The Asian Development Bank (ADB) has approved a $30 million loan to back public-private partnership (PPP) projects in the Philippines, aimed at boosting infrastructure, advancing climate action, and driving economic growth.
The loan will replenish the government’s Project Development and Monitoring Facility (PDMF), managed by the Public-Private Partnership Center, to fund the design and rollout of viable PPP projects.
The funding also aims to strengthen the skills of local government units (LGUs) and implementing agencies to manage these projects more effectively.
“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.”
