Australia is investing an additional $15 million in support of the Philippine government’s effort to improve the country’s infrastructure through public-private partnership projects.
The money will be provided through a grant administered by the Asian Development Bank. Of the total grant, $9 million will go toward the Philippines’ Project Development and Monitoring Facility and $6 million will finance capacity-building initiatives in various government agencies. The PDMF is a revolving funding facility that supports PPP project preparations.
The new funding comes on top of the $7 million Australia provided for PPP development in 2011.
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