Road planning agencies in the Philippines have tended to view private funding as the last resort when deciding which projects to fund and how to fund them. Projects that get offered are often unattractive to the private sector. The way public-private partnerships (PPP) are considered in project programming should be enhanced to facilitate the delivery of more road infrastructure. However, not all projects are suitable for PPP. As part of the development of a comprehensive investment program, the potential for PPP of all projects has to be evaluated as part of feasibility studies so that projects with high potential for PPP can be properly packaged and offered to the private sector for investment. This would allow government to allocate funds to the projects that are economically viable but may not be suitable for PPP. The paper proposes a framework that considers PPP as an equal option within the road planning processes in the Philippines and discusses its implication to investment programming by government. Another framework shows how to determine the PPP suitability of a given project by relating aspects that affect economic feasibility (from the social welfare viewpoint) and financial viability (from the private partner’s viewpoint). The frameworks were applied to a set of three bypass road projects in the Philippines that are being considered to be repackaged for PPP as toll road projects. The results showed that the most viable for PPP also happened to be the one which would get prioritized for direct government funding.