PH secures $30-M ADB loan for infra, climate-resilient PPP projects

December 13, 2024
10:48AM PHT

The Asian Development Bank (ADB) has approved a $30-million loan to enhance public–private partnership (PPP) projects in the Philippines, aiming to strengthen infrastructure development, advance climate action, and boost economic competitiveness.

The loan will replenish the Project Development and Monitoring Facility (PDMF), managed by the Public–Private Partnership Center (PPPC). This fund supports the design and implementation of bankable PPP projects while building the capacity of implementing agencies and local government units (LGUs).

The loan will support the design and implementation of bankable PPP projects./ Photo from the ADB

“The Philippines is considered one of the leaders in the Asia and the Pacific region in the use of PPPs as a modality for addressing infrastructure gaps and pursuing sustainable growth and development,” said ADB Philippines Country Director Pavit Ramachandran

“Through this new loan, ADB is helping ensure the continuous preparation of bankable and feasible climate-resilient PPP projects in the country as well as the availability of global expertise for successful PPP implementation,” he added.

From 2025 to 2029, the loan will support up to 35 national and local PPP projects, including railways, roads, transport networks, and community facilities. These projects will undergo climate risk assessments to align with the country’s nationally determined contributions.

Additionally, a comprehensive capacity-building program will be developed for the PPPC, implementing agencies, and LGUs. The loan will facilitate a project evaluation framework for emerging PPP sectors and a contingent liabilities framework to ensure fiscal sustainability.--Ed: CSN

Featured News
Explore the latest news from InsiderPH
Tuesday, 24 June 2025
Insight to the one percent
© 2024 InsiderPH, All Rights Reserved.