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ADB grants $3-M for climate resilient PPP projects

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By Emmie V. Abadilla

The Asian Development Bank (ADB) is providing an additional $3-million technical assistance (TA) grant to the Philippine government through the Public-Private Partnership (PPP) Center for local climate-resilient PPP projects.

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This development will enhance PPPs at the local level, as the PPP Center will help strengthen the capacities of local government units (LGUs) and other local implementing agencies (IAs) such as water districts, state universities and colleges (SUCs), among others, to include climate change mitigation and adaptation components in their portfolio of PPP projects.

The grant, financed by the Urban Climate Change Resilience Trust Fund (UCCRTF), will support the PPP Center’s capacity-building program and the development and procurement of local climate resilient PPP projects through its Project Development and Monitoring Facility (PDMF).

The PDMF is a revolving fund managed by the PPP Center. It will enable LGUs and local IAs to access a panel of PPP experts with proficiency in climate change resiliency which will provide assistance in developing and implementing their PPP projects, from the feasibility study stage to approval, procurement and implementation stages.

“The PPP Center welcomes the additional support from the ADB and the UCCRTF as these additional resources will help our LGUs and other local IAs such as water districts, SUCs, among others, efficiently develop and implement vital PPP projects that will have a significant and positive impact in their communities,” PPP Center Deputy Executive Director Mia Sebastian stated.

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