The Mindanao Development Authority (MinDA) will strengthen its efforts to promote Public-Private Partnerships (PPP) starting in January 2025, aiming to empower local government units (LGUs) across the island.
MinDA Secretary Leo Tereso Magno said Thursday that the initiative aligns with the Marcos administration’s focus on leveraging private sector partnerships for national development.
“We are looking for ways to empower LGUs, and part of that is encouraging them to embrace PPPs. LGUs must recognize that partnerships with the private sector open up new opportunities to address funding challenges,” he said in a statement.
To prepare LGUs, MinDA is conducting consultations with local governors and will roll out tools and strategies to facilitate PPP projects.
“This administration recognizes the transformative power of the private sector. That’s why we are strengthening our efforts in PPPs. We’ve already established agreements with the PPP Center to make this happen,” Magno said.
As part of the initiative, MinDA will develop tailored regional master plans, assess the presence of PPP ordinances, and assist LGUs in drafting the necessary frameworks if needed. A dedicated MinDA office will also focus solely on PPPs to support this effort.
Magno emphasized that an information campaign is underway to educate LGUs on the benefits and processes of PPPs, ensuring their readiness to collaborate with private sector partners.
This renewed PPP push reflects MinDA’s commitment to fostering inclusive growth and sustainable development through public-private collaboration. (PNA)
