BusinessMirror February 29, 2016

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BusinessMirror

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BusinessMirror A broader look at today’s business

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n

Monday, February 29, 2016 Vol. 11 No. 144

Govt pushes back timetable for rollout of Sangley Airport $10B I

P.  |     | 7 DAYS A WEEK

BEHIND THE SCENES: PPP OPPORTUNITIES FOR INTROSPECTION

B L S. M

T looks like the $10-billion Sangley Airport, originally seen pursued under President Aquino, will be denied the pleasure of entertaining interested bidders under a new timetable bared by Transportation Secretary Joseph Emilio A. Abaya. He acknowledged in a spot interview the multibillion-dollar project’s “full feasibility study” will only materialize a year-and-ahalf from now, or well beyond the President’s term and inconsistent with a self-declared goal to keep the ball rolling before the Chief Executive leaves office.

INSIDE

MILA IMSON: WORLD-CLASS JEWELER

PPP Lead

Cost of constructing Sangley Airport

Abaya acknowledged he has yet to receive the feasibility study from the Japan International Cooperation Agency (Jica) on the multibillion-dollar airport project seen to replace the Ninoy Aquino International Airport (Naia), making it impossible for the government to meet its target of opening the project to bidders before the Aquino administration ends. C  A

BMReports

Alberto C. Agra

B

Conclusion

EHIND the public-private partnership (PPP) scene, press releases and awarded contracts are latent assumptions. The underlying premises of PPPs must be understood, put in the foreground and subjected to discourse. A PPP is so much more than the instrument signed by an implementing agency (IA) and the winning private-sector proponent (PSP). A PPP goes beyond the construction, operations and delivery of projects. C  A

LIFE

PPP’S TRUE NORTH

D1

ECHOES OF 1991 GULF WAR LINGER ON IN MIDEAST

Better Quality of Life

‘Con-dorms’ offer challenges to traditional students’ lodging B M R M Researcher

PERSPECTIVE

E4

N

First of three parts

ESTLED behind a gray edifice on Padre Noval Street in Manila is a two-story house whose wooden façade has grown darker, thick with construction dust.

PESO EXCHANGE RATES n US 47.6770

Along its halls echo the clanking of steel hitting steel and steel hitting concrete from a jackhammer. The sound crawls into the room of Kate Caguiat, a student at the University of Santo Tomas (UST). She has found her old dormitory a mute witness to the noisy birthing of a new form of students’ lodging: “con-dorms.” The BM counted

about 17 condominium-type dormitories, or con-dorms, near the Royal Pontifical UST. Caguiat’s temporary abode is one of 177 dormitories. She told the BM she has gotten used to the grinding of rivets and the hum of cranes for the past two semesters from the construction of the nearby con-dorm.

Hard and Soft Projects

Sustaining Partnerships

More Revenues AUTHOR: ALBERTO C. AGRA

BM GRAPHICS: JOB RUZGAL

C  A

n JAPAN 0.4224 n UK 66.5809 n HK 6.1366 n CHINA 7.2963 n SINGAPORE 34.0380 n AUSTRALIA 34.3519 n EU 52.6020 n SAUDI ARABIA 12.7169

Source: BSP (26 February 2016 )


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