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Philippines
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Home > Country profiles > Philippines > Articles > Article detail






‘Economic restrictions hampered PPP projects’

Monday, 28th November 2017

"...According to the report, the country has posted modest number of shares of PPP projects that have reached financial close in transportation (23 percent), ICT (6 percent), water (5 percent) and social infrastructure (2 percent). Among the surveyed countries, excluding Papua New Guinea, the Philippines ranked fourth in number of PPP projects completed in transportation and ICT, fifth in water and third in social infrastructure. The country ranked fourth in number of PPP projects that have reached financial close in the energy industry.

Aside from the constitutional restriction on foreign ownership, the country has a “notorious” record on dispute resolution and enforcement mechanism.

“Although the dispute-resolution mechanism is transparent, it is still considered not efficient and time-consuming, aside from costly court processes. Typically, the resolution of disputes is left to the discretion of parties, including the use of alternative dispute resolution with agreements citing international arbitration as a mechanism of choice,” the report read..."

Read in full: 


Web-link: http://www.businessmirror.com.ph/economic-restrictions-hampered-ppp-projects/
Language: English
Contact: Elijah Felice Rosales


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