Topic: Opportunities in the Infrastructure Industry and Public-Private Partnerships in the Philippines
Host: Deputy Chief of Mission Brian L. Goldbeck
Date, time, time zone for call: Monday, August 19, 2013; 7:00 p.m. EDT (August 20, 2013; 7:00 a.m. local)
Deadline for RSVPs: Thursday, August 15, 2013
Brief description of call: In 2013, the Philippine government expanded its infrastructure budget to record levels. In the first half of 2013 alone, infrastructure spending increased 45% to US$1.75 billion. In June, President Aquino approved another US$1.75 billion to fund four new projects under the Public Private Partnership (PPP) program. New construction includes roads, irrigation systems, educational facilities, hospitals, and health centers.
Demand is expected to grow further as the Philippines continues to invest heavily in infrastructure improvement and expansion in order to become more competitive with its neighbors. Rapid urbanization and population growth will only likely increase Philippine infrastructure needs, especially in power, roads, airports, and water. Deputy Chief of Mission Brian L. Goldbeck will be on hand with members of the Embassy’s economic team to discuss public-private partnerships and other exciting opportunities in the Philippine infrastructure sector.
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