JFC Statement on Foreign Investment in Public Infrastructure
July 19, 2011 at 06:02
Poor infrastructure has repeatedly been cited as a leading reason why investment – both domestic and foreign – is currently too low to sustain a fast-growing national economy. Without adequate investment and job creation, millions of Filipinos have had no other choice than to seek employment abroad, often incurring the hardship of family separation. The Aquino administration itself recognizes the need to tap public-private partnerships (PPP) in order to accelerate the financing, construction, and operation of vital government infrastructure projects.
This briefing memo discusses how to maximize foreign investor participation without overstepping the bounds set by the Philippine Constitution. Fortunately, statutes and judicial precedents are in place that can serve as guides for future projects. To view the rest of the statement, click here.
