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PB2011-02: Revving-Up Public-Private Partnership in Infrastructure Development

Public-private-partnerships (PPPs), such as the build-operate-transfer (BOT) and other schemes, provide the government with the opportunity to harness private expertise and resources in the financing, construction, management, and delivery of infrastructure services. The paper stresses that collaborative efforts in infrastructure development is imperative—Congress on policy reforms and oversight, multilateral agencies and lending institutions on financing and oversight, constituents and NGOs on monitoring, and basically the government agencies and private investors on efficient and effective project planning and implementation. The legislative mill is considering amendments to the BOT Law that will foster a more conducive yet competitive environment for private sector participation through investment in infrastructure. Although there is the need to expedite the whole gamut of the BOT process, improving BOT governance is the most appropriate policy response. The past experiences with BOT implementation indicate the need for efficient and effective regulatory governance. Efficient regulation is crucial in achieving established service and performance standards, protecting consumers for excessive tariffs, enforcing contracts, and controlling corruption.

Congressional Policy and Budget Research Research Department
Authors Keywords
Congressional Policy and Budget Research Department; infrastructure development; Philippines; build-operate-transfer (BOT); public-private partnership (PPP);
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Published in 2011 and available in the CPBRD or Downloaded 23,871 times since October 08, 2015
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