US firms urged to bid for major PH infra projects
WASHINGTON, DC — Taking advantage of the growing interest of foreign investors in the Philippine economy, the Philippine government is urging US businesses to bid for a number of major infrastructure projects that are in the pipeline.
“Tremendous opportunities exist in the Philippines for infrastructure development,” said Ambassador Jose L. Cuisia, Jr. noting his government’s successful participation in the recent 8th Global Infrastructure Leadership Forum in New York City.
“It was a great learning and networking opportunity for foreign engineering and construction companies, institutional funders with expertise in infrastructure investments and project consultants, as well as for our own delegation,” said Cuisia.
During the two-day forum that was participated in by 300 attendees from all over the world, the Philippine delegation led by Public Works and Highways Secretary Rogelio Singson presented various investment opportunities in infrastructure projects in the country.
“Good governance and anti-corruption reforms produced marked improvements in the infrastructure sector, which has strong convergence with agriculture, tourism, flood mitigation and an integrated transport system,” Singson said, citing the 250 percent growth in the infrastructure budget of the Philippines in 2015 from its 2010 level.
“The Philippines was received very favorably by the forum attendees who also noted that the extent of infrastructure building that the Philippines is embarking on is very impressive,” said Peter Thieman, of Dentons, LLP, one of the sponsors of the forum.
Antonio Ferrera, director general of Acea Dominicana, a subsidiary of Italy-based environmental-industrial conglomerate, Acea SpA, expressed admiration for Manila Water Company’s best practice case for the East Zone Concession.
Among the other Philippine projects presented were the Laguna Lakeshore Expressway Dike; the Batangas-Manila Natural Gas Pipeline; and the Mass Transit System Loop Project.
Aside from Singson, the other members of the government delegation were Transportation and Communications Undersecretary Rene Limcaoco and Public Private Partnership Center Executive Director, Undersecretary Cosette Canilao.
The Philippine private sector delegation was composed of Virgilio Rivera, group director of Manila Water; Aaron Domingo, director of Meralco PowerGen Corporation; and Delfin Wenceslao, president of the Philippine Constructors Association and officers Bayani Fernando and Marie Lourdes Fernando of BF Corporation; Levy Espiritu of Datem, Inc.; Oscar Mercado of EEI; and Manuel Louie Ferrer of Megawide.
The forum, which was started in 2002, was organized by CG/LA Infrastructure, a Washington-based firm involved in identifying key market opportunities and challenges in the global infrastructure arena.
The forum was highlighted by the signing by Cuisia and US Commerce Secretary Arun Kumar of a Memorandum of Cooperation between the Philippines and the United States.
The agreement establishes a US-Philippines Infrastructure Collaboration Platform between the National Economic and Development Authority (NEDA) and the Department of Commerce that seeks to facilitate US industry participation in Philippine infrastructure projects.
“The agreement creates a platform for potential US investors to get notification and information about forthcoming infrastructure projects, which would be useful to enhancing awareness and attracting the attention of American investors in the Philippines,” Cuisia said.
