Philippine PPP initiative gets funding boost from Australia

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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About the author

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    Ivy Mungcal

    As senior staff writer, Ivy Mungcal contributes to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.