The Asian Development Bank (ADB) has approved a USD30 million loan to enhance public-private partnership (PPP) projects in the Philippines, focusing on infrastructure development, climate action, and economic competitiveness. The funding will replenish the Project Development and Monitoring Facility (PDMF) under the Public-Private Partnership Center (PPPC). This initiative aims to support up to 35 national and local PPP projects from 2025 to 2029, ensuring they undergo climate risk assessments and align with the country’s climate goals. Key sectors include railways, roads, and essential community facilities.
ADB will also fund capacity-building programs for government agencies and local government units (LGUs) to improve PPP project development and management. Additionally, frameworks for project evaluation in emerging PPP sectors and contingent liabilities management will be established to ensure fiscal sustainability. This loan complements ADB’s ongoing efforts to promote private sector participation in infrastructure, reinforcing its commitment to sustainable growth in Asia and the Pacific.