{"id":56727,"date":"2015-07-23T17:50:51","date_gmt":"2015-07-23T09:50:51","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=56727"},"modified":"2025-01-09T12:54:16","modified_gmt":"2025-01-09T17:54:16","slug":"ppp-centers-to-fuel-infrastructure-development-in-asia-pacific","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2015\/07\/23\/ppp-centers-to-fuel-infrastructure-development-in-asia-pacific\/","title":{"rendered":"PPP centers to fuel infrastructure development in Asia Pacific"},"content":{"rendered":"

\"shutterstock_167720543\"<\/a><\/p>\n

ILOILO CITY — Establishing public-private partnership (PPP) centers in Asia Pacific countries will fuel infrastructure development in the region, said Canadian Ambassador Neil Reeder on Thursday during the Asia Pacific Economic Cooperation (APEC) meet here.<\/p>\n

Reeder, who is also co-chair for APEC PPP Experts Advisory Panel, said the Philippines\u2019 successful PPP Center now becomes the model for the ASEAN and the APEC regions.<\/p>\n

\u201cThe Philippines chooses to advance its infrastructure development through the PPP Center. The Philippines adapted successful practices and its practices are now being adapted by other economies in the region,\u201d he said.<\/p>\n

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<\/p>\n

Following the country\u2019s establishment of PPP center are Indonesia and China while it can further adapt best PPP practices from Canada which is one of the most successful in the region, the envoy cited.<\/p>\n

He mentioned that the Canadian government has provided USD4.<\/p>\n

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2 million to the Philippines\u2019 PPP Center for its capacity building.<\/p>\n

\u201cI do congratulate the government of the Philippines,\u201d Reeder said. \u201cPresident (Benigno) Aquino (III) government has done a remarkable PPP Center.\u201d<\/p>\n

The PPP Center was created to facilitate the implementation of the country\u2019s PPP projects to accelerate development particularly in infrastructure sector.<\/p>\n

Moreover, the Canadian envoy mentioned that APEC\u2019s workshop on infrastructure financing and capital market development happening in Iloilo City from July 23 to 24 has stirred \u201ctremendous interest in the PPP concept and tremendous interest from private sector in assisting PPP projects.\u201d<\/p>\n

Reeder mentioned that at least US$ 3.0 trillion is needed to fund infrastructure development in Asia Pacific.<\/p>\n

\u201cThe demand is huge,\u201d he noted.<\/p>\n

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<\/p>\n

\u201cAll these economies are now trying how to advance infrastructure projects and infrastructure process,\u201d he added.<\/p>\n

Meanwhile, the Canadian envoy said the Philippines hosting of APEC is a big opportunity to bring the Asia Pacific region to the country which will support the government\u2019s move in positioning the country as an investment destination.<\/p>\n

In particular, the PPP Center is now looking for private partners for the expansion of the Iloilo International Airport.<\/p>\n

The PPP Center is also in talks with the local government of Iloilo City for a rail project that will decongest the traffic in the city and also to link the city to other parts of Iloilo.<\/p>\n

A government center is also being eyed here where all government offices will be located in one area.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

ILOILO CITY — Establishing public-private partnership (PPP) centers in Asia Pacific countries will fuel infrastructure development in the region, said …<\/p>\n","protected":false},"author":44,"featured_media":33891,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-56727","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","mauthors-kris-m-crismundo","mauthors-philippines-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/56727","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=56727"}],"version-history":[{"count":1,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/56727\/revisions"}],"predecessor-version":[{"id":281749,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/56727\/revisions\/281749"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/33891"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=56727"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=56727"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=56727"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}