A BUSINESS leader welcomed the government’s plan to enhance transport links within and between regions as focus for its public-private partnerships (PPPs) in infrastructure.
“This would be an excellent idea as long as the correct economies of scale create efficiency. But the government has to remain active in key services sectors to create the right opportunity for business to flourish and employment to grow,” said Dondi Joseph, president of the Cebu Business Club (CBC).
Joseph also stressed that private investors will always consider profit when evaluating investment potential, so the government needs to make the right plan for it.
The PPP is a strategy to finance government projects like infrastructure and basic services through the assistance of the private sector.
“Addressing transportation gaps and completing the whole transport infrastructure towards the centers should be prioritized, as these will help lessen the cost of doing business in the country,” National Economic and Development Authority (Neda) Director General Cayetano W. Paderanga Jr. said in a report.
Paderanga said planners are currently drafting a national transport plan that will provide policy directions for a complete network of transport infrastructure to ease economic integration among regional growth centers.