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.
Read more development aid news online, and subscribe to The Development Newswire to receive top international development headlines from the world’s leading donors, news sources and opinion leaders — emailed to you FREE every business day.
