ILOILO City has signed an agreement with the Public-Private Partnership (PPP) Center for assistance in three projects that it plans to offer as PPPs.
“We are very excited about this… we are interested first in entering into an arrangement with the private sector partner for the slaughterhouse, waste-to-energy facility, and (the central) market,” Mayor Jerry P. Treñas said during the Memorandum of Agreement (MoA) signing Wednesday.
The MoA provides a “framework for cooperation and coordination with the goal of developing a robust pipeline of PPP projects for Iloilo City.”
The entry of private investors, Mr. Treñas said, “will allow us to free a portion of the budget, which we will be able to use for social projects.”
PPP Center Executive Director Ferdinand A. Pecson said among the center’s responsibilities is ensuring that the partnerships entered into by the city are in the best interest of the public.
“Of course, kasama na rin yung (it also includes the) environment, even gender is going to be a consideration. It’s not just about the money, income or cost savings, it’s really a holistic approach,” Mr. Pecson said.
PPP Center Deputy Executive Director Mia G. Sebastian said the center has an in-house monitoring team that will help the city ensure that the private sector partner will properly implement the project.
“This is the most important phase of the project, to make sure that the value and benefits that we estimated during the development stage will indeed be delivered by the private sector at the implementation,” Ms. Sebastian said.
The PPP Center will assist the city government in developing feasibility studies and business cases right up to the bidding process. — Emme Rose Santiagudo