Manila: The Philippines currently has 247 projects worth PHP2.98 trillion in the pipeline to be undertaken by the government and the private sector, data from the Public-Private Partnership (PPP) Center showed. As of Tuesday, 168 projects worth PHP2.84 trillion will be implemented by the national government while the remaining 79 projects worth PHP133.21 billion will be implemented by local government units.

According to Philippines News Agency, railway projects accounted for the biggest portion with total projects amounting to PHP2.07 trillion, followed by aviation at PHP1.26 trillion, and road projects at PHP944.77 billion. The majority of these projects will be located in the National Capital Region, Central Luzon, and Calabarzon.

Finance Secretary Frederick Go earlier said that in the coming years, the government will be more reliant on PPPs as an alternative to concessional financing. "We will be less reliant on concessional loans once the country moves into an upper-middle class," he said. "So we will have to find other sources of financing."