President Benigno Aquino III has issued an executive order reorganizing the Build-Operate-Transfer Center in fresh efforts to accelerate the financing, construction and operation of key government infrastructure projects through public-private partnership.
In issuing Executive Order No. 8, the President renamed the Build-Operate-Transfer (BOT) Center to Public-Private Partnership (PPP) Center of the Philippines, whose functions will now be supervised by the National Economic and Development Authority. The BOT Center was previously under the wings of the Department of Trade and Industry.
The order, which was signed by the President on September 9, also earmarked P300-million working fund for the studies and activities of selected PPP programs and projects.
During the 30-day transition period, the current executive director of the BOT Center will lead the agency until a new head is appointed by the President upon the recommendation of Socioeconomic Planning Secretary Cayetano W. Paderanga.
Among the functions of the PPP Center is to extend assistance to all local government units and other government instrumentalities in the implementation of the projects, provide advisory services in PPP project preparation and development, recommend policies with regard to program implementation, monitor all government PPP projects and programs, and manage and administer the revolving fund to be called the Project Development and Monitoring Facility.
The EO likewise mandated the PPP Center to complete within six months the processing of qualified solicited proposals subject to existing laws, guidelines, and rules and regulations. (PCOO/PIA)