THERE continues to be room for development with regards to the regulatory framework of the public-non-public partnership (PPP) program within the Philippines even though it is intently aligned with the world over diagnosed right practices, a World Bank file launched on Thursday revealed.
Well designed PPPs applied in a balanced regulatory environment can deliver extra performance and sustainability in offering public offerings such as water, sanitation, electricity, shipping, telecommunications, health care, and education, in keeping with the WB’s “Benchmarking PPP Procurement 2017.”
Among its notable blessings, PPPs can leverage at the control potential, innovation, and expertise of the private zone whilst the traditional public area method could from time to time be extra suitable, it stated.
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