Rising tycoon Francis Lloyd Chua and billionaire Gautam Adani, the second-richest man in India, are exploring the possibility of teaming up for a $1.8-billion industrial estate and transshipment port in Bataan province northwest of Metro Manila.
The loan will replenish the Project Development and Monitoring Facility (PDMF), managed by the Public–Private Partnership Center (PPPC), which supports the design and implementation of bankable PPP projects.
The Private Sector Advisory Council (PSAC) of President Ferdinand Marcos Jr. has proposed a set of urgent measures to address escalating flood risks in both Metro Manila and rural areas.
The United States Agency for International Development and the PPP Center have agreed to work together to create a strong pipeline of public-private partnership projects for local governments and other partners.
A PPP project won by property giant Ayala Land Inc. during the Aquino administration could soon be revived after the Department of Transportation resolved a nearly decade-long impasse.