A House leader is pushing for the approval of a Public-Private Partnership measure whose main purpose is to help economy grow especially during this time of crisis triggered by ths coronavirus disease (COVID-19) pandemic.
Chairperson of House committee on economic affairs and AAMBIS-OWA Party-list Rep. Sharon Garin is calling for the immediate passage of House Bill 6575, otherwise known as the Public-Private Partnership (PPP) Rationalization Act of 2020.
The measure seeks to strengthen and concretize the role of public-private partnerships in nation-building.
Rep. Garin, who also serves as co-chair of the House subcommittee on economic stimulus response package (ESRP) is cognizant of the private sector’s role in addressing the challenges posed by the COVID-19 pandemic.
As the principal sponsor of landmark bills advocating better public services through fair and improved competition, Garin maintains that House Bill 6575 is one of the key pieces of legislation that will help jumpstart the Philippine economy and provide relief to the Filipino people in the wake of community quarantine.
She maintains that House Bill 6575 is set to complement ARISE Philippines Act, the economic stimulus package approved by the House of Representatives on June 4.
“As we deal with the aftermath of the two-month enhanced community quarantine (ECQ) and transition to the era of the new normal, fostering PPPs will help accelerate economic recovery and development. We acknowledge the innovation and technology that the private sector can deliver as we continue to fight this invisible enemy,” she said.
The bill aims to increase investments and private sector participation by scrapping the P1 billion-peso threshold for projects entitled to incentives.
The bill also proposes the creation of a Project Development Facility which shall serve as a revolving fund to finance the proper identification, study, development, validation, and preparation for public bidding.
To prevent delays in completion and ensure the continuity of projects, the bill also proposes the protection of PPP projects from restraining orders, preliminary injunctions, or preliminary mandatory injunctions, by any court except the Supreme Court.
The bill has been pending with the Committee on Public Works and Highways since May 4, 2020.