NEDA approves P25-B public-private partnership projects
Louella Desiderio (The Philippine Star) - October 15, 2015 - 10:00am

MANILA, Philippines - The National Economic and Development Authority (NEDA) Investment Coordination Committee-Cabinet Committee (ICC-CC) has approved three public-private partnership (PPP) projects worth over P25 billion.

In a statement, the PPP Center said the three projects that received the green light of the ICC-CC are the Philippine Travel Center Complex (PTCC) of the Department of Tourism, the Plaridel Bypass Toll Road of the Department of Public Works and Highways and Batangas-Manila (BatMan) 1 Natural Gas Pipeline project of the Philippine National Oil Co.

The P1.747-billion PTCC project involves the financing, design, construction and maintenance of a mixed-use, multimodal complex that will house various tourism-related agencies in Intramuros, Manila.

The PTCC is envisioned to house all transactions related to travel and tourism in a single complex.

Aside from being a one-stop shop, the PTCC would also have mixed-used development to bring in commercial interests.

The PTCC is expected to improve the delivery of government services and further facilitate ease of doing business.

The P9.387-billion Plaridel Bypass Toll Road, meanwhile, is a 23.3-kilometer road starting at the Balagtas interchange in North Luzon Expressway up to San Rafael, Bulacan.

BALAGTAS DEPARTMENT OF TOURISM INVESTMENT COORDINATION COMMITTEE-CABINET COMMITTEE NATIONAL ECONOMIC AND DEVELOPMENT AUTHORITY NATURAL GAS PIPELINE NORTH LUZON EXPRESSWAY PHILIPPINE NATIONAL OIL CO PHILIPPINE TRAVEL CENTER COMPLEX PLARIDEL BYPASS TOLL ROAD PLARIDEL BYPASS TOLL ROAD OF THE DEPARTMENT OF PUBLIC WORKS AND HIGHWAYS AND BATANGAS-MANILA SAN RAFAEL
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