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PPP bill aims to increase PH’s economic growth: PLLO

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To promote economic growth in the nation, the Build-Operate-Transfer (BOT) Law needs to be amended, according to the Presidential Legislative Liaison Office (PLLO).

To get input from stakeholders on the proposed Public-Private Partnership (PPP) Act, which will abolish the BOT Law, the PLLO convened an inter-agency focus group discussion on Wednesday at the Novotel in Quezon City.

Agapito Guanlao, PLLO Undersecretary for the House of Representatives, solicited comments and recommendations from the audience during the panel discussion, which will be taken into account when creating a draft of the bill as a whole.

Guanlao claimed that the country would gain from the BOT law revision.

This, in my opinion, is long overdue. And I believe that to stimulate economic growth during the current economic crisis, the BOT Law needs to be amended, according to Guanlao.

According to Bernardito Sayo, PLLO Undersecretary for Senate, Stakeholder involvement is essential to produce a “clean copy” of the PPP law that would be sent to Congress for consideration.

Sayo stated, “We are aware of the aim provided to us by the Speaker and the Senate President at the LEDAC when they mentioned that this specific bill is one of the low-hanging fruits that may be ready for harvest by the end of this year.

The National Economic and Development Authority, the Department of Finance, officials from the Senate and House of Representatives, the PPP Center, and the Development Bank of the Philippines were among the stakeholders at the conference.

Representatives from the budget, justice, public works, transportation, information and communications technology, human settlements, local government, and environment departments were also present.

The proposed PPP Act aims to resolve obstacles preventing the PPP Program’s implementation and to clarify ambiguities in the current BOT Law.

Through open, transparent, and effective government regulation and procedures to safeguard the public interest and encourage active private-sector engagement, it also attempts to develop a competitive and enabling environment for PPPs.

On October 10, Ma. Cynthia Hernandez, executive director of the PPP Center, emphasized that although the government recently amended the BOT Act through new implementing rules and regulations (IRR), several legal inconsistencies still exist.

Hernandez emphasized the necessity to alter the current BOT statute during the inaugural consensus-building meeting with PLLO on September 22, stressing that the idea of collaborations between the public and private sectors had already “developed.”

“Build-operate-transfer is now referred to as PPP. What was once considered exclusive to hard infrastructure projects like power plants, toll highways, and airports is increasingly used in social infrastructure, ICT, and services. According to her, the governing law must change because the PPP concept has matured.

President Ferdinand R. Marcos named the PPP Act in his first State of the Nation Address in July as one of the priority bills of the Marcos administration.

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