Author Topic: Private Public Partnership (PPP)  (Read 658 times)

MikeLigalig.com

  • FOUNDER
  • Webmaster
  • *****
  • Posts: 33284
  • Please use the share icons below
    • View Profile
    • Book Your Tickets on a Budget
Private Public Partnership (PPP)
« on: January 07, 2011, 07:15:06 AM »
By Lilybeth G. Ison

MANILA, Jan. 6 (PNA) -- With the series of increases in utility costs, including the use of Metro Manila's light rail mass transport and its expressway system, a party-list lawmaker on Thursday recommended a review on existing laws on privatization, build-operate-transfer (BOT) scheme and other related arrangements between the government and the private sector to ensure that public interest remains as the overriding consideration in future Private Public Partnership (PPP) deals especially on projects that involve public utility services.

"Public welfare should not be sacrificed in exchange for capital investments. The government should exercise caution on its future privatization plans and Private Public Partnership arrangements and see to it that public interest is fully protected," said Ang Kasangga party-list Rep. Teodorico Haresco.

Haresco, vice-chair of the committee on small business and entrepreneurship development of the House of Representatives, said that although critical services which are now in the hands of the private sector such as water, electricity and even expressway management have improved in terms of quality and efficiency, public utility companies are rushing too much in their bid to recover their investment costs and immediately rake in profit.

"That's the problem in allowing the private sector to run key public utility services because while they are more efficient, private companies are doing business purely for profit, in which case, public welfare is completely set aside. This is something that the government should consider before entering into privatization and PPP arrangements on projects that have direct public impact," he said, noting that the PPP is just a revised tag for the BOT scheme which he helped conceptualize.

Linkback: https://tubagbohol.mikeligalig.com/index.php?topic=36163.0
John 3:16-18 ESV
For God so loved the world, that he gave his only Son (Jesus Christ), that whoever believes in him should not perish but have eternal life. For God did not send his Son into the world to condemn the world, but in order that the world might be saved through him. Whoever believes in him is not condemned, but whoever does not believe is condemned already, because he has not believed in the name of the only Son of God.

👉 GET easy and FAST online loan at www.tala.com Philippines

Book tickets anywhere for planes, trains, boats, bus at www.12go.co

unionbank online loan application low interest, credit card, easy and fast approval

Tags: