MANILA, Philippines — Local banks have expressed support for the government’s massive infrastructure program, saying they are ready to provide financing in case funding delays are encountered by the projects. BDO Capital and Investment Corp. president Eduardo Francisco told participants of a business forum that banks are ready to provide support. As a bridge, the government can use banks for funding if there are delays, no matter what funding scheme is utilized,” Francisco said. Under the Build Build Build program, the Duterte administration hascommitted to spend up to P9 trillion for big-ticket infrastructure projects between 2017 and 2022. However, the government remains open to private-public partnerships or PPP funding scheme as well.

Source: Philippine Star June 13, 2018 15:45 UTC