Posted March 20, 2015
Written by Gloria Villas
An ordinance enacting the Public-Private Partnership (PPP) Code of the province of Aklan is now scheduled for a public hearing on March 26, 2015.
This is after the Sangguniang Panlalawigan (SP) Aklan draft the said ordinance during the 9th SP Regular Session.
According to SP Secretary Odon Bandiola, “the PPP aims to strengthen the relationship between government and the private sector.”
Bandiola highlighted the importance of private participation in infrastructure provision which could enhance existing public capacity in providing economic (e.g. transport, telecommunication, power, water and sanitation) and social (e.g. health and education) infrastructures.
“At the same time, effective infrastructure reduces transport costs, fosters competitiveness with positive impact on investment and trade flows, and the integration in global and regional value chains.” He added.
In addition, he explains that there are now also potential investors especially on the island of Boracay that greatly contribute to the project of the province.
Meanwhile, PPP Code of Aklan are expected to provide local governments with guidance on how to implement effective PPP frameworks to create a predictable and efficient PPP environment for infrastructure investment and to address issues related to cross-border infrastructure projects.