The Department of Transportation and Communications Secretary Joseph Abaya admitted that the Public-Private Parnertship (PPP) projects, clarifying that the agency was being careful before plunging into ventures that had not been properly studied.
Sec. Abaya revealed during the hearing on the DOTC budget the causes of delay, despite the delays, the administration is bent on pursuing private-public partnership (PPP) projects and doing its best to accommodate the demands of the private sector.
The DOTC added further that despite the delay, no company had expressed a desire to drop its bid for PPP projects, the government were also tying to accommodate requests of the private firms, but not without taking the public interest into consideration.
The PPP business ventures are funded through partnerships between government agencies and private sector companies for the purpose of putting up projects that would serve the public interest.
DOTC Sec. Joseph Emilio Aguinaldo Abaya
