The Philippines PTCC projects will now be funded through internal government funds

Published on : Monday, March 27, 2017

PhilippinesTHE Philippine Travel Center Complex (PTCC) has been delisted from the public-private partnership (PPP) pipeline of projects and will now be financed through internal government funds. According to NEDA Director Jonathan L. Uy, “The Department of Tourism (DoT) will implement with TIEZA (Tourism Infrastructure and Enterprise Zone Authority) funds/execution.”

 
According to the Public Private Partnership Center (PPPC), the tourism department will now be focusing on the New Nayong Pilipino at Entertainment City Project. As per PPP Center Executive Director Ferdinand A. Pecson, “On the Philippine Travel Center Complex, actually the agency has informed us that they will no longer pursue a PPP for the project.” The P1.747-billion PTCC, which cleared the Investment Coordination Committee Cabinet Committee (ICC-CC) in October 2015, was slated for NEDA Board approval before the DoT withdrew it early in the year.

 
The project had two four-storey structures with one building supposed to house the DoT and its affiliated agencies in three floors as well other spaces for commercial use while the other building, to be located within Fort Santiago, was designated exclusively for commercial purposes. Last week, the ICC-CC approved 55 key projects under the Duterte administration and will be announced in April once the list is presented to the President.

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