The huge investment requirements of the infrastructure sector, coupled with the government's need to observe fiscal discipline, means that government shall tap the private sector for the financing, construction, operation, maintenance, and rehabilitation of major infrastructure in high-priority areas, such as transportation, power and water.
To this end, the environment for the implementation of PPPs shall be improved by revisiting the following guidelines and policies:
a. RA 7718 and its Implementing Rules and Regulations (IRR);
b. Guidelines and Procedures for entering into Joint Venture (JV) Agreements between Government and Private Entities; and
c. RA 9184 or the General Procurement Reform Act.
The objective of the review shall be to clarify ambiguous provisions and streamline the procedures and processes of project approval and implementation.
Experience during the global financial crisis and constraints encountered by concerned agencies in processing and implementing PPP projects will also be considered to make these guidelines and policies more responsive and attractive to the private sector.