Philippine Investment Alliance for Infrastructure o PInAI. Dalawampu’t limang bilyong pisong pondo po ang nakataya rito; ito ang pinakamalaking pondong ilalaan para sa imprastraktura ng bansa.”


President Aquino’s speech at the 75th anniversary of the GSIS

In progress

April 16, 2015 - The government has pegged the cost of the extension of the Light Rail Transit Line 1 (LRT-1) system all the way to Dasmariñas City in Cavite at P64 billion. (Continue reading)

February 20, 2015 - The Supreme Court is being asked to stop the implementation of the allegedly "overpriced" LRT Cavite extension project, which the government awarded to the Metro Pacific-Ayala consortium. (Continue reading)

October 2, 2014 - The Metro Pacific Investments Corp. and Ayala Corp. tandem on Thursday finally signed the concession agreement for the P65-billion LRT Line 1 Cavite extension project. Officials of the Light Rail Manila Consortium promised to provide a world-class mass transit system to Filipino consumers. (Continue reading)

July 15, 2013 - The Philippine Investment Alliance for Infrastructure, a fund which is partly financed by the Asian Development Bank, is investing up to $85 million for a wind farm project in the northern part of the country. (Continue reading)

September 2012 - Australia’s Macquarie Group of Companies invests a total of “$600 million to finance infrastructure projects under the Aquino administration’s public-private partnership program.” (Continue reading

July 31 2012 - GSIS website (www.gov.ph) posts an update regarding the implementation of (PInAl): “The Philippine Investment Alliance for Infrastructure -- the largest infrastructure fund ever assembled in the country at PhP 25 billion was launched in a press conference held... at the Asian Development Bank (ADB) in Ortigas.” (Continue reading)