MANILA, Philippines - The Japan International Cooperation Agency (JICA) said it is providing technical cooperation assistance to Philippine government agencies implementing public-private partnership (PPP) projects.
JICA Deputy Director General for Southeast Asia and Pacific Department Megumi Muto and PPP Center Executive Director Cosette V. Canilao recently signed the memorandum of agreement for the project.
Under the project, JICA will send experts and assist government agencies implementing PPP in project formulation, monitoring, and evaluation. These government agencies include Department of Transportation and Communications (DOTC), Department of Public Works and Highways (DPWH), Department of Energy (DOE), Department of Justice (DOJ), and Department of Health (DOH).
The technical cooperation project is expected to be implemented within the third quarter of 2014 and end in 2016.
Canilao welcomed JICA's support for the country's PPP program. She noted the JICA project is an opportunity for PPP implementing agencies "to further strengthen their capacity to deliver solid and bankable infrastructure projects."
For its part, JICA said prioritizing infrastructure projects would help the Philippines attract more investments in the long-term.
Data has shown the Philippines ranks lower in terms of infrastructure investments in ASEAN. In the 2013 World Economic Forum (WEF) report, the Philippines' quality of overall infrastructure ranked lower (98 out of 148 economies surveyed) than other countries in ASEAN such as Thailand and Malaysia.