KPMG Global says PHL a strong investment destination

By KATHRYN MAE P. TUBADEZA, GMA News

Published January 14, 2015 4:39pm

The flagship public-private partnership (PPP) program of the government has helped the Philippines become a strong investment destination in the region, a KMPG Global Infrastructure official said Wednesday.

"The Philippines is emerging as a strong investment destination in the region," KPMG Global chairman James Stewart told reporters during a media roundtable in Makati City, citing the PPP initiative.

What is important is that eight PPP deals have been signed and are underway, he said.

The government has so far awarded eight PPP projects:

Light Rail Transit Line 1 Cavite extension

Mactan-Cebu International Airport Passenger Terminal Building

Automatic Fare Collection System

Modernization of Philippine Orthopedic Center

PPP for School Infrastructure Project Phase I

PPP for School Infrastructure Project Phase II

Daanghari-SLEX Link Road

Ninoy Aquino International Airport Expressway

Having a PPP pipeline in place is another plus factor, Stewart said.

At present, there are 12 PPP projects under procurement, two projects for roll out, and six projects pending approval of National Economic Development Authority (NEDA) Board and NEDA-ICC.

However, Stewart noted there are threats such as the 2016 elections and corruption. "Election causes disruption, investors will be nervous," he said

A political process gives investors a confidence problem, he added. – VS, GMA News

Tags: kpmgglobalsemiconductorsurvey, kpmgglobal, pppinitiative