Public Private Partnership in the Philippines
An Overview on the Risks and Rewards of
Public Private Partnership
In Philippine Infrastructure Construction
Submitted By:
Jared Aaron R. Cruz
Submitted to:
Dr. Felix Aspiras
Methodology
The researcher used the historical research method that provided information on the value of Public-Private Partnership in Philippine Infrastructure Construction. The data provides an overview on how valuable, whether it be for the benefit or detriment of the country, PPP projects are in the socio-economic paradigm. The gathered data were from relevant books, research papers, government data, and thru papers released by relevant parties.
What is Public–Private Partnership?
Public–private partnership (PPP) describes a government service or private business venture which is funded and operated through a partnership of government and one or more private sector companies. These schemes are sometimes referred to as PPP, P3 or P3. 1
1 http://en.wikipedia.org/wiki/Public%E2%80%93private_partnership
1 http://en.wikipedia.org/wiki/Public%E2%80%93private_partnership
One of the possible reasons why PPP is the format as to how the Philippine government is conducting most of its high budgeted infrastructure projects is clearly stated by Ferreira and Khatami “The private sector is playing an increasingly crucial role in the financing and provision of services that were traditionally the domain of the public sector. One of the key reasons is that governments are unable to cope with the ever-increasing demands on their budgets. Most infrastructure expenditures in developing countries have been funded directly from fiscal budgets but several factors such as macroeconomic instability and growing investment requirements have shown that public financing is volatile and, in many countries, rarely meet crucial infrastructure expenditure requirements in a timely and adequate manner.”
PPP involves a contract between a public sector authority and a private party, in which the
Public Private Partnership
In Philippine Infrastructure Construction
Submitted By:
Jared Aaron R. Cruz
Submitted to:
Dr. Felix Aspiras
Methodology
The researcher used the historical research method that provided information on the value of Public-Private Partnership in Philippine Infrastructure Construction. The data provides an overview on how valuable, whether it be for the benefit or detriment of the country, PPP projects are in the socio-economic paradigm. The gathered data were from relevant books, research papers, government data, and thru papers released by relevant parties.
What is Public–Private Partnership?
Public–private partnership (PPP) describes a government service or private business venture which is funded and operated through a partnership of government and one or more private sector companies. These schemes are sometimes referred to as PPP, P3 or P3. 1
1 http://en.wikipedia.org/wiki/Public%E2%80%93private_partnership
1 http://en.wikipedia.org/wiki/Public%E2%80%93private_partnership
One of the possible reasons why PPP is the format as to how the Philippine government is conducting most of its high budgeted infrastructure projects is clearly stated by Ferreira and Khatami “The private sector is playing an increasingly crucial role in the financing and provision of services that were traditionally the domain of the public sector. One of the key reasons is that governments are unable to cope with the ever-increasing demands on their budgets. Most infrastructure expenditures in developing countries have been funded directly from fiscal budgets but several factors such as macroeconomic instability and growing investment requirements have shown that public financing is volatile and, in many countries, rarely meet crucial infrastructure expenditure requirements in a timely and adequate manner.”
PPP involves a contract between a public sector authority and a private party, in which the