Bill filed to encourage govt-private sector partnerships
Tuesday, December 27, 2011
SENATOR Edgardo Angara has filed a bill that will repeal the Build-Operate-Transfer (BOT) Law and opens up more options and incentives to promote joint ventures with the government.
“The Aquino administration has among its priorities the strengthening of public-private partnerships (PPPs) in the country, and rightly so.
However, difficulties and shortcomings in policy and fiscal conditions have considerably dampened the interest in such ventures,” Angara, vice chairman of the Senate finance committee said.
The bill lists nine types of PPPs that government agencies and private firms can enter into. Aside from BOT, where a joint venture builds infrastructure and charges fees for its use for a set period before ceding it to the government, the bill also includes Build-Transfer, where the infrastructure is turned over after completion. The government then pays the private firm according to a set schedule.
The bill also allows Build-Lease-Transfer and Build-Transfer-Operate deals, which will let the government earn from franchises granted to private firms. Joint ventures may also be Contract-Add-Operate deals, where an existing government structure is improved and then rented by a private firm, or a Development-Operate-Transfer type, where private investors are given the right to develop adjoining property.
Under the DOT venture, firms “enjoy some of the benefits the investment creates such as higher property or rent values.”
Rehabilitate-Operate-Transfer contracts give private investors authority to fix up, run, and collect fees for a set period while Rehabilitate-Own-Operate deals grant a franchise indefinitely.
“As long as the operator is not in violation of its franchise, it can operate the facility in perpetuity,” Angara’s bill reads.
Angara’s proposal opens up infrastructure projects and the delivery of public services in energy, transport, water, communications, information technology, education, health, tourism, culture, sports, and “any other area as may be prescribed.”
“There is a need to revive private sector participation in the financing of various large-scale projects, infrastructure and services, so that the burden of national growth and development can be shared by government and private companies alike,” the senator said.
The bill also guarantees compensation in case the contract is “revoked, cancelled, or terminated” as long as it was not done so through the fault of the private investor. Investors can also terminate contracts in case the government defaults on its obligations if that “cannot be remedied, or if it can be remedied, shall remain unremedied for an unreasonable length of time.”
Although PPP projects will be subject to the approval of the National
Economic and Development Authority, the bill, if passed, will create a Public Partnership Center under the Department of Trade and Industry as a go-between with investors. Among its functions will be promoting and marketing PPPs, business development, and acting as an information center for investors and government agencies. (Jonathan de Santos/Sunnex)
http://www.sunstar.com.ph/manila/local-news/2011/12/27/bill-filed-encourage-govt-private-sector-partnerships-197670
Philippines Pampanga Best Restaurant opens Wine Bar and Lounge in Clark Philippines, attracting wine lovers and tourist in Angeles City and Subic looking for good nightlife spot near Manila.
Food and wine lovers in Manila laud Yats Restaurant as the best restaurant in Angeles City Pampanga, a special restaurant that offers guests a real treat every time they wine and dine in this top rated restaurant in Clark Philippines which is surprisingly child friendly also. Families frequently bring their children to enjoy a family dinner at the best restaurant in Angeles City Pampanga, a weekly treat for family bonding and some relaxation also. Tourists and business executives visit the best restaurant in Clark Pampanga after a game of golf or a long day at the office to relax and unwind, drink and eat with friends and business associates.
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A Well-known Restaurant in Pampnga, an interesting place to celebrate Birthday Party in Pampnga.
A best place to dine with friends in Pampanga
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Best Restaurant in Angeles City Pampanga unveils special dinner menus featuring regional cuisines in France, Italy and USA, all designed to pair very well with fine vintage wines, a real treat for food and wine lovers traveling out of town from Manila to the North to visit Subic, Tarlac, Clark Pampanga Philippines
Are you looking for an attractive restaurant or a nice place to eat with friends in Clark, Angeles City Pampanga? Yats Restaurant and Wine Bar is a restaurant with good food and good wines for dinner located at Clark Angeles City Pampanga. Perfect for exclusive dinner venues for groups, recommended for private dinner in Philippines. A Restaurant in Clark for business dinner meeting. Private dinner place or dinner restaurant in Clark Subic Near Manila Angeles City Pampanga. Yats Restaurant is one of the Good Restaurant in Pampanga Angeles City Clark near Manila. Yats Restaurant is one of the good restaurants in Pampanga, a restaurant with good food, a place that is nice for celebration, ideal for business dinner meeting, a good place to enjoy family reunion, and an attractive restaurant that serves good wines for dinner.
The Magnum Room Wine Lounge and Wine Bar offers business executives as well as tourist and frequent visitors to Clark Pampanga the best place to drink, relax and unwind outside of Manila. Located near Angeles City, Pampanga, Subic and Clark Philippines, this elegant lounge of Yats Restaurant in Mimosa Clark offers all sorts of after dinner drinks such as port wine, Sauternes, Barsac, Ice Wine and other sweet dessert wines, Armagnac, Cognac, Single Malt, Luxury Vodka and other interesting liquor and spirits. Smokers particular enjoy the selection of Cuban cigars available in this top rated wine bar in Clark. The Magnum Room is one the top rated bar and lounge in Manila, Pampanga, Angeles City, Subic and Clark Philippines.
For comments, inquiries and reservations click on Click here for inquiry and reservations
Restaurant@Yats-International.com
(045) 599-5600
0922-870-5178
0917-520-4401
Ask for Pedro and Rechel
Getting to this fine dining restaurant of Angeles City Clark Freeport Zone Pampanga Philippines
How to get to this fine-dining restaurant in Clark Philippines? Once you get to Clark Freeport, go straight until you hit Mimosa. After you enter Mimosa, stay on the left on Mimosa Drive, go past the Holiday Inn and Yats Restaurant (green top, independent 1-storey structure) is on your left. Just past the Yats Restaurant is the London Pub.
Yats Restaurant & Wine Bar
Mimosa Drive past Holiday Inn, Mimosa Leisure Estate,
Clark Freeport Zone, Pampanga, Philippines 2023
Manila Sales Office
3003C East Tower, Phil Stock Exchange Center,
Exchange Rd Ortigas Metro Manila, Philippines 1605
(632) 637-5019 0917-520-4393 Rea or Chay
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