DAVAO CITY – The Mindanao Development Authority (MinDA) is poised to augment its efforts in promoting Public-Private Partnerships (PPP) commencing in January 2025, with the objective of empowering local government units (LGUs) throughout the island.
MinDA Secretary Leo Tereso Magno articulated on Thursday that this initiative aligns with the Marcos administration’s emphasis on harnessing private sector partnerships for the advancement of national development.
“We are actively seeking avenues to empower LGUs, a critical component of which involves encouraging their engagement with PPPs. LGUs must acknowledge that collaborations with the private sector present novel opportunities to mitigate funding challenges,” he stated in a formal declaration.
In preparation for this endeavor, MinDA is conducting consultations with local governors and will introduce various tools and strategies to facilitate the implementation of PPP projects.
“This administration recognizes the transformative capacity of the private sector. Consequently, we are intensifying our initiatives in the realm of PPPs. We have already forged agreements with the PPP Center to actualize this vision,” Magno asserted.
As an integral part of this initiative, MinDA will develop bespoke regional master plans, evaluate the existence of PPP ordinances, and provide assistance to LGUs in the formulation of necessary frameworks when required. A dedicated MinDA office will be established to focus exclusively on PPPs to bolster this initiative.
Magno underscored that an information dissemination campaign is currently underway to educate LGUs regarding the advantages and procedural aspects of PPPs, thereby ensuring their preparedness to collaborate with private sector entities.
This renewed emphasis on PPPs signifies MinDA’s unwavering commitment to promoting inclusive growth and sustainable development through public-private collaboration.