Infrastructure development in the country will get a much needed boost.
The Public-Private Partnership (PPP) Center and the Ateneo de Manila University teamed up to expand research on PPPs and capacity building.
The two parties inked a memorandum of understanding for the expansion of PPPs and infrastructure development through research, education, and capacity building.
The agreement aims to help the country’s PPP program capture related knowledge and build expertise for its practitioners.
The partnership comes at a better time when the country is heavily dependent on infrastructure projects to ensure economic rebound from the pandemic, PPP Center executive director Ferdinand Pecson said.
“It is necessary to build the capacities, of both the public and the private sector, to pursue infrastructure projects through the different modes available,” Pecson said.
Ateneo Professional Schools vice president John Paul Vergara, for his part, said the role of the private sector is a crucial component of the government’s flagship Build, Build, Build program.
“With the government embarking on enhancing such a program to stimulate the economy, there is a need to review documents, and communicate best practices and lessons learned from actual PPP projects, through research papers, policy notes, case studies, and training materials,” Vergara said.
With the PPP Center and Ateneo’s expertise, the MOU is expected to help bridge and merge PPP theories with actual evidence, creating a body of knowledge on PPPs captured in various knowledge products and different learning tools.