Manila: The Philippines is set to undertake 248 projects valued at PHP2.94 trillion through a collaboration between the government and the private sector, as revealed by data from the Public-Private Partnership (PPP) Center. This initiative aims to bolster infrastructure development across various sectors.

According to Philippines News Agency, out of these projects, 166 are valued at PHP2.81 trillion and will be executed by the national government. The remaining 82 projects, worth PHP134.82 billion, are slated for implementation by local government units. The railway sector holds the largest share, with projects totaling PHP2.07 trillion. This is followed by the aviation sector at PHP1.26 trillion and the road sector at PHP944.77 billion.

The majority of these projects are concentrated in the National Capital Region, Central Luzon, and Calabarzon. Finance Secretary Frederick Go previously stated that the government intends to increasingly rely on PPPs as an alternative to concessional financing. He emphasized the need for new financing sources as the country transitions to an upper-middle-class economy, reducing its dependency on concessional loans.