Project Development and Monitoring Fund

The Project Development and Monitoring Fund (PDMF), set up in 2010 under Executive Order No. 8, provides government funding that implementing agencies can tap to help them identify, prioritize, and prepare PPP projects, and for related advisory services (Figure 12.5). Since 2010, the PDMF has supported 35 of the 53 projects in the Philippines' PPP program, with 45 out of 76 applications for PDMF funding approved. Since 2011, the fund has disbursed 2.15 billion ($42.9 million), according to the PPP Center, which administers the fund.

The center also assists in the deal flow of solicited PPP projects. Through the fund, it prepares business cases, prefeasibility studies, and tender documents for projects. The PDMF is financed by the Government of the Philippines and the Australian Agency for International Development, and is administered by the Asian Development Bank. By 2016, the fund stood at $69.5 million: $51.5 million from the Philippines and $18 million from Australia (Ricote 2016).

Figure 12.5: The Philippines' Project Development and Monitoring Fund Flowchart

Source: Public-Private Partnership Center of the Philippines. 2011. Project Development and Monitoring Facility Guidelines. Manila.