Promise 125: Launch the Philippine Investment Alliance for Infrastructure
Economy | 07/20/2012 1:21 AM
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.”
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.” (Source: ppp.gov.ph )
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.”